Today, Governor Patrick and the Department of Housing & Community Development announced funding for two affordable housing projects in Senator Kennedy’s district (Ames Shovel Works in Easton, and Barstow Village in Hanover).
A brief description of each project is below:
Ames Shovel Works (Easton)
Beacon Communities will use $619,940 in federal low-income housing tax credits, $1,262,712 in state issued low-income housing tax credits, and another $1,000,000 in DHCD program subsidies to support the conversion of historic industrial buildings into 119 units of mixed-income rental housing. 30 units will be affordable; 12 will be set aside for extremely low-income families. The project is expected to create 251 jobs.
Barstow Village (Hanover)
EA Fish Development and the Planning Office of Urban Affairs will use $1,000,000 in federal low-income housing tax credits and an additional $2,300,000 in DHCD program subsidies to construct 66 new units of affordable rental housing for residents 62 years of age or older. 10 of the units will be reserved for extremely low-income households. It is expected to generate 72 jobs.
Click here for Governor Patrick's press release regarding all of the funded projects.
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