Properties:
| > Welcome to the Mutual Housing Association of Greater Hartford, Inc. > Properties > Grove Street
Grove Street
|  | |
Located in Windsor Locks, this development entailed the conversion of St. Mary's School, built in 1888, into 21 two and three bedroom apartments. The construction included creating a third story from the 32 foot high attic and inserting dormers into the roof.
This development was the first HOME funded project in the State of Connecticut and also combined the Low Income Housing Tax Credit program. The property features spacious apartments, duplexes and flats, 14 foot ceilings, 8 foot windows and a community and fitness room in the basement. The original financing provided for the creation of the community space, and the residents developed the exercise/fitness room.
Unit Configuration:
5 Two Bedroom Flats
5 Two Bedroom Duplexes
5 Three Bedroom Flats
6 Three Bedroom Duplexes
Housing Charges:
Two Bedroom Units $700
Three Bedroom Units $775
Project Status: Completed January, 1995
PROJECT FINANCING
State of Connecticut HOME Grant $2,057,530
Low Income Housing Tax Credit with BankBoston as Equity Investor $1,800,000
Shawmut Bank also provided a $1,000,000 construction loan
|
| |
| |
|
