The old Holiday Inn in Downtown Bridgeport has changed ownership for the second time in two years with the new owners turning the property into 100% affordable housing.

Connecticut Housing Partners, which is celebrating its 35th anniversary, just bought the property, which was converted into market-rate housing back in 2023.

Renee Dobos, CEO of the nonprofit, says its mission is to build and sustain affordable homes for "seniors living on a fixed income" and for members of the workforce.

She says Connecticut urgently needs affordable housing and the former hotel will bridge the gap for hardworking residents with limited incomes.

"There's 97 units and right now...it's about 95 or 96% leased up. It's all market rate right now, but as people move out and as units become available, we're going to slowly convert it to affordable housing," Dobos explains. "So the first floor is still as it was for the original hotel, it still had the ballroom, it still has the meeting rooms, so we're going to convert all of that to become office space, and that will become our headquarters, so we'll be moving into this building as well."

Connecticut Housing Partners says moving its headquarters from Trumbull to Bridgeport will enhance its ability to provide affordable housing to thousands of residents who are "working paycheck to paycheck."

For more information, visit the Connecticut Housing Partners website.