WTNH News Channel 8 / News / 1999

	Housing Loan Investigation Delayed (Hartford-AP) _ A key investigation into the financial dealings of prominent city businessman and housing rehabilitation official Arthur T. Anderson will require more time. Donald E. Frechette, a lawyer hired by the Capitol Housing Finance Corp., had been expected to deliver a report on his investigation Wednesday. However, Frechette said the meeting was postponed because he had not reached any conclusion and he probably would need another 30 days. Frechette, in addition to city and state officials, is looking into Anderson's handling of more than $800,000 in housing rehabilitation loans over the past 12 years to Doris Ford and her company, Personal Management Inc. The investigations were launched after disclosures in December that Anderson had arranged loans of state and corporate money for Ford while carrying on a 20-year relationship involving sex and cash payments to her. Anderson had said his relationship never compromised the integrity of his business dealings. Investigations by the FBI and US Attorney Stephen Robinson found no evidence Anderson did anything illegal. Anderson had considered stepping down as chairman of the Capitol City Economic Development Authority. Governor John Rowland had given him the job overseeing the management of hundreds of millions of dollars in state assistance for Hartford. In late December, the state auditors and Attorney General Richard Blumenthal launched separate investigations, which later became a joint effort that continues. A spokesman for the state Department of Economic and Community Development said the department's review of Anderson has not ended. The department channeled state loan money through CHFC, a lending arm of the city's business leaders that hired Anderson's company, Imagineers, to make the loans. Ford got more than $600,000 in state and corporate loans through CHFC and more than $200,000 in federal funds from the city. Her housing projects failed, and none of the loans were repaid. Today's News Page. WTNH Home Page. ©1999 WTNH/WTNH-DT A LIN station.

Housing Loan Investigation Delayed
(Hartford-AP) _ A key investigation into the financial dealings of prominent city businessman and housing rehabilitation official Arthur T. Anderson will require more time.

Donald E. Frechette, a lawyer hired by the Capitol Housing Finance Corp., had been expected to deliver a report on his investigation Wednesday.

However, Frechette said the meeting was postponed because he had not reached any conclusion and he probably would need another 30 days.

Frechette, in addition to city and state officials, is looking into Anderson's handling of more than $800,000 in housing rehabilitation loans over the past 12 years to Doris Ford and her company, Personal Management Inc.

The investigations were launched after disclosures in December that Anderson had arranged loans of state and corporate money for Ford while carrying on a 20-year relationship involving sex and cash payments to her.

Anderson had said his relationship never compromised the integrity of his business dealings.

Investigations by the FBI and US Attorney Stephen Robinson found no evidence Anderson did anything illegal.

Anderson had considered stepping down as chairman of the Capitol City Economic Development Authority. Governor John Rowland had given him the job overseeing the management of hundreds of millions of dollars in state assistance for Hartford.

In late December, the state auditors and Attorney General Richard Blumenthal launched separate investigations, which later became a joint effort that continues.

A spokesman for the state Department of Economic and Community Development said the department's review of Anderson has not ended. The department channeled state loan money through CHFC, a lending arm of the city's business leaders that hired Anderson's company, Imagineers, to make the loans.

Ford got more than $600,000 in state and corporate loans through CHFC and more than $200,000 in federal funds from the city. Her housing projects failed, and none of the loans were repaid.

Today's News Page.

WTNH Home Page.