Nonprofit Newswire | Affordable Housing Funding Stalls

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February 10, 2010; New Haven Register | States’ budget problems continue to unfold to the detriment of cities and towns across the country. An assessment by the New Haven, Conn. fire department of two properties owned by he nonprofit, NeighborWorks New Horizons, called the buildings “death traps” and said they were in “deplorable” condition. According to city land records, the nonprofit affordable housing developer owns 16 properties and undeveloped parcels in Fair Haven and has had plans in place to rehab the buildings in question. NeighborWorks receives a mix of public and private funding but the Fair Haven developments stalled when the state slashed funding amid the budget crunch. “Because of the state budgetary crisis, some programs for which these buildings had been approved were defunded. We’ve had to scramble to get new funding,” said Tim Protzman, a special project coordinator for NeighborWorks. He told the New Haven Register that in normal economic times it takes two to three years after a site is acquired to secure funding, draw up designs and rehab a house. “We’re finding that, in this economy, it’s five to six years,” he said.—Aaron Lester