Woodcrest Elderly Housing Expansion Phase II
Somers Housing Authority www.somershousingauthority.com
53-75 Battle Street, Somers CT
Project Characteristics:

  • 34 newly-constructed one-bedroom units in one large two-story building
  • 26 newly-constructed garden-style 
  one-bedroom units
  • All units are targeted to low- to moderate-income elderly persons (i.e., 60% or lower Area Median Income)
  • All units are 800+ sq. ft. with laundry hook-ups; large building features on-site community/recreation room
Project Funding Sources:

$3.2M - CHFA 4% Low-Income Housing Tax Credits
(Alliant Capital - Syndicator)
   $7M -   CHFA  Bond Financing during Construction
         
  • $6.2M - DECD HOME and Flex Funds
  • $2.25M - Rockville Bank Permanent Mortgage
  • $400K - Federal Home Loan Bank AHP Funds
  • $500k - HTCC Tax Credits / CL&P

Total Development:   approx. $12.9M

 
Development Team:

  • Somers Housing Authority                    
  • Real Estate Diagnostics, Inc.
  • Wiggin and Dana, LLP
  • Henry Schadler Associates - Architect
  • Alca Construction - General Contractor
  • WINN Management Company
Garden Style One Bedroom Units
Facing Large Building with 34 one bedroom units
Road through Phase I into Phase II