State officials have allocated resources for the renovation of the Veterans Terrace housing development to the tune of an anticipated $25 million in financing and tax credits. The state-sponsored 150-unit affordable housing project, located on Columbus Circle in East Hartford, has been under renovation for years by the East Hartford Housing Authority, which operates a handful of public housing projects in town. The DOH announced it would provide $4.5 million in financing to the town’s Housing Authority. CHFA said it will allocate tax credits that will generate $12.83 million in private investment along with $6.43 million in taxable bonds and $1 million from the authority’s Opportunity Fund. East Hartford officials said no municipal funding is included in the project.
https://www.stamfordadvocate.com/journalinquirer/article/ct-east-hartford-veterans-terrace-renovation-20038442.php