Eligibilty Form
COMMUNITY PRESERVATION ELIGIBILITY
DETERMINATION FORM
The purpose of this form is to make sure that all project applications applying for Community
Preservation Act funding are eligible for funding. Please refer to Appendix-E in the
Community Preservation Plan when filling out this form. This form must be approved in
order for an application to be accepted.
Project Title: 129 Pleasant Street
Project Sponsor/Organization: HAP, Inc.
Contact Name: Peter A. Serafino
Property Owner, if applicable: presently Bowditch LLC
Mailing Address: HAP, 322 Main Street, Springfield, MA 01105
Daytime phone #: 413-233-1728 Fax #: 413-731-8723
E-mail address: pserafino@haphousing.org
CPA Program Area (check those that apply):
� Open Space � Historic Preservation
X Community Housing � Recreation
Project Purpose (check those that apply):
X Acquisition X Creation � Preservation
� Support � Rehabilitation/Restoration
Project Summary: Please provide a brief description of the project.
HAP has signed an Option Agreement to acquire an existing 59-room SRO property at 129
Pleasant Street. Pending satisfactory completion of due diligence investigations, HAP intends to
purchase the property and manage it as-is until financing is secured to construct a new building
on the site. The new building will contain approximately 78 studio and one-bedroom rental
apartments and ground floor retail space. The completed development will be managed by
HAPHousing. Apartment rents will be tiered to include market rates and rates affordable to
persons earning up to 60%, 50%, and 30% of Area Median Income. HAP requests CPC funds
for acquisition of the property. HAP requests that CPC funds be made available for acquisition,
but that affordability restrictions apply at closing on LIHTCs and other funds for construction.
For CPC Use Eligible: _____ Not Eligible: _____ Date: __________ Reviewer: ____________________