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Dom Narodowy Polski Apartments

This project involves the acquisition and rehabilitation of a 50-unit senior housing complex in downtown Chicopee, a city located about 92 miles west of Boston. It is comprised of two, 4 and 5-story structures, built in 1930 and renovated in 1982. Massachusetts Housing Investment Corporation (MHIC) provided a $1.7 million Low-Income Housing Tax Credit equity investment to Preservation of Affordable Housing (POAH). In partnership with participating lenders Citizen's Bank and United Commercial Bank, MHIC also provided a $2.5 million acquisition loan. Modest renovations, such as replacement of boilers and hot water heaters with energy efficient models, upgrades of kitchens/baths, window replacements, partial roof replacement, etc. are underway. When this project's Section 8 contract expires in 2011, POAH will assume a 20-year extension to ensure that the units remain affordable to low-income seniors.