Developments > Greenstead Grove
The project is a new construction of seven townhome-style buildings containing 43 affordable rental units, and a standalone community building with management office on a 5.3-acre vacant parcel in Ludlow, Massachusetts. It represents an effort by Way Finders to increase the supply of affordable and mixed-income housing in suburban areas, with a high demand for affordable rental housing but limited affordable housing stock. Greenstead Grove is located in a neighborhood of single and multi-family homes, with proximity to employment opportunities, easy access to major roadways, and is adjacent to a new elementary school built in 2021. The project will create 16 units for families earning up to 30% of AMI and 27 units for families up to 60% of AMI. The 30% units will be subsidized either by project-based Section 8 or MRVP subsidies.
Greenstead Grove
Project at a Glance:
Location:
Ludlow
Development Type:
Rental
Sponsor:
Way Finders
Number of Units:
43
The project is a new construction of seven townhome-style buildings containing 43 affordable rental units, and a standalone community building with management office on a 5.3-acre vacant parcel in Ludlow, Massachusetts. It represents an effort by Way Finders to increase the supply of affordable and mixed-income housing in suburban areas, with a high demand for affordable rental housing but limited affordable housing stock. Greenstead Grove is located in a neighborhood of single and multi-family homes, with proximity to employment opportunities, easy access to major roadways, and is adjacent to a new elementary school built in 2021. The project will create 16 units for families earning up to 30% of AMI and 27 units for families up to 60% of AMI. The 30% units will be subsidized either by project-based Section 8 or MRVP subsidies.