MassHousing will loan up to $13.3 million to a Main development corporation for the acquisition and renovation of the 216-unit, low-income Litchfield Terrace apartments in Leominster.
Litchfield Terrace was built under the HUD Section 236 program and first opened in 1973, and consists of seven, three-story buildings, which have not been substantially renovated since the development was constructed. The development contains 42 one-bedroom apartments, 108 two-bedroom apartments and 66-three bedroom apartments. Of the 216 apartments, 209 are subsidized by HUD Section 8-based contracts and 7 units will have HUD enhanced preservation vouchers, MassHousing said.
The money for the improvements is to be loaned to Silver Street Development Corporation of Portland, Maine.
Improvements proposed by Silver Street include the renovation of windows, roofs, interior and exterior doors and carpeting, with a focus on improving energy efficiency.
The contractor will be Dellbrook Construction of Braintree and the architect will be The Architectural Team, Inc. of Chelsea. The management agent will be Housing Management Resources, Inc. of Quincy. Renovation work is expected to commence in the spring.





