As a result of a HOPE VI grant, the Housing Authority of the City of Stamford (HACS) was able to construct a total of 330 new housing units, including 160 public housing units, 155 market-rate rental units and 15 opportunities for homeownership. Reno & Cavanaugh attorneys worked with HACS to develop a revolving loan fund for second and third mortgages to promote affordability in the homeownership component of this project.