The HOPE Partnership is a longtime grantee of Liberty Bank Foundation and we’d like to register our strong support for its development of much-needed affordable housing in the shoreline areas of Middlesex County.
Its planned River Oak Commons project – 37 units of affordable housing – will be an asset to the Old Lyme community. Those earning between $25,000 and $80,000 annually and who provide essential services to the town (such as teachers, police officers, retail clerks) will be able to live close to their places of work. It can provide housing for returning college grads, who could not otherwise afford to live in their former hometown. Even downsizing seniors would have a housing option that wouldn’t necessitate moving out of town.
We understand that some Old Lyme residents have raised concerns. Given our long relationship with HOPE, we can attest to its diligence in ensuring that housing is built with due consideration to safety, quality, and responsiveness to the community as well as those who seek an affordable place to live.
We were proud supporters of HOPE’s Ferry Crossing affordable homes in Old Saybrook and believe that it is a model of what’s planned for Old Lyme – a place anyone would be proud to call home.
A recent Day editorial also supports HOPE’s efforts in Old Lyme, and Old Lyme Congregational Church’s Reverend Steve Jungkeit also provides some food for thought about the importance of shelter for everyone.
Want to understand more about affordable housing. Here are some Q&As.