Churchill Homes

334 Elm St, Holyoke, Massachusetts 01040

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Churchill Homes Details

  • 50 units.
  • Accepts Section 8 Housing Choice Vouchers (HCV)

About Churchill Homes

Beginning in 1996 with the awarding of a 15 million dollar HOPE VI grant the Holyoke Housing Authority embarked on a major renewal project. The site that was once Jackson Parkway, a family development built and initially occupied in 1942, was demolished of its 219 units in 1999 and an entirely new neighborhood has been developed including infrastructure with underground utilities.

Churchill Homes consists of 50 federally assisted rental units on the former Jackson Parkway site and another 50 units offsite on adjacent parcels. A state of the art community center which houses the management office, a Valley Opportunities Council operated childcare center and a satellite Boys & Girls Club of Greater Holyoke center is located at 334 Elm Street

Low-Income Housing Tax Credit (LIHTC)

Since this property has received funding in part through the Low Income Housing Tax Credit (LIHTC) program, a certain number of units are set aside for lower income households. Households must earn either less than 50% or 60% of the area median income (depending on the set-aside option chosen by the property owner) to qualify for these units. Rents in these units are capped at a maximum of 30% of the set-aside area median income (adjusted for unit size). Some rental units in this property may not be subject to LIHTC and therefore have higher rents and no maximum household income requirement.

Holyoke Low-Income Housing Tax Credit Income Limits

Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Holyoke but actual income limits may differ for units at Churchill Homes.

AMI Band 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
Very Low Income (50%) $31,050 $35,500 $39,950 $44,350 $47,900 $51,450 $55,000 $58,550
Low Income (60%) $37,260 $42,600 $47,940 $53,220 $57,480 $61,740 $66,000 $70,260

Churchill Homes was built in part with financing obtained through the Low Income Housing Tax Credit (LIHTC) program. In addition to providing apartments for low-income households, this property could include some market rate units. Households earning 60% or less of the Area Median Income (AMI) qualify for targeted rental units in LIHTC financed housing. This property may also designate units for renters with even lower incomes, from 60% of AMI down to 30% AMI. It is even possible that all units have been set aside for those with extremely low incomes (as low as 15% of AMI). This means that the same size unit can rent for different amounts based on the income of the renter.

Figuring out income and rent limits for affordable housing can be complex especially when more than one federal program is involved. To know for sure if you qualify, you must contact the property directly. The amounts provided here should only be used as a basic guide.

Churchill Homes is managed by Holyoke Housing Authority.

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