Brytania Square and neighboring property, Industria Commons, once housed 849 apartments in New Britain, Connecticut, developed under a state rental housing program in the 1940’s/50’s. After many years, it became apparent that these two World War II era housing properties formerly known as Corbin and Pinnacle Heights needed sweeping changes and so a plan for a modern community was created.
Four of Brytania Square’s 12 two-story buildings were demolished and replaced with 14 apartments in seven new structures. The remaining eight buildings were completely gutted and rehabilitated, creating 52 apartments. The 62 three- and four four-bedroom apartments are affordable to families earning at or below 25-60 percent of Area Median Income. Eighteen units receive operating subsidies via the Department of Social Services Rental Assistance Program.
Third-party service provider, Tovah, assists residents in obtaining goals and achieving and maintaining successful residency. Annual assessments help develop a service plan for each household, which includes a customized combination of case management, education and employment, financial management and mental health services in addition to community building programs and initiatives.
National Equity Fund® invested $9.4 million of LIHTC equity in the Brytania Square portion through its proprietary fund with TD Bank, N.A. The development is the third partnership with sponsor, The Simon Konover Company.