Ribbon Cutting Held for Memorial Square Apartments
June 22, 2017
On June 9, a ribbon cutting ceremony was held to celebrate the opening of the Memorial Square Apartments in the City of Springfield, Massachusetts. Among the dignitaries in attendance were Jay Ash, Secretary of Housing and Economic Development for the Commonwealth, and former state Treasurer Steve Grossman.
The Memorial Square Apartments building is a six-story structure built in 1911 with commercial space on the first floor and five upper residential floors. The developer, New England Farm Workers Council, Inc., undertook the rehabilitation of the apartment building for continued residential use; specifically, affordable rental housing units.
The apartment building contains 40 rehabilitated apartments made up of a mix of studios and one- and two-bedroom units. With historic consulting services provided by Epsilon, the project was able to secure both state and federal historic tax credits to assist with financing the project. Further funding came from money from the city and affordable housing tax credits from the state and federal governments. We are pleased to have supported such a great project with such a great benefit to the local community and Commonwealth.