Yale University and the City of New Haven today announced a new commitment and plan to support the city's finances that also outlines key steps toward other vital shared goals - growing the housing supply, addressing food insecurity, supporting local non-profits, enhancing public spaces, and creating new partnerships between university and city that serve the common good.
As described during a joint City Hall appearance by Yale President Maurie McInnis and New Haven Mayor Justin Elicker, Yale will make voluntary payments to the city totaling more than $230 million through fiscal year 2033. A historic 2021 plan provided more than $135 million over a similar period.
Yale, which is New Haven's biggest employer and real estate property taxpayer, will also study the feasibility of housing development on some of its property, establish a fund for local non-profits, fortify groups focused on food insecurity, and work with the city to enliven streetscapes and foster community.
