FINANCIAL_SERVICESPENDING

town-of-enfield-marketplace-projected-credit-enhancement-agreement-calculation_536.pdf

Projected TIF Credit Enhancement for Woodsonia Marketplace

Up to $23,500,000 in TIF-backed credit enhancement (100% of TIF up to $19,500,000; 50% of TIF from $19,500,001 to $23,500,000)Housing Authority of the Town of EnfieldWOODSONIAMay 9, 2026

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Description

The Town of Enfield has modeled a projected Credit Enhancement Agreement for The Marketplace project with developer Woodsonia, under which TIF revenues from increased property taxes would provide up to $23.5 million in credit enhancement support. The projection shows 100% of TIF revenues up to $19.5 million and 50% of TIF revenues from $19.5 million to $23.5 million flowing to Woodsonia over approximately FY2037–FY2046.

Contract Details

Contract Amount

Up to $23,500,000 in TIF-backed credit enhancement (100% of TIF up to $19,500,000; 50% of TIF from $19,500,001 to $23,500,000)

Vendor

WOODSONIA

Agency

Housing Authority of the Town of Enfield, CT

Contract Type

FINANCIAL_SERVICES

Document Date

May 9, 2026

Contract Term

Fiscal Years 2037–2046 (projected)

Renewal Info

One-time credit enhancement structure tied to cumulative TIF thresholds of $19,500,000 and $23,500,000; no explicit renewal terms are described in the projection.