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Ridgefield officials extend Meadows PILOT program

The Ridgefield Board of Selectmen at their June 5th meeting voted to extend the Meadows PILOT program for 2 additional years.  The Ridgefield’s Housing Authority asked for an abatement of the pilot program and Fairfield County Bank worked with them on this.  There was a $2.1 million mortgage on their 20-unit affordable housing property in 2014. They owed pay-backs to the State, even if there were empty apartments.  At that time, they brought on a new management company and the Housing Authority came to the Board of Selectmen for an abatement for a pilot program at The Meadows for two years. The property’s financial situation is now stabilized.

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Brian Kilmeade

Local Headlines