MassHousing has a large presence in Chicopee, Holyoke and Springfield, both in homeownership and multifamily lending.
Our current multifamily portfolio in those communities includes 56 developments (six in Chicopee, nine in Holyoke and 41 in Springfield) with a combined 7,046 units, 6,151 of which are affordable. In fact, Springfield has the second most MassHousing-financed rental developments and units in the Commonwealth, trailing only Boston.
Lending has also been strong on the HomeOwnership side. Over the last five fiscal years (beginning July 1, 2014), MassHousing has provided a total of $89.4 million in MassHousing mortgage financing to help 613 homebuyers purchase a home in Chicopee, Holyoke or Springfield (176 in Chicopee, 70 in Holyoke and 367 in Springfield).