The Connecticut Housing Finance Authority’s Mortgage Committee unanimously endorsed $36.5 million in loans to affordable housing projects in Newington, West Hartford and New Haven Tuesday. The loan proposals include $3.17 million for the second phase of Massachusetts-based Dakota Partners’ “Cedar Pointe” development of a 7.7-acre former car dealership property at 550 Cedar St. in Newington.
On Tuesday, the CHFA subcommittee also endorsed an $11.7 million construction loan and a $2.1 million permanent loan for the first phase of West Hartford Fellowship Housing’s plan to replace 23, 1970-vintage buildings containing 168 units with six buildings containing 300 apartments for the elderly and disabled. The CHFA Mortgage Committee also endorsed $19.53 million in loans for rehabilitation of 66 apartments and construction of 26 more at the McConaughy Terrace complex in New Haven.
https://www.hartfordbusiness.com/article/chfa-poised-to-approve-365m-in-loans-for-housing-developments-in-newington-west-hartford