It has been a quiet winter, but the Goshen Housing Trust (GHT) has been hard at work on its project to acquire the Village Marketplace and improve it as a center for living and commerce in Goshen.
We began the year with terrific news on project funding. As previously reported, our plan is to raise $1 million in grant funds to pay for renovations and upgrades to the residential units at Village Marketplace. It is important that we do this work with grant funds that do not need to be repaid to help keep the rents affordable. Just before the holidays, we received word that we were awarded a $500,000 grant from the privately-funded Federal Home Loan Bank of Boston. This was a very competitive grant; GHT is one of only 4 recipients in the State of Connecticut for 2020.
We continue to work to raise the remaining funds needed and are optimistic that we will be able to proceed with closing on the purchase of Village Marketplace on-schedule, sometime early this summer.
In the meantime, a team of professionals has begun to develop plans for the renovations.
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