The bank redevelopment project is part of a $140 million state affordable housing initiative.
A former bank in Pittsfield, Massachusetts that has been vacant for two years will be redeveloped into a mixed-income apartment building, reports Vanessa Blasi for News 10.
The project is funded in part by a new $140 million state grant aimed at increasing affordable housing across the state. “The first part of the grant includes $8.4M to convert unused spaces into housing units statewide. This included the former bank in Pittsfield, which will be turned into 23 units plus a commercial kitchen space.”
City leaders hope the building will be part of a broader revival of Pittsfield’s downtown. “This soon will be a vibrant residential mixed-income community with reactivated storefronts right here on Park Square,” said Louis Allegrone, who leads construction on the bank project.
Read the full story: Why historic Pittsfield bank is turning into affordable housing
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