Countryside Apartments (I & II)

Affordable Housing in Wolcott, Connecticut

Countryside Apartments, constructed in two phases from 1982-1983, is situated in a rural setting near the Scoville Reservoir in Wolcott, CT. The 109 units contained in 16 garden-style buildings are primarily one-bedroom apartments. Countrywide is a service-enriched senior property. A separate building houses the management and maintenance functions as well as a community room. Community amenities in that building include a wellness center, a computer area, a lunch program for residents, an on-site resident services coordinator, and ongoing educational programming for all residents.

Total Cost

$11,328,000

Description
Countryside is comprised of 106 one-bedroom units and three two-bedroom units. 100% of households receive rental subsidy through a project based Housing Assistance Payment contract with HUD.

Financing
The purchase price for Countryside Apartments (I & II) was $10,750,000.

$7,768,000PNC Bank
$3,560,000National Housing Preservation Fund