Appraisal Gap Program

CCEDA is working with the City of Hartford and corporate and community partners to restore neighborhood homes, many of which are architecturally valuable, for owner occupants. Through an appraisal gap financing program, developers are able to rehabilitate buildings such as the row of charming brick "perfect sixes" and sell them to owners who have a commitment to occupy and maintain their properties.

In June, 2001, several revitalized units on Hartford's Mortson Street were introduced to the public. Some of the properties had been sold before completion. In addtion to the effort to increase owner occupancy in dozens of neighborhoods throughout the City, Hartford and the State are agressively mothballing buildings that require repair and additional investment, or removing those that are beyond repair and hinder the recovery of their surrounding areas.

Neighborhood Housing

CCEDA is working with Hartford's administration to ensure continued progress of our mutual efforts to address the housing needs of city neighborhoods. The City has demonstrated its dedication and commitment to the identified Neighborhood Revitalization Zones, (NRZ), working closely with representatives, developers and CCEDA, to demolish dilapidated structures, preserve those properties found fit for future redevelopment and determining feasible projects that create opportunities for increased homeownership.

You can find more information on the Appraisal Gap Program on the City of Hartford's website.

For information on the Neighborhood Revitalization Zone Program, visit the Office of Policy and Management website.