April 28, 2025 - 18:28
CHICOPEE, Mass. — A long-vacant site along the Chicopee River is set to become a vibrant residential community, as MassHousing announced the closing of $37.3 million in affordable housing financing. This significant investment aims to create 105 new affordable homes, addressing the increasing demand for accessible housing in the region.
The project is expected to breathe new life into the area, which has remained underutilized for years. With a focus on sustainability and community integration, the development will not only provide much-needed housing but also enhance the local economy through job creation during the construction phase and beyond.
Local officials have expressed enthusiasm about the project, highlighting its potential to foster a diverse community and improve the quality of life for residents. As construction gets underway, the initiative is anticipated to attract families and individuals seeking affordable living options while contributing to the revitalization of the Chicopee River area. This development marks a crucial step towards meeting the housing needs of the region and promoting inclusive growth.
