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Chestnut Crossing
Springfield, MA
United States
Home City Development successfully converted 104 single room occupancy apartments into 101 energy efficient studio apartments, all with kitchenettes and private bathrooms. Chestnut Crossing occupies the top five floors of a building formerly occupied by the YMCA of Greater Springfield, which Home City purchased from the Y in 2013. 93 studios are affordable to low- and very-low-income households and eight units are market rate. Residents have the benefit of several transportation options just minutes away.
Sponsor
Home City Development
Source
LIHTC Financing
Financing Total
$5,500,000
Impact
Affordable housing creation.