BRIDGEPORT, CT—Today, Congressman Jim Himes (CT-04) announced that Stamford’s Housing Development Fund will receive $3,718,258 in funding from the U.S. Department of the Treasury’s Community Development Financial Institutions (CDFI) fund. This grant is awarded through the Equitable Recovery Program (ERP), intended to help vulnerable areas recover from COVID-19.

“We have an affordable housing crisis in Fairfield County,” said Congressman Himes. “A lack of housing options impedes the ability of young families to settle in Connecticut, pushes senior citizens out of their communities, and strangles Connecticut’s economic growth. This grant will help the Stamford Housing Development Fund continue their critical mission of creating more affordable options for our friends and neighbors.” 

“HDF is thrilled to have secured the ERP grant and at such a meaningful level,” said Joan Carty, CEO of the Housing Development Fund. “These funds will be targeted to leveraging multifamily rehab and deed restricting affordable rentals for low and moderate income households. We are also appreciative of the support of Congressman Himes, who truly understands the nature and challenges of our work.”

The Equitable Recovery Program (ERP) is a competitive grant program designed to provide funding to CDFIs to expand lending, grant making, and investment activities in low- or moderate-income communities, which have significant unmet capital and financial services needs and have experienced disproportionate economic impacts from the COVID-19 pandemic. Click here to learn more about the CDFI Equitable Recovery Program.

According to the Housing Development Fund (HDF), their organization’s mission is to facilitate the development of affordable rental and homeownership opportunities. HDF assists households in becoming and remaining owners of affordable homes and finances affordable rental opportunities for low and moderate-income households. Click here to learn more about the Housing Development Fund.

For more information, contact Charlotte Hoffman at


Congressman Jim Himes represents Connecticut’s 4th District, which includes the communities of Bridgeport, Darien, Easton, Fairfield,  Greenwich, Monroe, New Canaan, Norwalk, Oxford, Redding, Ridgefield, Shelton, Stamford, Trumbull, Weston, Westport and Wilton.