2002 Section 108 Project Summary - Connecticut

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Economic Development

MILLER & BRIDGE STREET REDEVELOPMENT PROJECT ENTERS SECOND PHASE
Middletown CT Miller & Bridge Street Project $300,000

The City of Middletown has commenced Phase II of the City's Miller and Bridge Street Redevelopment Plan and will utilize an award of $300,000 in Section 108 loan guarantee to assist in financing acquisition of real property, relocation of residents and clearance of structures in the blighted area. All structures are within 100 feet of existing railroad tracks and freeways. There are a total of 29 lots, 22 principal buildings, 36 residential units (rental and owner-occupied), a church and a restaurant in the neighborhood. The Section 108 fund will primarily pay for acquisition of 3 properties.