Flanders West Apartments

Affordable Housing in Southington, Connecticut

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:

$12,562,500PNC Bank
$6,062,500National Housing Preservation Fund

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