Webster Street
63-65 & 75-79 Webster Street, Hartford, CT 06114
(Driving Directions)
Located in Hartford's Barry Square neighborhood, this project addressed four blighted and abandoned properties on Webster Street. Acquired from the FDIC through its affordable housing program, Mutual Housing downsized the properties from 53 to 30 units consisting of 18 two bedroom and 12 three bedroom flats that were completed in 2001.
Mutual Housing worked closely with the Maple Avenue Revitalization Group, the community group that represents this neighborhood, to develop a site plan that addressed neighborhood needs. Reducing the number of apartments, increasing open space and providing adequate parking were important goals for the community.
Apartment Types:
Flats include a living room/dining room combination, 2 full baths, laundry hook-up, and wall-to-wall carpeting.
Housing Charges:
$630 (2BR)
$750 (3BR)
PROJECT FINANCING
Total Development Cost $4,277,615
CHFA Permanent Mortgage $317,072
Low Income Housing Tax Credit Equity with NEF as Investor $3,550,543
Federal Home Loan Bank of Boston AHP Grant, Sponsored by Webster Bank $210,000
Neighborhood Reinvestment Corp Capital Grant $150,000
Neighborhood Reinvestment Corp Multi-Family Initiative Grant $50,000
