HOUSING DEVELOPMENT INCENTIVE PROGRAM (HDIP)
FISCAL YEAR 2022 REPORT
Pursuant to General Laws Chapter 40V, Section 4, this report includes the Executive Office
of Housing and Livable Community’s (EOHLC) findings of its review of all certified housing
development projects evaluated in fiscal year 2022 (FY2022).
A. HDIP Projects Evaluated in FY2022 and Located in Municipalities with Approved
HD Zones
During FY2022 (July 1, 2021, through June 30, 2022), EOHLC evaluated HDIP projects in the
following municipalities with approved HD zones:
Brockton
Worcester
Attleboro
Holyoke
Haverhill
Hyannis
Fall River
B. Project-Specific Information of HDIP Projects That Received Certification in
FY2022
For project-specific information, please refer to the attached spreadsheet.
 Housing Development Incentive Program
(HDIP)
FY22 Statutory Report
# of
Total # of Total # of Affordable Anticipated Anticipated
Market Affordable # of For-sale Total Qualified Fiscal Year in Calendar Year of
Projects That Received Total # Rate Units (60% Range of Studio # of one- # of two- # of three- Units (80% Project Which Credit Project
Certification in FY22 Location Site Address Project Sponsor of Units Units* AMI)** Rents Units*** bedrooms*** bedrooms*** bedrooms*** AMI) Expenditures Will be Issued Completion
1 Alta Seven Hills Worcester 0-28 Mulberry Street Wood Properties 370 370 0 $1,875-$2,750 0 249 107 14 0 $100,000,000 2025 2025
2 Brigg Crossing Attleboro 27-39 South Main Street 27-39 South Main St LLC 46 46 0 $1,300-$1,700 10 36 0 0 0 $10,400,000 2025 2025
3 Hotel Jess Holyoke 335 Dwight Street Whitman Properties 8 8 0 $1,100 0 8 0 0 0 $2,842,000 2025 2025
4 Mission Chappel Worcester 205 Summer Street Traggorth Companies 7 7 0 $1,600-$2,700 0 4 2 1 0 $4,020,000 2024 2024
5 St. Joseph's Schoolhouse Haverhill 26 Broadway Street Atlantis Investments 36 36 0 $1,450-$1,700 28 8 0 0 0 $7,023,000 2024 2024
6 The Jewel Building Attleboro 54 Union Street Lee Properties 43 43 0 $1,400-$1,900 12 25 6 0 0 $7,673,000 2024 2024
7 115 Madison Street Worcester 115 Madison Street Madison Properties 228 228 0 $1,877-$2,933 0 168 55 5 0 $93,784,000 2025 2025
8 Residences at 850 Hyannis 850 Falmouth Road Standard Holdings 53 53 0 $2,300-$3,450 0 9 44 0 0 $15,483,000 2024 2024
9 28 Petronelli Way Brockton 28 Petronelli Way Concord Street Development 18 18 0 $1,725-$2,650 6 9 3 0 0 $8,727,000 2024 2024
10 Residences at Rivers Edge Fall River Davol Street Karam Financial Group 49 49 0 $1,575-$2,325 0 33 16 0 0 $14,073,000 2024 2024
11 Silverbrick Skyhouse**** Worcester 340 Main Street Silverbrick Properties 312 312 0 $1,300-$1,900**** 91 179 35 7 0 $60,000,000**** 2027 2027
Total 1,170 1,170 0 147 728 268 27 0
* At least 80% of total units must be market rate by statute
** Development of affordable units is not required by statute; affordable units typically are available to households earning at or less than 60% of AMI
*** Statute does not require certain number of bedrooms
**** Silverbrick Skyhouse originally applied for HDIP in 2021 and was awarded. However, due to escalating costs the developer was not able to move the
project forward. The conditional award has not been rescinded, however, and EOHLC will complete a new review of the project if the owner is able to move
forward, or is able to sell the property to a new developer that seeks to utlize the HDIP credit. The unit mix, rents, and qualified expenditures are based on the
original application in 2021, but would likely change if the project is able to move forward.