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This is an open letter to Gov. Dannel Malloy, Department of Housing Commissioner Evonne Klein and Connecticut Housing Finance Authority Executive Director Karl Kilduff from Jason Milligan, owner of Wall Street area properties, including “POKO” phases II and III.

The residents of Norwalk are concerned.  While the Low Income Housing Tax Credit program (LIHTC) can be a beneficial program, one of the developments backed by LIHTC has come to be a burden on the City of Norwalk and its residents.  The Wall Street Place (POKO) project on Wall Street in downtown Norwalk has been stalled and left partially completed for more than two and half years.  The project sits like a ghost on the main street of downtown Norwalk on land that was granted through an LDA (Land Disposition Agreement) by the City of Norwalk.  This land was formerly a parking lot that was heavily utilized and sorely missed by area businesses. The project failure has caused a parking problem, blight and safety issues.  The project, at this very moment, sits wrapped in white Tyvek which has been exposed to the elements beyond it’s useful life span and is literally rotting away and flapping in the breeze. As such it looks like a six-story ghost.  It has not been touched for two years and the project no longer has a valid zoning permit or construction permits.  It is currently owned by an entity of Citibank and there is little urgency from them or care being shown for the City of Norwalk and its residents. Continue reading Questioning tax credits for Wall Street Place