HIP Guidelines
Eligible
Developers | Nonprofit
housing developers that have been pre-approved by the Support
Collaborative.
Eligible
Projects | One-to-four
family existing properties in Hartford and infill new construction projects in
the six neighborhoods listed below under funding priorities. The project must be developed for sale
to owner-occupants. Construction costs must constitute at least 50% of the
project’s total development costs.
Grant
Amount | Incentive
grants will range from $2,500 to $10,000 per unit depending on the cost the
project and funding availability.
Funding
Priorities | First
priority will be given to projects involving the rehabilitation of existing
one-to-four unit properties in neighborhoods where the rate of owner-occupancy
is low including: Asylum Hill, Clay Arsenal, Frog Hollow, Northeast, South Green
and Upper Albany. Second priority
will be given to high impact properties in targeted areas where the project
reinforces investment by the city or completes a comprehensive development plan
that is underway and where funds for the project are in-place so that the
project will be complete within 12 months.