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LATEST PROJECT UPDATE|
As of October, 2015
Wilton Commons Inc. took an important legal step at the Board of Selectmen’s meeting on Oct. 6. Wilton Commons, an affordable apartment complex for seniors at 21 Station Road, was originally approved by the Planning and Zoning Commission for 74 units, but only 51 were built due to insufficient funding. In order to move forward with construction of the remaining 23 units, changes in the partnership agreement needed to be approved.
The current limited partnership is composed of tax credit investor National Equity Fund Inc. as the limited partner and general partners Wilton Commons Inc. and Mutual Housing Association of Southwestern Connecticut Inc. (MHASWCT). A straight partnership between Wilton Commons Inc. and MHASWCT will take over the 23 new units, without National Equity Fund and without limits. Therefore, for legal simplicity, Wilton Commons Inc. desires that the additional units be considered collectively as a condominium entity. The Common Interest Ownership Act of Connecticut requires that landlords sign off on assignments and sublettings, so with 21 Station Road being town-owned property, the issue was put before the Board of Selectmen for a vote for administrative approval.
“This is really good news,” First Selectman Bill Brennan said, “because we’ve always wanted Wilton Commons to get sized up to the original 74 units. I was on the Board of Finance when this was first discussed; the cash flows when it was 74 units were much better. They gave it a much healthier outlook for the project over the long haul. And this gives us more affordable housing for seniors in our town. I’m excited that we’re really moving forward with this.” Brennan made a motion to approve Wilton Commons Inc.’s proposal, and was seconded by Selectman Mike Kaelin. Selectman Ken Dartley abstained from voting because of his past involvement with the Wilton Commons board of directors. Selectmen Deborah McFadden, Dick Dubow, Kaelin, and Brennan voted in favor, and thus the resolution to sign off on the change passed 4-0-1.
Click here to see the full article from the Wilton Bulletin.
Click here to see a drawing of the addition.
As of April, 2013
Construction on Wilton Commons was completed on April 29, 2013. The Certificate of Occupancy has been issued by the Town of Wilton for all 50 one-bedroom units. All units are now leased.Click here for information about applying as well as a downloadable application to be added to the waiting list, or call 203 487-3633 and leave your name and address and best phone number where you can be reached.
Built through a partnership of Wilton Commons Inc. a local dedicated non-profit that has worked for over a decade to shepherd Wilton Commons into being, Mutual Housing Association of Southwestern Connecticut, Inc. and the National Equity Fund, Wilton Commons is ready to be your retirement community. Through a long term lease between the Town of Wilton and Wilton Commons Inc, Wilton Commons Apartments Limited Partnership contracted with a local Wilton Architect, Evans and Contadino and Connecticut based contractor, Haynes Construction to design and build Wilton Commons. Financing was provided through local donations and State of Connecticut Department of Economic and Community Development and Connecticut Housing Finance Authority grants and Low Income Housing Tax Credits.
In Mid-April, Governor Malloy announced a grant for $5.6 million to build an additional 23 housing units. Additional official correspondence is expected to lay out the specific requirements and timetable. This will be an additional wing to the existing building connecting at the second and third floors. Once the second phase is finished, there will be a bridge connecting to the gazebo so that those that are disabled will have clear and easy access to the main building.