Gloucester Daily Times
Gloucester: Fuller School could net housing trust $1.5M
GLOUCESTER --- Mayor Sefatia Romeo Theken is looking to pump $1.5 million from the pending sale of the Fuller School property into the Gloucester Affordable Housing Trust, with an eye toward creating two affordable rental housing complexes — one geared to Gloucester’s seniors, the other for the city’s veterans. Fuller Mixed Use Ventures LLC, a partnership among the Cape Ann YMCA, Windover Construction and the Sam Park Companies, initially bid $5.1 million for the site but then agreed to add another $500,000 for the city’s Affordable Housing Trust to offset the Fuller group’s mixed-use proposal.