Council approves loan subordination with Torrington Savings Bank
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Description
The City Council approved a subordination request from Torrington Savings Bank for the Small Cities program property at 84 Pleasant Street, enabling needed property repairs. The action followed unanimous support from the Small Cities Committee and the Treasurer’s recommendation.
Contract Details
Vendor
TORRINGTON SAVINGS BANK
Agency
Torrington Housing Authority, CT
Contract Type
FINANCIAL_SERVICES
Document Date
September 15, 2025
Renewal Info
One-time approval of mortgage/loan subordination; no renewal terms provided.
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