
Historic Tax Credits Help Pay for Hartford Office-to-Housing Conversion
Developers broke ground on the transformation of a pair of century-old former state office buildings into a mixed-income apartment community in downtown Hartford.
Developers broke ground on the transformation of a pair of century-old former state office buildings into a mixed-income apartment community in downtown Hartford.
A pair of developers have begun construction of a mixed-income residential community at the former Torrington Manufacturing Co. site on the Naugatuck River.
The latest phase in a 40-acre redevelopment project in Hartford will move forward thanks to $26.7 million in construction financing and Low Income Housing Tax Credit equity from KeyBank’s community development lending and investment division.
In Meriden, developer Pennrose is buying into the downtown’s future potential as it moves ahead on the second phase of Meriden Commons, a 151-unit apartment complex built on 1.7 acres near the city’s CTfastrak station.