WinnDevelopment
Loan Approved: July 3, 2018
MHP committed to a $1.85 million permanent first mortgage loan to help WinnDevelopment with the adaptive reuse of a four-story historic mill building into 91 mixed-income apartments for seniors 55 and older. the development will also include 5,035 square feet of commercial space, and various amenities.
TYPE: Adaptive Reuse.
WHERE: 67 Mechanic Street, Attleboro.
WHAT: The adaptive reuse of an historic mill building into 91 residential rental units and 5,035 square feet of commercial space.
AFFORDABILITY: At least 37 of the units will be affordable for residents age 55 and older earning at or below 60 percent of the area median income (AMI).
MHP FINANCING: A $1.85 permanent first mortgage loan.