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According to the Hartford Business Journal, Connecticut’s new Connecticut Municipal Development Authority is preparing its first loan, a $9.36 million, 3% financing package, to support a $53 million redevelopment of 3.8 acres at the former Bigelow‑Sanford mill site at 33 North River St. in Enfield. The project, led by Honeycomb Real Estate Partners and Grava Properties, will deliver 156 apartments next to the planned Hartford Line rail station, with 20% of units reserved at workforce rents.

Click Here: CT’s new $90M development agency poised to make first loan in Enfield redevelopment for more information.