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Mortgage committee recommends financing for 55 Kondracki Lane in Wallingford
Summary
The CHFA Mortgage Committee unanimously voted to recommend Board approval of financing for 55 Kondracki Lane, a Wallingford multifamily property. The motion was moved by Gregory Ugalde and seconded by Sean Williams; no dissent was recorded.
The Connecticut Housing Finance Authority Mortgage Committee voted unanimously to recommend that the Board of Directors consider a financing resolution for 55 Kondracki Lane in Wallingford.
Sarah Simonelli, Underwriter 3, Multifamily, presented the resolution authorizing the proposed financing and led the committee discussion of the project's terms and suitability. "Ms. DeWyngaert called the meeting to order at 10:31 AM" appears in the minutes as the meeting opening prior to the presentation. Following discussion, Mr. Ugalde moved to recommend the financing and Mr. Williams seconded; the motion passed unanimously among the members present.
The minutes record the committee's procedural recommendation only; final approval of the financing requires action by the CHFA Board of Directors. The committee's vote to recommend the resolution is recorded in the minutes as a formal committee action to be forwarded to the Board.
