Hartford Extends Village at Park River Redevelopment Deal
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Description
The Housing Authority of the City of Hartford Board approved Resolution 2026-05 extending the Village at Park River redevelopment agreement with the Penrose–Cloud development team for an additional two years. The extension allows continued financing and design work, potential commercial and homeownership components, and preserves existing termination rights.
Contract Details
Vendor
PENROSE–CLOUD
Agency
Housing Authority of the city of Hartford, CT
Contract Type
CONSTRUCTION
Document Date
February 24, 2026
Contract Term
Two-year extension of development rights beyond original April 2016 agreement term
Renewal Info
Original development agreement executed in April 2016 was extended by two years to continue development rights for remaining portions of the Village at Park River site without altering existing termination provisions.
Issuing Agency
Local Housing Authority
Hartford, CT
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