Chestnut Park

Chestnut Street, Holyoke, Massachusetts 01040

Contact Chestnut Park

"Chestnut Park in Holyoke, Mass., is the new name for a complex of four historic buildings on the campus of the former Holyoke Catholic High School that were redeveloped in 2015 into the 54 updated and beautiful apartments. They include a mix of studio, one-bedroom and two-bedroom apartments. All are classified as affordable, and all offer the best of the new while preserving the beauty of the old."

Unit (Bd/Ba)	Ft²	Rent
Studio (Studio/1)	-	Call for Price
One Bedroom (1/1)	-	Call for Price
Two Bedrooms (2/1)	-	Call for Price

Eligibility for Chestnut Park

Chestnut Park Details

54 studio, one and two bedroom units.
HOME Investment Partnerships Program
Low-Income Housing Tax Credit (LIHTC)

Property Amenities

Laundry Room
Off-Street Parking
Heat Included

Office Hours

Day	Hours
Monday	9:00am-4:00pm
Tuesday	9:00am-4:00pm
Wednesday	9:00am-4:00pm
Thursday	9:00am-4:00pm
Friday	9:00am-4:00pm

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.

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.