Hartford/Rocky Hill Housing Projects Get State Fund Boost

State of Connecticut

HARTFORD/ROCKY HILL, CT — The Connecticut Department of Housing (DOH) and the Connecticut Housing Finance Authority (CHFA) said Thursday they have signed financing agreements for five developments in Connecticut, including ones in Hartford and Rocky Hill.

Overall, officials said the deals will create a total of 478 housing units, including 439 affordable units for low- and moderate-income renters.

The DOH is providing a total of $16,697,675 in loans for developments in Hamden, Hartford, New Haven, Rocky Hill and Torrington.

Meanwhile, the CHFA is providing an additional $35.1 million in financing as well as low-income housing tax credits that will generate more than $57.7 million in private investment.

The affordable units will be earmarked for residents making between 25 and 80 percent of the Area Median Income (AMI).

In addition, CHFA signed a financing agreement for the first 44 units to be funded by the Build For CT program, a new collaboration between DOH and CHFA to support the creation of apartments designed to be affordable for middle-income renters.

These financing agreements mean those developments are now ready to begin construction.

“These developments mark a pivotal moment in our mission to create inclusive and affordable housing solutions for the people of Connecticut,” said DOH Commissioner Seila Mosquera-Bruno. “With more than 4,000 units currently under construction, we are tirelessly working to amplify this impact, striving to increase the number of homes and create a more inclusive and sustainable future for Connecticut.”

"These recent closings represent our ongoing commitment to support and expand affordable housing options for individuals and families across the state,” said Nandini Natarajan, chief executive officer and executive director of CHFA. “Through strategic financing partnerships and collaborative initiatives, CHFA and DOH remain dedicated to fostering vibrant communities and improving the quality of life for all residents."

The developments in Rocky Hill and Hartford are as follows:

• Village at Park River / Phases VI-A and VI-B, Hartford – Part of the sixth phase of a multi-phase initiative aimed at revitalizing the former site of Westbrook Village, funding will support the development of 76 rental units, 63 of which will be restricted to low-income households.

A community building that includes a lounge, fitness center, and management offices was completed in 2022 and is shared by all phases of the development.

DOH is contributing approximately $8.7 million in financing to the development, while CHFA is providing an additional $6.56 million in financing.

• Kelson Row, Rocky Hill – Located on the site of the recently demolished Ames headquarters, this mixed-use development will include 213 residential units.

Through the state’s new "Build For CT program," CHFA is providing a $5.5 million loan to support the construction of 44 units that will be designated affordable to renters earning between 80 to 100 percent of the area's median income.

For more information on the Connecticut Department of Housing, click on this link.

For more information on the Connecticut Housing Finance Authority, click on this link.