181 Chestnut

181 Chestnut St, Chelsea, Massachusetts 02150

The former St. Stanislaus school and convent were redeveloped into 32 one-bedroom housing units, with conversion complete in 2015. Between 2015 and 2019 rents were kept at a reasonable level, and the building served as naturally-occurring affordable housing for residents. In 2019, when the building was put on the market, the price would have required a new owner to raise rents and potentially evict tenants. Instead, The Neighborhood Developers (TND) acquired the property with the goal of preserving tenancies and ensuring that the building remained affordable for Chelsea residents in perpetuity.

Unit (Bd/Ba)	Ft²	Rent
One Bedroom (1/1)	-	Call for Price

181 Chestnut Details

32 one bedroom units.
HOME Investment Partnerships Program

Property Amenities

Downtown Location

Nearby Amenities

Close to Shopping

HOME Investment Partnerships Program

This project has received some funding from a participating jurisdiction (local or state government agency) through the HUD HOME Investments Partnerships Program (HOME). In projects with five or more HOME-assisted units, at least 20% of these units must be occupied by families earning 50% or less of area median income (AMI). All other HOME-assisted units must be occupied by families earning 80% or less of AMI, but in practice most are reserved for families earning 60% or less AMI. Maximum monthly rent is capped with a Low HOME Rent for <50% AMI units and a High HOME Rent for the remaining HOME-assisted units. Contact the property directly for the specific dollar amount of these rent caps.