Connecticut Department of Housing Awards Financial Services Contract to Hexagonal Development Llc (May 2026)

Connecticut Housing Finance Authority approved up to $8.81 million in construction-to-permanent mortgage financing for Hexagonal Development LLC for a 66-unit affordable housing project at 55 Kondracki Lane, Wallingford. The loan includes a 10-month interest-only construction period, followed by 40 years amortization, contingent upon various compliance and funding conditions.

Scope & details

The full contract record, as filed.

Contract amount

Construction-to-permanent loan not to exceed $8,810,300

Contract type

FINANCIAL_SERVICES

Contract term

Interest-only for up to 10 months, then amortized over 40 years, with key actions permissible at year 15 and 20; requirements to close by February 28, 2027

Renewal date

2067-02-28

Renewal

Loan must close by February 28, 2027 unless extended for good cause; prepayment allowed on/after year 15 or year 20 with 1% fee.

Document type

Minutes

Source document

Connecticut Housing Finance Authority Board of Directors Meeting Minutes 2026-05-21

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Connecticut Housing Finance Authority Board of Directors Meeting Minutes 2026-05-21

APPROVED

Connecticut Housing Finance Authority, ConnecticutNot to exceed $8,810,300 (construction-to-permanent loan; converts to approximately $4,034,000 permanent loan)May 21, 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Connecticut Department of Housing?

Hexagonal Development Llc was awarded this financial services contract by Connecticut Department of Housing, as recorded on May 21, 2026. The contract value is Construction-to-permanent loan not to exceed $8,810,300.

How much is the Hexagonal Development Llc contract with Connecticut Department of Housing worth?

The Hexagonal Development Llc contract with Connecticut Department of Housing is valued at Construction-to-permanent loan not to exceed $8,810,300, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Connecticut Housing Finance Authority Board of Directors Meeting Minutes 2026-05-21 (Minutes), dated May 21, 2026 from Connecticut Department of Housing. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Hexagonal Development Llc hold?

Hexagonal Development Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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