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. $12.9MDevelopment 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
