The Connecticut Housing Finance Authority of proposals by developers to obtain loans from the revolving fund in interest to search for another request is issued."Yes, we know that the CHFA and the reconstruction of Bridgeport for his continued commitment to happy," Donald Eversley, the city's economic development director, said.
However, GE, about a 10 million dollar revolving loan fund to make 25 million dollars put Phil Kuchma Lafayette Boulevard and Fairfield Avenue on the corner of the building included a stop is set for the developer. Work package structure of the existing building grant to continue to allow.
CHFA issued by the call of new business development and affordable housing for the combined use says. 15 private and nonprofit companies. CHFA for the proposal are invited to send in June
But CHFA, which companies to finance three new efforts to attract applicants in contrast to the previous call by the middle of the city are not limited.
"We at the Center, only a broad definition, I did not want to," Tim Bannon, CHFA's executive director, said. "Candidates do not disappear. Both of us from work."
He is the third project, GE is looking for the money involved for $ 200 million in shops and apartments nalegli the Harbor Yard complex. The plan was withdrawn by the developer.
Bannon said the GE money will not fund the entire project, but in May, to facilitate the financing necessary to make a joint venture.
"The lack of economic activities in the country, and want incentives it. Work with other sources of funding. We hope we can simply play a role in the development of viable financial project," said Bannon.
Eversley Bannon praised for its commitment to support in urban areas.
"I think the appointment Bannon is a real positive for the city of Bridgeport and the state space. The desc with his senior staff after it took the new position and support a meeting with [Mayor Bill Finch] and our team," said Eversley .
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