MassHousing commits $17.1 million to assist Trinity Financial in creating 102 homes.

by Donna Kimura, AFFORDABLE HOUSING FINANCE

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.”

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http://www.housingfinance.com/news/developer-to-turn-massachusetts-mill-into-affordable-housing_o