Hartford Preservation Groundbreaking
We were excited to celebrate the Groundbreaking of the Hartford Preservation Portfolio, a complex acquisition and substantial renovation of 206 units in five separate Section 8 properties purchased from three separate sellers and financed together with a single tax-exempt bond and 4% LIHTC financing. This financing will enable us to complete much-needed repairs at all five properties, but chief among them is Barbour Gardens, which lost its Section 8 assistance in 2019 and was forcibly vacated by HUD and the City of Hartford. We are going to dramatically renovate the property and welcome new residents in 2022.
Please read coverage of the event in the Courant and see photos of the renovations in process below: