ACQUISITION / PRESERVATION / REDEVELOPMENT

Flanders West Apartments

Constructed in 1978, the Flanders West Apartments are situated in a rural setting Southington, CT. The 145 units contained in two mid-rise elevator buildings are a mix of studio and one-bedroom apartments. This service-enriched senior property has community rooms in each building. One building’s community room has a fitness center, while the other has a computer lab with library and lounge area. Both community rooms provide resident programming and have small kitchens and adjoining outdoor patios


TOTAL COST
$ 18,625,000

DESCRIPTION
Flanders West is comprised of 51 studio and 94 one-bedroom units. All Flanders West households receive rental subsidies through a project-based Housing Assistance Payment contract with HUD.

FINANCING
The purchase price for the Flanders West Apartments was $18,000,000. Secured financing and funding or this project included:
$ 12,562,500 PNC Bank
$ 6,062,500 National Housing Preservation Fund




FOLLOW OUR COMMUNITY BUILDING

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NHPF’s diverse income and rent structure provides housing for a range of households from low to moderate income. Notwithstanding income levels, the same level of amenities and access to our services is offered to all residents.

This property is just one example of how NHPF’s commitment to affordable housing has helped American families.

ABOUT THE NHP FOUNDATION
Founded in 1989, The NHP Foundation strives to provide quality affordable multi-family housing and resident services for low to moderate income families. Since 1994, NHPF has acquired and preserved 78 properties, totaling 13,616 units, located in 19 states and the District of Columbia. Today, NHPF’s portfolio includes 47 properties, totaling 8,063 apartment units, in 15 states and the District of Columbia. NHPF also provides service programs to approximately 20,000 community residents.