Redevelopment of former Holyoke Catholic Campus aided by State tax credits

Last month, the development group Weld Management was awarded approximately $1.7 million from the Massachusetts Department of Housing and Community Development (DHCD) in housing subsidies to complete a funding package that will create 55 units of workforce housing within the former campus and facilities of Holyoke Catholic High School. This recent award compliments $990,000 in federal Low-Income Housing Tax Credits and other funds in Massachusetts Historic Rehabilitation Tax Credits. Construction is projected to begin later this summer.

This project compliments other on-going investments in the area, including the currently under construction Veterans Park and the recently completed Holyoke Transportation Center. This is also a catalytic project within “Area 2” of the recently approved urban renewal plan, “Connect. Construct. Create.”, which calls for action by the Holyoke Redevelopment Authority to support such investments. “Area 2” is the western end of the Transit Oriented Development district, which will be connected by streetscape and other pedestrian enhancements to the future Passenger Rail platform at the eastern end.

 

Check out press coverage on the recent award:

Knapik and Vega Announce Redevelopment Funds for Holyoke Catholic Project

Old Holyoke Catholic High School campus to be converted into 55 apartments

Bay State commits $67M to build or preserve 1,326 apartments

 

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