December 5, 2023 at 9:55 am · Shelly Clark · Comments Off on Westbrook Development Corporation

Westbrook Development Corporation

https://westbrookdevelopmentcorp.org/

After The Housing Authority of the City of Westbrook was founded in 1969, it began to develop affordable housing through the most conventional of means, the Department of Housing and Urban Development (HUD). Westbrook Housing developed three public housing sites and offered Section 8 certificates/vouchers to the most vulnerable households. As time went on, Westbrook Housing realized that there was a need for housing for families and seniors that were of modest means, too challenged by market rents to afford them. Concurrently, HUD funding began to be problematic, both scarce and significantly sought after, and the competition for the limited dollars was fierce. Simultaneously, housing financing needed to become more creative. In order to continue the addition of units, alternate funding sources were required and Westbrook Housing found it was not in position to access many of the available funding sources.

Hence, in December of 1987 Westbrook Development Corporation (WDC) was founded to aide in the future development of housing.