MassHousing will loan up to $1 million to WinnDevelopment of Boston for the acquisition and renovation of Springfield’s abandoned Longhill Gardens apartment complex, resulting in 109 renovated units of rental housing.

Longhill Gardens is a "severely distressed development" that has been condemned, boarded up and left vacant, according to MassHousing.

The developer intends to demolish approximately 100 housing units at Longhill Gardens and improve 109 rental units, of which 88 will be reserved for low-income families. The remaining 21 units will be rented at market rates.

The new development will feature 69 one-bedroom apartments and 40 two-bedroom apartments. In addition, the redevelopment will include an increase in off-street parking, a playground, security camera installation, a community room, and a laundry room.

"When this project is completed, this blighted development will be replaced with new, quality affordable housing that will be a major new housing asset for the Springfield community and its residents," said MassHousing Executive Director Thomas R. Gleason.

Longhill Gardens was originally built in the 1950s as a 211-unit rental development and was converted to condominiums in the late 1980s.

Other funding sources include $1 million from the Affordable Housing Trust Fund, which is managed by MassHousing on behalf of the Department of Housing and Community Development (DHCD), $750,000 in DHCD Housing Stabilization Funds, $550,000 in city of Springfield HOME funds and $550,000 in state HOME funds. Nearly $17 million in equity for the project is expected through the sale of federal and state low-income housing tax credits.