Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Library Commons

Library Commons



Project at a Glance:
Location:
Holyoke
Development Type:
Rental
MHIC Financing:
$7,214,566 in debt financing, $10,440,926 in LIHTC financing
Sponsor:
Way Finders
Number of Units:
38
Date Completed:
8/11/2021

The project entails the acquisition and rehabilitation of 3 vacant historic buildings and construction of a new building near the recently renovated and expanded Holyoke Public Library. Library Commons is part of a multi-phase development strategy by HAP and others to create housing, commercial space, and community facilities in a walkable downtown neighborhood with excellent proximity to education, arts and cultural organizations, employment and public transportation.