September 3, 2025 (Trumbull, CT) – Connecticut Housing Partners (CHP) and CT Department of Housing (DOH) are excited to announce the official closing for the purchase of the former Holiday Inn in downtown Bridgeport. The CT Dept of Housing provided $22 million in funding to convert what was once intended to be market rate housing into 97 new units that will be affordable for Bridgeport residents.
The redevelopment is a key milestone in CHP’s 35-year mission to provide safe, stable, and affordable homes for members of the workforce, seniors, veterans, and low-income individuals. Once converted, all units will be affordable for households earning at or below 80% of the area median income. The mix will include 51 one-bedroom apartments and 46 two-bedroom apartments.
“This project is a beacon of what’s possible when community, government, and nonprofits work together. By converting the former Holiday Inn, we are creating nearly 100 affordable homes for members of the workforce in the heart of Bridgeport,” said Renée Dobos, CEO of Connecticut Housing Partners. “We’re also moving our own headquarters downtown. It’s a step that reflects our growth as an organization while expanding and maintaining affordable housing across the region.”
“This is another example of leveraging whatever tools we have available to make fast and creative decisions in order help our Connecticut residents get access to the housing they need,” said Connecticut Housing Commissioner, Seila Mosquera-Bruno. “These units were recently rehabbed for market rate rents, and by providing DOH resources, CHP was able to acquire the entire building and essentially save significant money in construction costs. In today’s market, construction of a new 97-unit building would have costs double or perhaps more. We’re excited about this project and look forward to seeing its progress.”
With assistance from the Department of Housing, CHP will gradually transition the existing market-rate apartments to affordable units as they become available. The first floor of the building will be renovated into CHP’s new headquarters, a move that enhances their ability to serve residents while supporting their broader mission to grow, develop, and preserve affordable housing across the state. The Bridgeport headquarters will serve as both a hub for CHP’s statewide operations and a visible commitment to the city’s future.
For more information, please visit cthousingpartners.org.