MassHousing announced the closing of $13.3 million in affordable housing financing to Van der Heyden Apartments Limited Partnership for the acquisition, renovation and extension of affordability at the 45-unit Van der Heyden Apartments in Springfield, MA. The property owner plans approximately $9 million in property improvements and has executed a 20-year federal Section 8 Housing Assistance Payment contract in which 18 of the apartments are restricted to households earning up to 30 percent of AMI and 27 of the apartments are for households earning up to 50 percent of AMI.
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