The development team behind the affordable housing community, Overlook Village Associates, will spend nearly $16.8 million on the six-acre parcel, which will consist of 24 affordable units and six market-rate apartments when it’s completed in 2022. The city of Hartford is offering the developer tax relief on the affordable units. Mayor Luke Bronin is asking the city council to approve a tax abatement agreement that would generate $21,600 annually for the first 15 years. The 105 units built in Phases I and II are fully occupied and about 150 families are on a wait list for an apartment, according to Imagineers, the property manager and a member of the Overlook Village Associates team.
https://www.courant.com/community/hartford/hc-news-bowles-park-phase-iii-20200929-gymjd2g5lrdnzea5ahbx7grh4m-story.html