Category: 33 Sargeant Street
The MetroHartford Alliance organized a press event today to announce the new and improved Homeownership Incentive Program (HIP). The event was held in the front yard of 33 Sargeant Street, NINA’s first new construction project that was sold to first time homebuyer Tiana Hercules and her family back in January.
The event announced in part the passage of SB 67, “An Act Concerning Revisions to the Baning Statues,” which clarified that the HIP lien that guarantees that the HIP recipient will occupy the home they purchased would not run afoul of existing statutes regulating mortgages. This bill permitted the corporations to proceed with HIP and to engage NINA and Southside Institutions Neighborhood Alliance (SINA) as administrators for the program. Multiple Hartford corporations and institutions will now offer $10,000 to employees who buy homes in Hartford, and the hope is that the program will encourage people to view Hartford as a place to live, even if they don’t choose to do so.
Speakers at the event included Oz Griebel, executive director, MetroHartford Alliance; Dannel Malloy, Governor, Connecticut; Pedro Segarra, Mayor, Hartford; Howard Pitkin, commissioner, State Department of Banking; Chris Montross, Aetna; and Tiana Hercules, NINA homeowner and host of the press event.
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