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Springfield: Mason Square Apartments II

Sponsor: First Resource Development Company LLC & Gordon A. Pulsifer

Mason Square Apartments

Loan Approved: June 17, 2019

As a part of a larger redevelopment called Mason Square Apartments, this phase includes the adaptive re-use and rehabilitation of two vacant historic buildings into sixty residential rental units with seventy-five parking spaces.

TYPE: Adaptive reuse.

WHERE: 837 State Street, Springfield.

WHAT: Rehabilitation and preservation of 60 rental units, broken down as thirty one-bedroom, twenty-five two-bedroom, and five three-bedroom units.

AFFORDABILITY: All units to be affordable to households earning at or below 60% AMI.

MHP FINANCING: $650,000 loan.

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