Feb 25, 2026Board meeting
Waterbury Board of Aldermen Meeting
The board reviewed a presentation from the Waterbury Housing Authority regarding a proposed affordable housing development. Discussions focused on the project's financing model, specifically the need for a tax modification agreement to ensure long-term viability and hedge against future tax risks. The board also addressed the project timeline, confirming it is shovel-ready, and discussed strategies for local labor participation and site contamination remediation. Additional dialogue covered tenant qualification criteria based on area median income and the commitment to providing supportive housing services.