BNT’s mission is to LEAD, EMPOWER and CHANGE Bridgeport neighborhoods, improving quality of life through affordable housing opportunities. To meet this challenge, BNT develops and manages affordable housing, creates healthy homes with a focus on lead remediation and provides comprehensive homeownership for low and moderate income families.
BNT was incorporated in 1986 and provides an array of services in the Bridgeport community. Over the past eight years, BNT’s results include the development of 168 new scattered site affordable housing units (102 are under management).
Currently it has an additional 11 units in construction and 231 units in pre-development. With regards to its programs, BNT has created 957 lead-safe apartments and helped more than 600 families achieve homeownership during this time period.
Bridgeport Neighborhood Trust (BNT) is incorporated as a 501(c)(3) nonprofit to address the issue of affordable housing.
BNT focuses on making forgivable loans to nonprofit developers for predevelopment (affordable housing) expenses, which transforms an entire neighborhood in the West End by acquiring, rehabilitating, and selling homes to first-time homebuyers.
BNT expands its programming, but remains focused on affordable housing development, completing 22 homeownership units and leveraging $ 2.1 million of public and private financing.
BNT expands its programming to many areas, but remains focused on affordable housing development, completing 22 homeownership units and leveraging $ 2.1 million of public and private financing.
Due to an elevated real estate market, BNT is no longer able to acquire new properties at reasonable prices. Development work diminishes and focus shifts to homeownership counseling and administrative support for community organizations.
BNT partners with the City of Bridgeport to address lead hazards by managing Bridgeport’s $3 million Lead Free Families program to make 275 units lead safe.
BNT returns to its roots in housing development and focuses on expanding its homeownership counseling program.
BNT is awarded $1.6 million from the Department of Economic and Community Development and Connecticut Housing Finance Authority to develop 27 affordable housing units.
BNT receives a $2 million LEAP grant from HUD to expand its lead education program and continue the much-needed lead remediation work in the city.
BNT appoints Elizabeth Torres as its first full-time Executive Director. BNT is awarded $2,360,000 from the Department of Economic Development and Connecticut Housing Finance Authority to develop 26 affordable housing units.
BNT received a number of distinctions, including the Audrey Nelson Award from the National Community Development Association for its housing development work; the CT Mortgage Association Housing Award for developing affordable housing in Bridgeport, the Reaching Home Supportive Housing Partner Award for its work developing supportive and affordable housing, as well as a number of other awards.
BNT finishes construction of Pequonnock Replacement Initiative representing $15M of community investment over 6 years.
BNT builds CT’s first LEED certified affordable two family “green” home.
BNT secures $500,000 of tax credits from Connecticut Housing Finance Authority to support Southend Community Initiative.
BNT receives its first Environmental Protection Agency grant to support the East Side Healthy Homes Initiative.
BNT secures 3 year Connecticut Housing Finance Authority contract to provide homeownership counseling for low-income families.
Stratford Community Organizations Council Stratford, CT 06614