According to its latest annual report, CRDA has invested close to $100 million of bonded taxpayer funds to leverage redevelopment of 23 ex-commercial buildings into 1,546 housing units in Hartford with a total construction value of $413 million. Those buildings are now generating north of $1 million in new tax revenue to the city. Today, CRDA is evolving, he said, into less of a “banker,” helping identify and structure loans, equity and tax credits, and more of a property co-developer and manager. Its staff’s technical expertise not only assists Hartford, but neighboring communities in the region with their economic-development aspirations.
http://www.hartfordbusiness.com/article/20181008/PRINTEDITION/310049961