MassHousing announced $2.4 million in loan commitments last month for the development of Barstow Village in Hanover, which will provide 66 affordable apartments for senior citizens. Barstow Village is being developed by EA. Fish Associates and the Archdiocese of Boston’s Planning Office for Urban Affairs on a 6.6-acre site. The 66 apartments, which include 64 one-bedroom apartments and 2 two-bedroom apartments, will be contained in one mid-rise building. MassHousing has committed $1.2 million in taxable permanent financing and $1.2 million in Priority Development Fund financing. The project is also being considered for $1 million from the Affordable Housing Trust fund, which is managed by MassHousing on behalf of the state Department of Housing and Community Development.
“Barstow Village will provide a valuable affordable housing resource to seniors in Hanover and the community overall,” said MassHousing Executive Director Thomas R. Gleason. “EA Fish and the Planning Office for Urban Affairs have a distinguished record of developing quality affordable housing and MassHousing is pleased to be a financing partner in Barstow Village.”
“We have a wonderful partner in the Planning Office for Urban Affairs. Our team has worked collaboratively with the Hanover Housing Authority and the local boards and agencies to bring to life their vision for this much needed senior affordable housing,” said Dana Angelo, Director, EA Fish Development. “The town of Hanover should be
commended for making Barstow Village a reality. Obtaining MassHousing’s approval for permanent financing and Priority Development Funds is an important milestone and we appreciate the commitment that the staff at MassHousing have made enabling the project to move forward.”