Alpha Capital Funds Meets with Mayor of New London to Explore Housing Solutions

New London, CT, August 14, 2024 — Alpha Capital Funds is taking another step in its commitment to revitalizing communities and addressing Connecticut’s housing crisis, with a sit-down meeting with New London Mayor Michael Passero.

The meeting, held at the Ante Room on the 3rd floor of New London’s City Hall, covered a wide range of topics crucial to the city’s development, including the deteriorating condition of workforce and elderly housing, opportunities for redevelopment in mixed-use neighborhoods, and the need for new developments to alleviate pressure on the middle market.

On August 14, Johnny Diaz, Chief Operating Officer of Alpha Capital Funds, and Micah Bailey, Director of Digital Marketing, met with Mayor Passero, to discuss potential collaborations and development opportunities within the city.

“Mayor Passero & Director of Economic Development, Felix Reyes, are passionate about redeveloping New London and increasing the supply of housing in this great city. Their energy and passion are palpable and we share the same vision in helping to bring more housing to the area. Being that New London is 3,000 units short on housing supply, we agreed that more housing would bring down rents in the city,” said Johnny Diaz. “This meeting with Mayor Passero was a critical step in exploring how we can align our efforts with the city’s housing goals.”

One of the key areas discussed was the potential for redeveloping vacant buildings downtown, to attract more commercial businesses and revitalize the popular Bank Street area. Passero and Reyes emphasized that we will have the full support of the city, planning, and zoning for redevelopment and housing initiatives.

Mayor Passero expressed his appreciation for the proactive approach taken by Alpha Capital Funds and emphasized the importance of our partnership in achieving the city’s housing objectives.

The meeting concluded with a shared commitment to continue exploring development opportunities that would benefit New London’s residents. Alpha Capital Funds is enthusiastic about the prospects of contributing to the city’s growth and providing much-needed housing solutions.

“We’re excited about the possibility of working together towards a common goal to help the residents and be part of a long term solution for Connecticut housing,” emphasized Diaz.

For more information on Alpha Capital Funds and their ongoing projects, please visit https://alphacapitalfunds.com.

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