City of Hartford Hybrid Public Hearing Agenda April 2026
Hartford to Sell 97 Ashley to NINA for Affordable Homes
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Description
The City of Hartford intends to convey the vacant 97 Ashley Street parcel to Northside Institutions Neighborhood Alliance (NINA) for $1.00 to create three new 1–3 family homes, two of which will be affordable to households at or below 120% AMI. The Mayor is empowered to finalize a Purchase and Sale Agreement after due diligence, permitting, and financing, with long-term owner-occupancy covenants and community benefit requirements.
Contract Details
Contract Amount
$1.00
Vendor
NORTHSIDE INSTITUTIONS NEIGHBORHOOD ALLIANCE (NINA)
Agency
City of Hartford, CT
Contract Type
FACILITIES
Document Date
April 20, 2026
Contract Term
90-day due diligence period, with up to one 90-day extension; 15-year owner-occupancy covenant for end buyers of units
Renewal Info
Agreement includes a 90-day due diligence period with an optional extension of up to 90 days; completed properties must be sold to owner-occupants with a minimum 15-year occupancy requirement, and early sale requires City approval and repayment of the subsidized portion of the transaction.
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