The Federal Home Loan Bank of Boston presented Soldier On and partners O’Connell Development Group Inc. with a $500,000 direct subsidy for our Gordon H. Mansfield Veterans Village project in Chicopee, MA. The Federal Home Loan Bank of Boston awarded more than $20 million in grants and rate subsidies to fund 42 initiatives in the 2013 Affordable Housing Program (AHP). The awards will create or preserve 935 rental and 58 ownership units for very low-, low-, and moderate-income individuals and families.
Soldier On and O’Connell Development Group Inc. will work together to develop 43 of those 935 rental units funded by the AHP. The Veterans Village will be located in a newly renovated Chapin School in the Willimansett section of Chicopee. This Village is modeled after the 39 unit Gordon H. Mansfield Veterans Village in Pittsfield, MA which has been successfully operating as a limited equity cooperative since 2010. The Veterans Village in Chicopee will bring Soldier On one step closer to changing the end of the story for homeless veterans.