Bonds proposed for Hartford and Saratoga Apartments
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Description
Pinellas County’s Housing Finance Authority is seeking Board approval for a TEFRA hearing to issue up to $25.5 million in multifamily housing revenue and taxable bonds for Hartford Owner, LLC. The financing will support acquisition, rehabilitation, and equipping of the Hartford and Saratoga Apartments affordable housing projects in St. Petersburg.
Contract Details
Contract Amount
Multifamily Housing Revenue Bonds not to exceed $7.65M (tax-exempt) and Taxable Multifamily Housing Revenue Bonds not to exceed $17.85M
Vendor
HARTFORD OWNER LLC
Agency
Pinellas Technical College-Clearwater, FL
Contract Type
FINANCIAL_SERVICES
Document Date
May 19, 2026
Contract Term
Not specified; bond-financed project with 50-year affordability restriction
Renewal Date
2076-12-31
Renewal Info
This is a new conduit bond financing; affordability will be enforced by a land use restriction agreement for a 50-year period.
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