Ferry Crossing opens

(WTNH) -- Liberty Bank highlights the affordable housing project in Old Saybrook.

On June 22, HOPE Partnership will hold the grand opening of Ferry Crossing, a 16-unit affordable housing project in Old Saybrook. Ferry Crossing is in the state's first-ever Incentive Housing Zone under the HOMEConnecticut legislation passed in 2007.

The project consists of 16 townhouse rental units of varying sizes. All are income-restricted to people making 20, 50 or 80% of the local median income. Two units are set aside for families who formerly lived in motels, and two are set aside as supportive housing for formerly homeless veterans.

HOPE Partnership made the case in Old Saybrook by demonstrating that many people like police, fire fighters, nurses, teachers, and the adult children of existing residents were unable to live there. This scenario is true for many towns all over Connecticut, and is responsible for the fact that we are one of the leading states in the number of young adults who leave our state each year.

HOPE Partnership is a non-profit organization dedicated to developing affordable housing options on the Connecticut Shoreline. Since 2004, HOPE Partnership has been educating and building support in communities on the need for affordable housing options.

Liberty Bank and the Liberty Bank Foundation have been involved with HOPE Partnership since its inception.

The Liberty Bank Foundation's mission is to support programs that enable people of low or moderate income who live within Liberty Bank's service area to achieve their personal goals and fulfill their potential. Over its 15-year history, the foundation has provided almost $7 million in grants to local nonprofits, scholarships to local students, and special programs.

Click here to learn more .