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Image courtesy of The Architectural Team
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.
Keith Construction of Canton is leading the $19.2 million adaptive reuse project at the 114-year-old complex, expanding the existing 76-unit Manomet Place age-restricted rental community which opened in 2013.
The project will reserve 56 units for seniors earning 60 percent or less or area median income, with the remainder restricted to tenants earning 100 percent or less of AMI. There are 170 applicants on the waiting list for Manomet Place, which will be managed by WinnResidential.
The project received funding from the Massachusetts Department of Housing & Community Development; construction financing from the Bank of America, permanent financing from the Massachusetts Housing Partnership; federal and state low-income housing tax credits, and state historic tax credits, to be sold by BlueHub Capital; along with HOME program funds from the city of New Bedford.
Plans for renovation of the nearly 136,000-square-foot space include 66 one-bedroom units and an adult health center. Completion of the project, designed by The Architectural Team of Chelsea, is scheduled for August 2022.
