Beacon Communities starts construction on 76-unit affordable housing conversion in Avon, Connecticut

• Beacon Communities began construction on Avon Village, converting a vacant office building at 20 Security Drive in Avon, Connecticut.
• Project targets 76 affordable apartments, part of a broader redevelopment of an underutilized office park into housing.
• Avon Village follows The Homes at Avon Park, a 100-unit mixed-income development already under construction on the site.
• Capital stack includes Low-Income Housing Tax Credits, CHFA tax-exempt bonds, state housing financing, M&T Bank construction debt and equity.
• Town support includes a 20-year PILOT agreement; combined phases would total 176 homes, with additional phases planned.

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