Week 54: What’s going on with the purchase of Avalon? John Engel’s Real Estate Column for the New Canaan Sentinel
The New Canaan Housing Authority (a non-profit corporation) is attempting to purchase Avalon New Canaan, 9.1 acres, 10 buildings, 104 units, currently with only 7 vacancies starting at $4,030 per month (for a 2-bedroom) WHY THE HOUSING AUTHORITY? The New Canaan Housing Authority (HANC) has statutory authority to issue bonds, acquiring and managing real estate […]