<html>


<head>
<!-- Document Prepared With E-Services, LLC HTML Software-->
<!-- Copyright 2007 E-Services, LLC.-->
<!-- All rights reserved EDGAR2.com -->



<title>FIRST HARTFORD CORPORATION Form 8-K</title>



</head>

<body lang=EN-US>

<div style='page:Section1;'>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>&nbsp;</b></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'><b>&nbsp;</b></p>


<p class="MsoPlainText" align="center" style="text-align:center"><b>UNITED
STATES<br>
SECURITIES AND EXCHANGE COMMISSION<br>
Washington, D.C. 20549</b></p>
<p class="MsoPlainText" align="center" style="text-align:center"><b>FORM 8-K </b>
</p>
<p class="MsoPlainText" align="center" style="text-align:center"><b>CURRENT
REPORT<br>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</b></p>
<p class="MsoPlainText" align="center">Date of Report (Date of earliest event
reported)&nbsp; April 9, 2010</p>
<p class="MsoPlainText" align="center" style="text-align:center"><b>First
Hartford Corporation<br>
</b>(Exact name of registrant as specified in its charter)</p>
<div align="center">
	<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" id="table1" width="775">
		<tr>
			<td valign="top" style="border-bottom:1px solid #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			Maine</td>
			<td valign="top" style="border-bottom:1px solid #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			0-8862</td>
			<td valign="top" style="border-bottom:1px solid #000000; padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			01-00185800</td>
		</tr>
		<tr>
			<td valign="top" style="padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			(State or other jurisdiction of <br>
			incorporation)</td>
			<td valign="top" style="padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			(Commission<br>
			&nbsp;File Number)</td>
			<td valign="top" style="padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			(IRS Employer Identification No.)</td>
		</tr>
	</table>
</div>
<p class="MsoPlainText" align="center" style="text-align:center">&nbsp;</p>
<div align="center">
	<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse" id="table2">
		<tr>
			<td width="355" valign="bottom" style="border-bottom:1px solid #000000; width:266.4pt;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">149
			Colonial Road, <br>
			Manchester, Connecticut</td>
			<td width="299" valign="bottom" style="border-bottom:1px solid #000000; width:224.5pt;padding-left:5.4pt; padding-right:5.4pt; padding-top:0pt; padding-bottom:0pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			06040</td>
		</tr>
		<tr>
			<td width="355" valign="bottom" style="width:266.4pt;padding:0pt 5.4pt 0pt 5.4pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			(Address of principal executive offices)</td>
			<td width="299" valign="bottom" style="width:224.5pt;padding:0pt 5.4pt 0pt 5.4pt">
			<p class="MsoPlainText" align="center" style="text-align:center">
			(Zip Code)</td>
		</tr>
	</table>
</div>
<p class="MsoPlainText">Registrant's telephone number, including area code&nbsp;
(860) 646-6555</p>
<p class="MsoPlainText" align="center" style="text-align:center">(Former name or
former address, if changed since last report)</p>
<p class="MsoNormal">Check the appropriate box below if the Form&nbsp;8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (<i>see</i> General Instruction A.2. below): </p>
<p class="MsoNormal">[&nbsp;&nbsp;&nbsp; ] Written communications pursuant to
Rule&nbsp;425 under the Securities Act (17&nbsp;CFR 230.425) </p>
<p class="MsoNormal">[&nbsp;&nbsp;&nbsp;&nbsp;] Soliciting material pursuant to Rule&nbsp;14a-12 under
the Exchange Act (17 CFR 240.14a-12) </p>
<p class="MsoNormal">[&nbsp;&nbsp;&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-(b)) </p>
<p class="MsoNormal">[&nbsp;&nbsp;&nbsp;&nbsp;] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </p>
<p class="MsoNormal">&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<br clear=all
style='page-break-before:always'>


<div style='page:Section1;'>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:center; margin-left:0in; margin-right:0in; margin-top:0in'><b>&nbsp;</b></p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'><u>Financial Obligation
Matter</u></p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Item
2.03 &#150; Creation of a Direct Financial Obligation or an obligation under an Off
Balance Sheet arrangement of a Registrant.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>
Connolly and Partners, LLC (a 75% owned subsidiary of the Company) is a 49%
owner of a limited liability company (Clarendon Hill Somerville, LLC) which owns
..01% of and is the general partner of a partnership (Clarendon Hill Somerville
Limited Partnership) that acquired a 501 unit apartment complex on April 9,
2010.&nbsp; The property was purchased for approximately $20,728,000 by assuming
existing debt totaling $20,385,000 plus a cash payment.&nbsp; The previous owner has been given a
51% interest in Clarendon Hill Somerville, LLC.&nbsp; Connolly and Partners, LLC
however, is the managing member.&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
cost of a construction contract of approximately $20,853,000 for the
rehabilitation of the project by EH&amp;NU, Inc. (a wholly owned subsidiary of
the Company) is included in the total budget.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
Limited Partners are investing approximately $12,350,000 and will receive all
but one, one hundredth of the Low Income Housing Tax Credits.&nbsp; </p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
total use of funds required for this project amounts to approximately $62,126,000.00.&nbsp;
These funds are allocated to be used as follows:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:0in;border-collapse:collapse' width="80%" id="table3">
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Acquisition
  Cost</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>$20,728,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Construction
  Contract</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>20,853,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Construction
  Contingency</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,086,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Professional
  Fees</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,100,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Construction
  Interest &amp; Financing Fees</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>3,671,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Real
  Estate Taxes and Insurance</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,227,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Other
  Cost</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,170,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Soft
  Cost Contingency</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>632,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Capitalized
  Reserves</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>5,459,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Developer
  Fee</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><u>&nbsp;&nbsp;&nbsp; 4,200,000</u></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>$62,126,000</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
source of funds for the above items are as follows:</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<div align=center>

<table class=MsoNormalTable border=0 cellpadding=0
 style='margin-left:0pt;border-collapse:collapse' width="80%" id="table4">
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Assumed
  Debt</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>$20,385,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Equity
  of Limited Partners</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>12,350,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Mass
  Housing Finance Agency (MHFA)</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>21,400,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Capital
  Improvement Preservation Fund</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>2,000,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Operating
  Income From Property</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>3,610,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>Property Reserves borrowed
  from Seller</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>1,460,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Grants</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>436,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Deferred
  Development Fee</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>300,000</p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Transfer
  of Tax and Insurance Escrows</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'><u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185,000</u></p>
  </td>
 </tr>
 <tr>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>
  </td>
  <td valign=top style='padding-left:5.4pt; padding-right:5.4pt; padding-top:0in; padding-bottom:0in'>
  <p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:right; margin-left:0in; margin-right:0in; margin-top:0in'>$62,126,000</p>
  </td>
 </tr>
</table>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>Connolly
and Partners, LLC will reserve a development fee of $4,200,000 of which
$300,000 will be deferred to fund a projected shortfall in the total source of
funds.&nbsp; The balance of the fee is not payable until January 2012 at the
earliest.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>FHRC
Management Corp. (a wholly owned subsidiary of the Company) will receive a
onetime $300,000 special management fee which will be utilized to fund part of
a construction guarantee requirement.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
main pieces of the financing are the assumption of approximately $15,300,000
mortgage which will self amortize in December 2030 with an interest rate of
5.59% plus mortgage insurance of .50%.&nbsp; A new mortgage from MHFA in the amount
of $21,400,000 bears interest of 6.03% plus mortgage insurance of .45%.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>The
balance of the loans and interest are not due until maturity.&nbsp; Interest ranges
from 1-5 &frac12;%.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;text-align:justify; margin-left:0in; margin-right:0in; margin-top:0in'>There
is a completion assurance agreement in which both the Company and Neil Ellis
(the President of the Company) guaranteed completion of the renovation.&nbsp; The
Guarantee is in the amount of $1,042,640.&nbsp; Additionally, with the consent of
the non controlled member of CP Associates, LLC certain marketable
securities and cash of CP Associates with a market value of approximately
$1,250,000 have been used as collateral for a bank Letter of Credit of $819,920
which was part of the collateral for the completion assurance agreement.&nbsp; The
excess over the $819,920 is being utilized as collateral on the corporate
guarantee.</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>FHRC Management will
continue on as the property manager and receive a 4% management fee on rents
collected.<font size="3"> </font></p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>
<p style='margin-bottom:.0001pt;font-size:12.0pt;font-family:Times New Roman;margin-left:0in; margin-right:0in; margin-top:0in'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:center'>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<font face="Times New Roman">

<br clear=all
style='page-break-before:always'>


</font>


</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:Calibri;text-align:justify'>&nbsp;</p>

</div>


<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";' align="center">
SIGNATURES</p>
<p class=MsoNormal style='text-align:justify;'>April 23, 2010</p>
<p class=MsoNormal style='text-align:justify;'><b>First Hartford Corporation</b></p>
<p class=MsoNormal style='text-align:justify;'>/s/ <u>Stuart I. Greenwald&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> <br>
&nbsp;&nbsp;&nbsp;&nbsp; Stuart I. Greenwald<br>
&nbsp;&nbsp;&nbsp;&nbsp; Treasurer and Secretary</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>
<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";'>&nbsp;</p>

<div style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:center'>

<hr size=2 width="100%" noshade color=navy align=center>

</div>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";line-height:1.0pt'>&nbsp;</p>

<p style='margin:0in;margin-bottom:.0001pt;font-size:12.0pt;font-family:"Times New Roman";text-align:justify'>&nbsp;</p>

</div>

</body>

</html>
[{"type": "8-K", "sequence": "1", "filename": "esfirsthartford.htm", "secsgml_size_bytes": 30548}]
{"company-data": {"conformed-name": "FIRST HARTFORD CORP", "cik": "0000036369", "assigned-sic": "6500", "irs-number": "010185800", "state-of-incorporation": "ME", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-08862", "film-number": "10767689"}, "business-address": {"street1": "149 COLONIAL RD", "city": "MANCHESTER", "state": "CT", "zip": "06045-1270", "phone": "8606466555"}, "mail-address": {"street1": "149 COLONIAL RD", "city": "MANCHESTER", "state": "CT", "zip": "06045-1270"}, "former-company": {"former-conformed-name": "WYANDOTTE INDUSTRIES CORP", "date-changed": "19880803"}}
FIRST HARTFORD CORPORATION Form 8-K
UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported)  April 9, 2010
First
Hartford Corporation
(Exact name of registrant as specified in its charter)
Maine
0-8862
01-00185800
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(IRS Employer Identification No.)
149
			Colonial Road,
Manchester, Connecticut
06040
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code 
(860) 646-6555
(Former name or
former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is
intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions (
see
General Instruction A.2. below):
[    ] Written communications pursuant to
Rule 425 under the Securities Act (17 CFR 230.425)
[    ] Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
[    ] Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-(b))
[    ] Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Financial Obligation
Matter
Item
2.03 – Creation of a Direct Financial Obligation or an obligation under an Off
Balance Sheet arrangement of a Registrant.
Connolly and Partners, LLC (a 75% owned subsidiary of the Company) is a 49%
owner of a limited liability company (Clarendon Hill Somerville, LLC) which owns
..01% of and is the general partner of a partnership (Clarendon Hill Somerville
Limited Partnership) that acquired a 501 unit apartment complex on April 9,
2010.  The property was purchased for approximately $20,728,000 by assuming
existing debt totaling $20,385,000 plus a cash payment.  The previous owner has been given a
51% interest in Clarendon Hill Somerville, LLC.  Connolly and Partners, LLC
however, is the managing member.
The
cost of a construction contract of approximately $20,853,000 for the
rehabilitation of the project by EH&NU, Inc. (a wholly owned subsidiary of
the Company) is included in the total budget.
The
Limited Partners are investing approximately $12,350,000 and will receive all
but one, one hundredth of the Low Income Housing Tax Credits.
The
total use of funds required for this project amounts to approximately $62,126,000.00. 
These funds are allocated to be used as follows:
Acquisition
  Cost
$20,728,000
Construction
  Contract
20,853,000
Construction
  Contingency
2,086,000
Professional
  Fees
2,100,000
Construction
  Interest & Financing Fees
3,671,000
Real
  Estate Taxes and Insurance
1,227,000
Other
  Cost
1,170,000
Soft
  Cost Contingency
632,000
Capitalized
  Reserves
5,459,000
Developer
  Fee
4,200,000
$62,126,000
The
source of funds for the above items are as follows:
Assumed
  Debt
$20,385,000
Equity
  of Limited Partners
12,350,000
Mass
  Housing Finance Agency (MHFA)
21,400,000
Capital
  Improvement Preservation Fund
2,000,000
Operating
  Income From Property
3,610,000
Property Reserves borrowed
  from Seller
1,460,000
Grants
436,000
Deferred
  Development Fee
300,000
Transfer
  of Tax and Insurance Escrows
185,000
$62,126,000
Connolly
and Partners, LLC will reserve a development fee of $4,200,000 of which
$300,000 will be deferred to fund a projected shortfall in the total source of
funds.  The balance of the fee is not payable until January 2012 at the
earliest.
FHRC
Management Corp. (a wholly owned subsidiary of the Company) will receive a
onetime $300,000 special management fee which will be utilized to fund part of
a construction guarantee requirement.
The
main pieces of the financing are the assumption of approximately $15,300,000
mortgage which will self amortize in December 2030 with an interest rate of
5.59% plus mortgage insurance of .50%.  A new mortgage from MHFA in the amount
of $21,400,000 bears interest of 6.03% plus mortgage insurance of .45%.
The
balance of the loans and interest are not due until maturity.  Interest ranges
from 1-5 ½%.
There
is a completion assurance agreement in which both the Company and Neil Ellis
(the President of the Company) guaranteed completion of the renovation.  The
Guarantee is in the amount of $1,042,640.  Additionally, with the consent of
the non controlled member of CP Associates, LLC certain marketable
securities and cash of CP Associates with a market value of approximately
$1,250,000 have been used as collateral for a bank Letter of Credit of $819,920
which was part of the collateral for the completion assurance agreement.  The
excess over the $819,920 is being utilized as collateral on the corporate
guarantee.
FHRC Management will
continue on as the property manager and receive a 4% management fee on rents
collected.
SIGNATURES
April 23, 2010
First Hartford Corporation
/s/
Stuart I. Greenwald
Stuart I. Greenwald
Treasurer and Secretary