May 15, 2019
New Britain, CT
Partner: Chrysalis Center, Inc.
Equity Investment: $3,140,471
Total Development Cost: $7,746,853
Courtland Arms is an existing vacant historic 4-story building that will be rehabbed into 24 residential units, laundry room, management office and community spaces. The units will serve 25%-60% AMI residents in addition to three 80% AMI units under the new income averaging. Built in 1925 as a multifamily apartment building, Courtland has been vacant since the mid-90’s.