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Holyoke: Library Commons

Chicopee Kendall LLC

Library Commons

Loan Approved: June 17, 2019


A permanent first mortgage loan of $550,000 to finance the rehabilitation and re-use of two vacant historic buildings and the addition of a newly constructed building to produce 38 units of affordable housing in Holyoke.

TYPE: Adaptive reuse.

WHERE: 193-203 Chestnut St and 210 Elm St, Holyoke.

WHAT:Rehabilitation and re-use of two vacant historic buildings and the addition of a newly constructed building.

AFFORDABILITY: 36 affordable units to households earning below 60% AMI, including 12 units affordable to those earning less than 30% AMI and 3 affordable units to those earning up to 50% AMI.

MHP FINANCING: $3.5M million loan.

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