Webster stakes $16.7M for Meriden housing

Webster Bank is pledging $16.7 million in loans, subsidies and tax credits to fund a proposed $31.5 million, 81-unit Meriden mixed-income housing redevelopment on the site of a former newspaper building. Robin Gallagher, senior vice president for commercial real estate for the Waterbury super-regional lender, said Wednesday Webster leads a financing package for New Jersey-based Michaels Organization’s Meriden Housing Development Project at 11 Crown St.


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