A small housing-conversion project in downtown Hartford that will add to the city’s pipeline of new housing units in the central business district has secured a state subsidy through the Capital Region Development Authority, officials said.
Developer David Elwell secured a $300,000 CRDA loan to go with $1.2 million in private equity, plus $250,000 in state historic tax credits, to finance conversion of a vacant former restaurant building at 36 Lewis Street into six residential units – four one-bed, two two-bed.
Demolition is already underway, with occupancy set for later this year.
According to CRDA, it has approved 934 downtown housing units, with 701 in construction, leasing or occupied.
