Bridgeport Advances $53M Harborview Towers Renovation - Wisevoter

Bridgeport Mayor Joe Ganim signed $40 million in notes on Nov. 6 to finance a $53 million renovation of Harborview Towers, which houses 242 affordable units.

Construction is already underway on the 14-story building at 376 E. Washington Ave. Local leaders view the modernization work as a much-needed overhaul for a significant portion of Bridgeport’s affordable housing inventory.

Financing through housing bonds lets the project qualify for federal 4% low-income housing tax credits. Park City Communities is providing the $40 million investment through housing bonds, bringing the cumulative budget to $53 million across all 242 units.

By issuing the bonds, Park City Communities—formerly known as the Bridgeport Housing Authority—enables the development to automatically qualify for federal 4% low-income housing tax credits. Renovations include upgrades to HVAC, plumbing, windows, mechanical and electrical systems, and elevators.

The units will become long-term, project-based Section 8 residences under the Rental Assistance Demonstration program. Haynes Construction Co., a Seymour-based general contractor, is performing the Harborview Towers renovation work, with Paul B. Bailey Architect LLC, a New Haven architecture firm, serving as the architect on the project.

Bridgeport Advances $53M Harborview Towers Renovation - Wisevoter

Through the Rental Assistance Demonstration initiative—a federal framework designed to safeguard public housing inventories—the development is transitioning into long-term, project-based Section 8 housing.

This approach of leveraging housing bonds to secure 4% low-income housing tax credits mirrors the standard financial framework utilized across the country to protect affordable housing. Improvements to plumbing, windows, elevators, and HVAC systems will directly benefit individuals living within the 242 affordable apartments at Harborview Towers as construction continues. The project keeps these units in the affordable housing stock on a long-term basis.