The Eleanor And The Franklin

695 Park Ave, Bridgeport, Connecticut 06604

Together The Eleanor and The Franklin provide 110 units of affordable housing.The Franklin offers 48 units for veterans, homeless, or other individuals needing supportive services; and The Eleanor contains 62 units of elderly housing, 35 of which provide congregate services, including dining, wellness programs, and housekeeping.

The Eleanor And The Franklin Details

  • 110 bedroom units.
  • Low-Income Housing Tax Credit (LIHTC)
  • Public Housing
  • HOME Investment Partnerships Program

Property Amenities

  • On-Site Parking
  • Coin-Operated Laundry

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Public Housing

Since this property is owned and managed by a Public Housing Authority, all of the rents at this property are based on tenant incomes. Tenants will make a monthly contribution toward rent equal to 30% of their adjusted income. A housing authority may establish a minimum rent of up to $50.

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.

Bridgeport HUD Rental Assistance Income Qualifications

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in a HUD rental assistance program in Bridgeport but actual income limits may differ for units at The Eleanor And The Franklin.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% $24,350 $27,800 $31,300 $34,750 $37,550 $40,350 $43,100 $45,900
50% $40,600 $46,400 $52,200 $57,950 $62,600 $67,250 $71,900 $76,500
80% $56,300 $64,350 $72,400 $80,400 $86,850 $93,300 $99,700 $106,150

Bridgeport Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Bridgeport but actual income limits may differ for units at The Eleanor And The Franklin.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $40,600 $46,400 $52,200 $57,950 $62,600 $67,250 $71,900 $76,500
Low Income (60%) $48,720 $55,680 $62,640 $69,540 $75,120 $80,700 $86,280 $91,800

The Eleanor And The Franklin is managed by Park City Communities.

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