Affordable Housing Committee
Affordable Housing: Town Eyes Purchase of ‘Avalon’ Property on Lakeview Avenue
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Faced with creating dozens of new affordable units in New Canaan in order to get out from under a widely discussed state law, town officials are seeking to purchase a 9.1-acre apartment development located opposite Lakeview Cemetery, documents show. According to a Notice of Public Hearing posted on the municipal website, the New Canaan Housing Authority “proposes to acquire through its wholly owned affiliate HANC Lakeview LLC, by agreement with current owners, the following property in connection with the acquisition of an existing multifamily residential housing complex and related improvements located at 100 (a/k/a 106) Lakeview Avenue, New Canaan, CT.”
Known as the Avalon, the privately owned property at 106 Lakeview Ave. — the single-highest taxpayer account in New Canaan with a $33 million assessment, according to the most recent Grand List — includes 10 residential buildings with dozens of units of various sizes, 11 garages and a one large pool, tax records show. As per state law, the town must post a notice and give the public an opportunity to comment on the proposal. A hearing is scheduled for 5:30 p.m. on Aug.