Senator Kissel Applauds Expected State Funding For Woodcrest Elderly Housing

January 27, 2009

Senator John A. Kissel (R-7) announced that the State Bond Commission is expected to approve much-needed funding to defray the cost of rehabilitating and expanding the Woodcrest Elderly Housing facility in Somers.

When the State Bond Commission meets Friday, it is expected to approve an $878,050 grant-in-aid to the Somers Housing Authority to help with the cost of conserving 52 existing units and creating 34 new units of elderly housing. The Somers Housing Authority will loan the funds to Woodcrest Elderly Housing Limited Partnership in a non-amortizing 40-year loan with one percent deferred interest.

Senator Kissel said he has been working with local and state officials for several months to help secure this funding.

“I want to thank Governor Rell for supporting the town of Somers’ efforts to provide quality affordable housing to low income elderly adults. The Town of Somers has stepped forward by donating land for this project and state and local officials have worked together to secure state and federal funding. This latest bond allocation brings us one step closer to making Woodcrest’s expansion project a reality,” said Senator Kissel. “I also want to thank Representative Penny Bacchiochi (R-52) for her tireless efforts on behalf of the good people of Somers and the seniors who call Woodcrest their home.”

Woodcrest Elderly Housing is the largest development completed by the Somers Housing Authority. Wood Crest Senior Housing which consists of 52 affordable elderly rental units was built in 1974 at an estimated cost of $1.3 million.