NHPF Builds Connecticut

Bayview Towers 300 Tresser Boulevard, Stamford, CT 06901 / 200 units

Built in 1973, Bayview Towers was in need of substantial, occupied renovation. The financing for this project included tax-exempt bod permanent debt, seller financing, Federal LIHTC equity, existing property reserves, and Connecticut Housing Contribution Credits contributed by Connecticut Light and Power. The major work done during the full on-site

relocation process included kitchen and bathroom upgrades, energy efficient appliances, new flooring, replacement of domestic and sanitary plumbing lines, new windows, new electrical panels, new AC units, new roofs, conversion of a portion of units to be handicap accessible, exterior concrete repairs and reinforcements, energy efficient lighting, and a new look for the exterior of the buildings

Exchange Place Tower 44 Center Street, Waterbury, CT 06702 / 150 units

NHPF completed the $13 million purchase of Waterbury, CT senior affordable property Exchange Place Tower in the summer of 2020. The original construction of the building was made possible with rental assistance support from the U.S. Department of Housing and Urban Development and its residents continue to benefit from the rental assistance program. NHPF began extensive renovations on the

150-unit property directly following acquisition, remodeling kitchens and bathrooms, and installing new energy efficient windows, accessibility improvements, and fixtures that use less electricity and water. Renovation of Exchange Place Tower is projected to be completed in the fall of 2021. Exchange Place Tower has facilities that allow for on-site healthcare activities including wellness visits. As part of the renovation, Exchange Place Tower will also become more sustainable: Eversource, the regional energy utility, is assisting in converting the property from an oil-fired heating and hot water system to a new, highly energy efficient natural gas- fired system.

NHPF BUILDS CONNECTICUT