CDCSB Awarded Funds for New Affordable Housing Complex Windrush Commons

Mar 24, 2021 | News

 

CDCSB Awarded Funds for New Affordable Housing Complex
Windrush Commons at 910 South Main Street in Great Barrington

The Commonwealth of Massachusetts’ Housing and Economic Development Secretary Mike Kennealy and Housing and Community Development Undersecretary Jennifer Maddox recently announced that the Community Development Corporation and project co-sponsor partner, Way Finders, Inc., have been awarded approximately $14 million. These funds will provide a majority of the financing for the new $19 million, project that will build a 49-unit affordable housing complex called Windrush Commons at 910 South Main Street in Great Barrington. 

The only project to receive funding in Western Massachusetts in this funding round, the Department of Housing and Community Development (DHCD) will support the project with federal and state low-income housing tax credits and subsidy funds. The town of Great Barrington also will support the project with local Community Preservation Act funds. 

“The Town of Great Barrington congratulates the CDC of South Berkshire for this important achievement, “said Assistant Town Planner, Chris Rembold. during the March 4 the virtual Massachusetts State press conference.

“We are thrilled that this funding will develop Windrush Commons, new 49 affordable for families and essential workers and is near community services, recreational opportunities, employment and transit,” said Diane Smith, Chief Real Estate Officer at Way Finders, Inc. 

Qualified families, individuals and seniors will be offered the opportunity to rent apartments at significantly lower than market rates. All units will be “Net Zero ready” energy efficient. Windrush Commons will include a community gathering space with a kitchen, green space, and laundry facilities. The apartments will sit on approximately 2.5 acres. The additional 5.47 acres of the site will be permanently conserved land. 

“This award of funds comes at a critical time for Great Barrington. With very few housing units on the market, and a zero percent rental vacancy rate, home prices and rents are out of reach for most households” said Rembold.

The development team for Windrush Commons affordable housing complex includes: project co-sponsor Way Finders, Inc. of Springfield, MA.; Elton and Hampton Architects, civil engineering by White Engineering, Berkshire Housing Development Corporation as the management agent, and Allegrone Construction. Greylock Federal Credit Union will serve the project as the Federal Home Loan member bank. 

The complex expects to begin construction this summer/fall. Windrush Commons at 910 South Main Street is located in Great Barrington’s Smart Growth Overlay District which was designed precisely for this kind of development: high-density affordable housing within walking distance to shopping, health services, public transportation and downtown attractions.

This new project award comes just as the CDCSB is putting the finishing touches on Bentley Apartments, its new 45-unit affordable housing complex on Bentley Rd. within walking distance of downtown Great Barrington. 

“The projects that the CDCSB develops, including Bentley Apartments and Windrush Commons, enable us to address the housing crisis in the Berkshires,“ said James Harwood, CDCSB Board of Directors president. “The positive impact on residents who will call these new apartments home is immense,” said Harwood. “It changes people’s lives.”

For more than 30 years, the CDCSB, a nonprofit organization, has been dedicated to building low-moderate income affordable housing, creating job opportunities and promoting economic development in south Berkshire County. In the last 10 years, collaborating with like-minded organizations, the CDCSB has created more than 100 affordable housing units and leveraged over $30 million in public and private investment in the region.

More information about Windrush Commons and CDCSB economic development efforts can be found at www.cdcsb.org or by contacting Allison Marchese, Executive Director at allison@cdcsb.org.

CDCSB Awarded Funds for New Affordable Housing Complex Windrush Commons

Mar 24, 2021 | News

CDCSB Awarded Funds for New Affordable
Housing Complex Windrush Commons
at 910 South Main Street 
in Great Barrington

The Commonwealth of Massachusetts’ Housing and Economic Development Secretary Mike Kennealy and Housing and Community Development Undersecretary Jennifer Maddox recently announced that the Community Development Corporation and project co-sponsor partner, Way Finders, Inc., have been awarded approximately $14 million. These funds will provide a majority of the financing for the new $19 million, project that will build a 49-unit affordable housing complex called Windrush Commons at 910 South Main Street in Great Barrington. 

The only project to receive funding in Western Massachusetts in this funding round, the Department of Housing and Community Development (DHCD) will support the project with federal and state low-income housing tax credits and subsidy funds. The town of Great Barrington also will support the project with local Community Preservation Act funds. 

“The Town of Great Barrington congratulates the CDC of South Berkshire for this important achievement, “said Assistant Town Planner, Chris Rembold. during the March 4 the virtual Massachusetts State press conference.

“We are thrilled that this funding will develop Windrush Commons, new 49 affordable for families and essential workers and is near community services, recreational opportunities, employment and transit,” said Diane Smith, Chief Real Estate Officer at Way Finders, Inc. 

Qualified families, individuals and seniors will be offered the opportunity to rent apartments at significantly lower than market rates. All units will be “Net Zero ready” energy efficient. Windrush Commons will include a community gathering space with a kitchen, green space, and laundry facilities. The apartments will sit on approximately 2.5 acres. The additional 5.47 acres of the site will be permanently conserved land. 

“This award of funds comes at a critical time for Great Barrington. With very few housing units on the market, and a zero percent rental vacancy rate, home prices and rents are out of reach for most households” said Rembold.

The development team for Windrush Commons affordable housing complex includes: project co-sponsor Way Finders, Inc. of Springfield, MA.; Elton and Hampton Architects, civil engineering by White Engineering, Berkshire Housing Development Corporation as the management agent, and Allegrone Construction. Greylock Federal Credit Union will serve the project as the Federal Home Loan member bank. 

The complex expects to begin construction this summer/fall. Windrush Commons at 910 South Main Street is located in Great Barrington’s Smart Growth Overlay District which was designed precisely for this kind of development: high-density affordable housing within walking distance to shopping, health services, public transportation and downtown attractions.

This new project award comes just as the CDCSB is putting the finishing touches on Bentley Apartments, its new 45-unit affordable housing complex on Bentley Rd. within walking distance of downtown Great Barrington. 

“The projects that the CDCSB develops, including Bentley Apartments and Windrush Commons, enable us to address the housing crisis in the Berkshires,“ said James Harwood, CDCSB Board of Directors president. “The positive impact on residents who will call these new apartments home is immense,” said Harwood. “It changes people’s lives.”

For more than 30 years, the CDCSB, a nonprofit organization, has been dedicated to building low-moderate income affordable housing, creating job opportunities and promoting economic development in south Berkshire County. In the last 10 years, collaborating with like-minded organizations, the CDCSB has created more than 100 affordable housing units and leveraged over $30 million in public and private investment in the region.

More information about Windrush Commons and CDCSB economic development efforts can be found at www.cdcsb.org or by contacting Allison Marchese, Executive Director at allison@cdcsb.org.