[CPEO-BIF] "Developer to Turn [Lawrence] Massachusetts Mill Into Affordable Housing"

[Lenny Siegel <lsiegel@cpeo.org>]

Developer to Turn Massachusetts Mill Into Affordable Housing
MassHousing commits $17.1 million to assist Trinity Financial in creating 102 homes.

By Donna Kimura
AFFORDABLE HOUSING FINANCE
February 2, 2018

MassHousing has committed $17.1 million in financing to assist an affiliate of Trinity Financial create an affordable housing community in Lawrence, Mass.

Trinity Financial is transforming the former Van Brodie Mill into 102 units of mixed-income housing within a smart growth district. The adaptive-reuse project will preserve the historic mill, while remediating a brownfield site. 

“Van Brodie Mill will be an important new housing resource for working families in Lawrence,” said Tom Lyons, MassHousing’s active executive director. “This transformational project will put a former brownfield back into productive use, while advancing regional economic development and enabling families to live affordably and prosper in greater Lawrence.”

…

For the entire article, see
http://www.housingfinance.com/news/developer-to-turn-massachusetts-mill-into-affordable-housing_o

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Lenny Siegel
Executive Director
Center for Public Environmental Oversight
a project of the Pacific Studies Center
P.O. Box 998, Mountain View, CA 94042
Voice/Fax: 650/961-8918 
<lsiegel@cpeo.org>
http://www.cpeo.org

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