$63 Million Awarded to Affordable Housing Projects

$63 Million Awarded to Affordable Housing Projects

Fifteen projects across the Commonwealth were awarded subsidy funding earlier this week by the Baker-Polito Administration. These projects will create or restore 697 until of rental housing, 479 of which are designated for low-income households and 150 for extremely low-income individuals or those transitioning from homelessness. We will be a part of the Chester Commons’ project.

Chester Commons is an occupied 15-unit rehabilitation project located in Chester’s town center.  The sponsor is the non-profit Hilltown Community Development Corporation.  DHCD will provide subsidy funds to support the historic rehabilitation of Chester Commons, with an emphasis on accessibility for tenants with disabilities.  All 15 units will be reserved for individuals or small households earning less than 60 percent of AMI, with four units further restricted for extremely low-income individuals or small households earning less than 30 percent of AMI.

For the full article, including a lists of the other projects, please click here.