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Image courtesy of Father Bill's and MainSpring
A former Brockton hotel is being converted into apartments for formerly homeless people under a project receiving $5.3 million in financing from MassDevelopment.
Social service agencies Father Bill’s and MainSpring Inc. are redeveloping the property which has been used as a satellite emergency shelter since June 20 to provide social distancing for former residents of the MainSpring House in downtown Brockton during the pandemic.
In September, MassDevelopment issued a $5.3 million tax-exempt bond to the developers to renovate and convert the 1005 Belmont St. site into housing for 69 clients. Eastern Bank purchased the bond.
The state Department of Housing and Community Development will subsidize operation of the property and awarded federal tax credits and project-based vouchers. Funding for the Roadway apartments was also provided by the Arbella Insurance Foundation, Beth Israel Lahey Health, and the Massachusetts Housing & Shelter Alliance (MHSA).
The total project cost is estimated at $10.1 million and will reduce Brockton’s shelter population by 50 percent, the Baker administration said.
