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Projected price tag for redevelopment of Hartford's Martin Luther King apartments jumps $12.7M

Projected costs of a pending redevelopment of the Martin Luther King affordable housing complex into a mixed-income community have jumped from $50 million to $62.7 million in a little more than a year. Project organizers blame inflation and rising interest rates, which have forced adjustments to the number of units and ratio of affordable to market rate apartments. 
Emily Wolfe Martin Luther King Vesta Corp Us Department Of Housing Capital Region Development Authority Sheldon Oak Central

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