Gov. Charlie Baker Wednesday announced funding for 19 projects across Massachusetts to create or preserve over 1,300 apartments for low-income tenants.
The largest award in this round of housing project subsidies, $10.2 million, will help finance the $45 million renovation of Chestnut Park in downtown Springfield.
Built in the 1970s, there are four buildings with nearly 500 apartments. The complex includes a 34-story high-rise building with 10 elevators.
Massachusetts Housing and Economic Development Sec. Jay Ash said quality affordable housing is key to the growth of the state’s economy.
"A healthy community has a healthy balance of affordable and market-rate housing," said Ash.
Also being funded are new apartment construction projects in Great Barrington and Northampton, and the continued renovation of the Lyman Terrace public housing development in Holyoke.
