Lawrence’s Oldest Mill Building Cleared for Apartment Conversion
WinnCompanies will break ground early next year on a $34 million residential conversion of Lawrence’s oldest mill building after receiving the final piece of its financing package.
Rockland Trust Finances Renovations to Salem High-Rises
A $61 million financing package led by Rockland Trust Co. will be used to renovate 281 units of affordable housing in Salem.
The Neighborhood Developers Begins Everett Church Redevelopment
The Neighborhood Developers Inc. will use a $9.1 million tax-exempt bond from MassDevelopment and Boston Private Bank for site preparations at a 33-unit affordable rental complex in Everett.
Downtown Beverly Roominghouse to be Redeveloped for Additional Housing
A $10.5-million tax-exempt bond issued by MassDevelopment and purchased by Eastern Bank will help an affiliate of the YMCA of the North Shore renovate and expand a downtown Beverly roominghouse for additional housing.
WinnDevelopment Kicks Off New Bedford Mill Reuse Project
Boston-based WinnDevelopment has begun construction of 71 additional units of mixed-income for 55-and-over residents at New Bedford’s Cliftex Mill complex.
Construction Ban Puts Pressure on Projects’ Financing
A shutdown order for Boston’s construction sites is likely to place strains on developments’ financing packages as developers struggle to meet investors’ timelines to make progress.
Senate’s $41.4B Budget Includes Expansion of Low-Income Tax Credit
The Senate Ways and Means Committee on Thursday unanimously approved a $41.42 billion fiscal year 2019 budget proposal, touting the spending plan’s “robust and critical investments” in education, an “innovative approach to drug pricing” and a focus on children.
