Friday, April 25, 2014

Hurley Building Gets a Developer

Hurley Building Has Savior
A Middletown non profit development organization has agreed to purchase and develop 
the former Hurley block on Main Street.  The Women's Institute for Housing and Economic Development  has a 30 year, successful track record  developing safe, affordable, and supportive housing for individuals and families.

The development deal was facilitated by NCCDC, a Danielson economic development nonprofit lead by Rheo Brouillard. President and CEO of Savings Institute  Bank and Trust. 

The developer's proposal includes include ten market rate apartments, ten apartments reserved for veterans and retail on Main Street. Rehabilitation of the roof and exterior walls are scheduled to begin within weeks. A local bank has agreed to provided short term pre development financing to get this project started.

Where the financing comes from



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