Project Profiles

Project Profiles

Since 2008, MBL has assisted in creating 16 new construction developments, 7 adaptive reuse developments, and renovating 19 affordable housing preservation developments. These projects total 453,624,570 in development costs.

Adaptive Reuse

Moseley Apartments, Westfield

  • In Construction, expected completion Fall 2019
  • 23 Family Units
  • Sponsored by Domus, Inc.
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal Low Income Housing Tax Credits, State Historic Tax Credits, Housing Stabilization Fund, Westfield Community Preservation Act, Westfield HOME Investment Partnership Program, Affordable Housing Trust Fund

Agawam Veteran’s Cooperative Housing, Agawam

  • Completed October 2017
  • 51 Single Room Occupancy & Supportive Service Units
  • Sponsored by Soldier On, Inc.
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, Historic Tax Credits, HOME, Affordable Housing Trust Fund, Housing Innovations Fund, TD Bank, Community Economic Development Assistance Corporation

Chapin School Veteran’s Cooperative, Chicopee

  • Completed August 2016
  • 43 Single Room Occupancy & Supportive Service Units
  • Sponsored by Soldier On, Inc. and O’Connell Development Group, Inc.
  • Financing includes: Massachusetts Department of Housing and Community Development, Low Income Housing Tax Credits, Federal Home Loan Banks Affordable Housing Program, Historic Tax Credits, Chicopee HOME Investment Partnership Program, Peoples Bank

Affordable Housing Preservation

MacArthur Terrace, Chicopee

  • In Construction, expected completion Spring 2020.
  • 222 Family Units
  • Sponsored by Dimeo Properties
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, Affordable Housing Trust Fund, Housing Stabilization Fund, Chicopee HOME Investment Partnership Program

St. James Commons Apartments, Springfield

  • Completed September 2018
  • 42 Family Units
  • Sponsored by Valley Real Estate
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal Low Income Housing Tax Credits, Federal and State Historic Tax Credits, NFIT Program Funds, TD Bank

The Kendall, Chicopee

  • Completed August 2017
  • 41 Single Room Occupancy Units
  • Sponsored by Valley Opportunity Council
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, Housing Innovations Fund, TD Bank, The City of Chicopee, MA, Community Economic Development Assistance Corporation

New Construction

Bentley Apartments, Great Barrington

  • In Development, expected completion Fall 2020.
  • 45 Family Units
  • Sponsored by Community Development Corporation of South Berkshire and Berkshire Housing Development Corporation
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits Great Barrington Community Preservation Act, Great Barrington HOME Investment Partnership Program, Community Based Housing Program, Housing Stabilization Fund, Affordable Housing Trust Fund, Facilities Consolidation Fund-DDS, Facilities Consolidation Fund-DMH

Bostwick Gardens, Great Barrington

  • In construction, expected completion Fall 2019
  • 60 senior housing units
  • Sponsored by Berkshire Housing Development Corporation
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, Housing Stabilization Fund, Affordable Housing Trust Fund, Great Barrington Community Preservation Act, HUD Insured Mortgage.

Northampton Lumber Yard, Northampton

  • In Construction, expected completion Summer 2019
  • 55 Family Units
  • Sponsored by Valley Community Development Corporation and Way Finders
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, Affordable Housing Trust Fund, Commercial Area Transit Node Housing Program, Community Based Housing Program, Housing Stabilization Fund, TD Bank, Community Economic Development Assistance Corporation

Parson’s Village, Easthampton

  • Completed August 2015
  • 38 Family Units
  • Sponsored by Valley Community Development Corporation and Way Finders
  • Financing includes: Massachusetts Department of Housing and Community Development, Federal and State Low Income Housing Tax Credits, HUD Section 8, Easthampton HOME Investment Partnership Program, Affordable Housing Trust Fund, Housing Stabilization Fund, , Easthampton Community Preservation Act, Easthampton Savings Bank, Community Economic Development Assistance Corporation

Gordon H. Mansfield Veterans Village, Leeds

  • Completed August 2016
  • 44 units
  • Sponsored by Soldier On, Inc.
  • Financing includes: Massachusetts Department of Housing and Community Development, Housing Innovations Fund, Affordable housing Trust Fund, VAi2 Grant, Home Depot, Community Economic Development Assistance Corporation

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