The Hartford Land Bank identifies and acquires vacant, abandoned, tax-delinquent and/or distressed properties in the City of Hartford, Connecticut, to steward their rehabilitation and return to productive community assets. Hartford Land Bank, Inc. is a non-profit corporation.
Hartford Land Bank’s
Developer Cohort Training
The Hartford Land Bank is committed to working with our community members to revitalize and build wealth in our neighborhoods.
In 2021 we launched our first free Hartford Developer Cohort Training Program to offer Hartford residents an equitable opportunity to participate in growing wealth while preserving our community’s history and culture.
We sought Hartford residents who had either a construction background and wished to become construction managers, and individuals who had business acumen and wished to become project managers.
In 2023, we expanded the program to a five-week training. Through this intensive course, the cohort members were in a better position to apply for and potentially acquire one of our properties to develop with special financing and on-going technical assistance.
Dates for future training have not yet been announced.
Important Program Details:
1) Participants each pay a refundable $100 deposit, which is returned to them upon successful completion of the training.
2) For participants who have children, we provide FREE childcare during the training sessions, if needed.
3) We do not ask any questions related to credit history. However, once selected, we will work with all applicants to ensure they have the credit necessary to receive project financing.
The Program Includes Seminar Topics Such As:
1) Building a budget, including developing proformas, and identifying sources and uses of funds.
2) Procurement of materials.
3) Tracking development costs and sticking to a budget.
4) Working with city government (zoning, inspection, permits, and licenses).
5) Development strategies & building a team.
6) L.L.C. formation (creating a business model & plan).
7) Construction site visits with experienced project managers and construction managers.
Eligibility Requirements:
Candidates should:
1) Be a Hartford resident aged 18 years or older.
2) Be actively working to further their careers and/or the desire to seek opportunities in real estate development.
3) Commit to attending each session on time and in full.
4) Have a commitment to creating homeownership in Hartford.
5) Be able to commit to an additional 10 hours outside of the classroom to complete assignments and have team meetings.
6) Work well with others and be open to collaboration.
7) Comply with all fair housing and market regulations.
8) Submit their application no later than 11:59 pm on the due date. The application portal closes at 12 midnight.