The following photographs are of completed projects in the city of Hartford from June 1997 through May 1998, developed by CIL Affordable Housing Incorporated, a local non-profit affordable housing developer. Each project identifies the property and the sources of construction and permanent financing. A brief narrative explains the subject property. We've developed a key which illustrates the total development cost of each project; the achievable sales price for each property given Hartford's real estate market - and, the subsidy needed to make a workable deal. In each case, the cost to rehabilitate the property exceeds the market value of the completed project. As you can see from these photos, quality affordable housing is being produced through CHIF's Neighborhood Rebuilder Program.
Developed by:
CIL Affordable Housing
Incorporated
Construction Financing:
CHIF, Federal Home Loan
Bank/AHP, State Street
Foundation
Permanent Financing:
Fleet
Mortgage, City of Hartford, FHLB/AHP, State Street
Foundation
An attractive thoroughly modern 1700 square foot single family home, now stands in this south end neighborhood where a barren foundation was left abandoned for five years after a three-family building burned beyond repair. CIL purchased the property in 1997 from a private owner for the amount of the delinquent property taxes. This new 2-story, owner-occupied home includes a spacious light-filled kitchen, two full baths, a laundry/utility room, a three car garage, and plenty of room for the family of seven who are now proud to call it home.
Developed by:
CIL Affordable Housing Incorporated
Construction Financing:
CHIF, Melville Charitable Trust, Federal Home
Loan
Bank/AHP
Permanent Financing:
State DECD-HOME,
FHLB/AHP, conventional lender
This 70-year-old one-family home in the Blue Hills Neighborhood sat vacant for over 5 years until it was purchased by CIL from HUD for $1,000. Renovation includes a new roof, attic and exterior side wall insulation, interior and exterior painting, replacement windows and exterior doors, new carpeting, new bathroom fixtures, upgrading of existing wiring, a new gas-fired boiler with baseboards in every room, as well as a new domestic hot water heater. The kitchen features all new cabinets and counters. This home is affordable to an owner-occupant with an annual household income between $27,000 and $29,000.
Developed by:
CIL Affordable
Housing Incorporated
Construction Financing:
CHIF, LISC,
Melville Charitable Trust, Federal Home
Loan Bank/AHP, Webster
Bank
Permanent Financing:
State DECD-HOME, City of Hartford, FHLB/AHP, conventional lender
Hartford's Frog Hollow Neighborhood has suffered from severe disinvestment and abandonment of its century-old, obsolescent six-unit apartment buildings known as "Perfect Sixes." With enthusiastic support from HART, a local grass-roots community agency, CIL acquired these buildings through foreclosure. The two buildings will be reconfigured during the summer of 1998, into four, contiguous, owner-occupied townhouses. Youth Build, a publicly-funded construction jobs program administered by Hartford-based Co-Opportunity, Inc., has helped contain costs for the project by providing demolition, carpentry and painting services while simultaneously preparing young adults for careers in the building trades.
Developed
by:
CIL Affordable Housing
Incorporated
Construction Financing:
CHIF, Melville Charitable
Trust, Federal Home Loan
Bank/AHP, State Street Foundation
Permanent Financing:
Chase Manhattan Bank, City of Hartford,
FHLB/AHP,
State Street Foundation
The Wyllys/Lisbon Co-op project reverses the decline of a blighted, drug-infested block of the Sheldon/Charter Oak Neighborhood. The project's centerpiece is a 35 unit limited equity cooperative, completed in 1997, a collaborative effort of Sheldon Oak Central, Inc. and CIL. Concerned that 29-31 Lisbon Street remained an eyesore on the block, CIL purchased the house from HUD for $1,000 and rehabilitated it with funding from the CHIF Neighborhood Rebuilder Program. Today, this two-unit, fully renovated home, provides a modest income couple and their infant a first home - plus a rental unit which offsets their monthly housing costs.
Developed by:
CIL
Affordable Housing Incorporated
Construction Financing:
CHIF,
Melville Charitable Trust, FHLB/AHP State
Street
Foundation
Permanent Financing:
People's Bank, State
DECD-HOME, FHLB/AH, State Street
Foundation
Homeownership became a reality for a single mother and her three children when they moved from a rental apartment in Hartford into a home of their own through the CHIF Neighborhood Rebuilder Program. A vacant, formerly HUD-owned, duplex was renovated and downsized into a one-family owner-occupied home. This moderate rehabilitation included reconfiguring the entrance, chimney and foundation work, exterior trim painting, interior drywall and plastering, refinishing wood floors, as well as plumbing, electrical and heating upgrades and new cabinets.
Developed by:
CIL Affordable
Housing Incorporated
Construction Financing:
CHIF, Melville
Charitable Trust, Federal Home Loan
Bank/AHP
Permanent
Financing:
McCue Mortgage, CHFA, State DECD-HOME
FHLB/AHP
In September of 1997, CIL acquired this vacant, bank-owned one-family home in Hartford's south end. Only four months later, the moderate renovation was completed and a low-income mom and her three growing adolescents rang in the New Year with a place of their own. She now pays an affordable 31% of her income toward monthly housing costs. This 72-year-old Colonial had fallen into disrepair and required new roofing, siding repair, replacement porches and steps, interior painting, new vinyl flooring, new bathroom fixtures, electrical repairs, and kitchen cabinets.
Developed by:
CIL Affordable Housing
Incorporated
Construction Financing:
K Mortgage (203k
originated by CHIF), Federal Home
Loan Bank/AHP
Permanent Financing:
Chase Manhattan Bank, City of Hartford, Christian Activities
Council
Hopeful of reversing the incipient trend toward neighborhood decay unmistakenly evident in the telling signs of property disinvestment and the increased number of vacant properties on McKinley Street, CIL acquired this deteriorating duplex from a private owner for $18,000. Responding to Hartford's need for increased affordable homeownership opportunities for large families, CIL converted the duplex into a single-family home. A very low-income couple with five children was able to purchase the property with downpayment assistance from the City of Hartford and help from the Christian Activities Council's land trust program.
