Winn Development Corporation
Loan Approved: June 30, 2021
MHP committed to a $2.2 million permanent first mortgage loan to help Winn Development Corporation with the adaptive reuse of a late-19th century mill building — and the former headquarters of American Optical — into 48 affordable apartments.
TYPE: Adaptive re-use
WHERE: 5 Case St., Southbridge
WHAT: Adaptive re-use of a historic mill building into 48 affordable apartments
AFFORDABILITY: All affordable at or below 60% AMI
MHP FINANCING: A $2.2 million permanent first mortgage loan
RENTAL INFORMATION: Southbridge Mills on Housing Navigator