Housing Authority Buys Clock Shop
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Search for: Search Donate Menu Midbrow Valley Independent Sentinel LaVoz Hispana WNHH FM Events Calendar Home » Housing Authority Buys Clock Shop The vacant former clock factory at 133 Hamilton St., now under new ownership. Credit: Thomas Breen file photo Posted in Housing Housing Authority Buys Clock Shop by Dereen Shirnekhi July 30, 2026 4:28 pm July 30, 2026 5:13 pm Share this: Share on Facebook (Opens in new window) Facebook Share on X (Opens in new window) X The city’s housing authority has finally purchased the former Hamilton Street clock factory for a total of around $4 million, completing a major step in its long-in-the-works plan to turn the industrial property into 130 new homes.
Adding to this, That sale of 133 Hamilton St. — which took place between the now-former owner Taom Heritage New Haven LLC and the Housing Authority of the City of New Haven (HANH) — was finalized on Wednesday, according to city land records.
Meanwhile, The warranty deed does not include the final sale price. The housing authority board voted in August 2023 to buy the property for $4.5 million. HANH President Shenae Draughn told the Independent on Thursday that the property sold for $4.5 million.
Notably, Meanwhile, Bill Kraus — who controls Taom Heritage, the company that sold the ex-factory to the housing authority — told the Independent that the final sale price was actually $4 million. He shared the price dropped from $4.5 million to $4 million after the housing authority agreed to take on more of the property’s environmental remediation. Kraus estimated the property is “90 percent cleaned up.”
As per the latest buzz, For Kraus, the sale marks a milestone for a project he has been working on since 2009, for a property he has admired for decades.
In further updates, “It has certainly been a long time coming,” he told the Independent on Thursday. “I’m absolutely thrilled — it’s still sinking in.”
On top of that, “This is a tremendous opportunity for [Elm City Communities] to assist the City in achieving its goal of providing quality affordable housing and preserving this historically significant structure as well as promoting community and economic development by creating dozens of jobs for New Haven residents,” Draughn told the Independent in an email statement on Thursday.
The housing authority plans to transform the former clock factory into an approximately 130-unit residential community, where all units will serve low-income or moderate-income households. The project is expected to cost around $70 million, financed through a combination of tax-exempt private-activity bonds , 4% Low-Income Housing Tax Credits, federal and state Historic Tax Credits, and other public-private funding sources.
Source: New Haven Independent