Capitol Square
The
Berkshire Housing Development Corporation reconfigured and renovated a
financially-distressed HUD 236 property into a modern, 68-unit
apartment complex for seniors. The property also contains ground-floor
commercial space. Massachusetts Housing Investment Corporation (MHIC)
provided a $6.8 million construction loan and a $6.2 million equity
investment.
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Location: |
Pittsfield, MA |
|
Region: |
Northeast |
|
Renter/Owner: |
Renter Only |
|
Number of Units: |
68 |
|
Target Population: |
3 units affordable to seniors with 60 percent or less of AMI, 63 units affordable to seniors with 50 percent or less of AMI |
|
Type: |
Urban |
|
Credits: |
Photo Credit Robert Schoen, Courtesy of Massachusetts Housing Investment Corporation |
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Enabling Policies: |
Ensure Zoning Policies Allow Housing Diversity
Preserve Affordable Rental Homes
|
;)
