The Simon Konover Company News
Industria Commons and Brytania Square Receive National Award
Industria Commons and Brytania Square was selected to receive an Honorable Mention in the Public Housing category for the 2015 Charles L. Edson Tax Credit Excellence Awards competition sponsored by the Affordable Housing Tax Credit Coalition.
The 21st annual Charles L. Edson Tax Credit Excellence Awards were presented in a ceremony held Wedneday, June 10, 2015 at the Capitol Building Visitor Center in Washington, DC. The award recognizes the best in affordable housing developments nationwide. The award was presented by the Affordable Housing Tax Credit Coalition; a trade organization of housing professionals who advocate for affordable rental housing financed using the Low-Income Housing Tax Credit.
Completed in October, 2014, Industria Commons and Brytania Square are the culmination of a decade-long public-private partnership that transformed the former Corbin Heights and Pinnacle Heights Extension housing projects into two modern and welcoming residential neighborhoods in New Britain, Connecticut.
The $80+ million dollar project included the renovation and demolition of the World War II era housing and the construction of 301 new modern homes. The project was financed in part by Low Income Housing Tax Credit proceeds administered by Connecticut Housing Finance Authority (CHFA). National Equity Fund served as the tax credit syndicator, with equity investors JP Morgan Chase and TD Bank for the former Corbin Heights and the former Pinnacle Heights Extension projects respectively. Additional financing was provided through CHFA and Connecticut’s Department of Economic and Community Development.
The Simon Konover Company is the developer-owner of the housing community. Haynes Construction of Seymour served as the general contractor for the Corbin Heights project. D’Amato Builders of Norwich was the general contractor for Pinnacle Heights Extension. Paul B. Bailey Architect, LLC provided architectural services. Konover Residential Corporation provides property management services for the housing community.
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