Willow Arms Affordable Apartments

About This Building

Title: Affordable Apartments in the Tariffville Section of Simsbury Introduction: Mutual Housing's Acquisition and Renovations in Tariffville Acquisition and Renovation Details: - Mutual Housing successfully acquired this development located in Tariffville, Simsbury in July 1997. - The property spans across 8.5 acres of picturesque rolling hills, offering 81 apartments. - Over $2 million was invested in renovations, including upgrading roofs, kitchens, bathrooms, mechanical systems, and electrical infrastructure. - A separate community building was also constructed to facilitate resident meetings and social activities. Preservation of Affordable Housing: - The development is protected under the HUD Low Income Housing and Preservation and Resident Home Ownership Act. - Prior to acquisition, the property faced the threat of being converted to market-rate housing. - Under Mutual Housing's agreement, the property will remain affordable in perpetuity. - Existing low-cost debt was assumed, and over $4.4 million in grants from HUD were received to complete the acquisition and renovations. Unit Configuration: - 28 One Bedroom Flats - 53 Two Bedroom Flats Affordable Housing Rates: - Housing charges include heat and hot water in the rental price. - As of August 2015, rental rates were as follows: - 1 Bedroom: $760-779 - 2 Bedrooms: $860-890 - Rates are subject to change, so please contact us for the most updated information. Income-Based Options and Section 8 Vouchers: - If your income qualifies, some units offer the option to pay only 30% of your adjusted gross income towards the rent. - We gladly accept Section 8 vouchers to provide even more affordable housing opportunities.