Formerly known as the Pearl Harbor Apartments, the existing 110 apartments in 11 two-story chunk buildings will be wholly renovated and modernized. The redevelopment will be financed under the Massachusetts Department of Housing and Community Development's (DHCH) mixed-financing program for state-financed noted container developments. It is expected that the MassHousing construction credit will be repaid through DHCD modernization funds and the use of 4-percent Low Income Housing Tax Credits. "This partnership between MassHousing, DHCD and the Framingham Housing Authority will remodel and keep safe a very valuable affordable dwelling resource for low-income residents in Framingham,'' said MassHousing Executive Director Thomas R. Gleason.
The span of develop for the 67 two-bedroom apartments and 43 three-bedroom apartments includes expanding the area of the units to streamline and design enlarged scullery and dining areas, as well as the replacement of electrical, plumbing and heating systems. The occupation will also take in the remediation of place depict and asbestos existing in the development, roadway improvements and noteworthy plat landscaping.
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