Tax Credit Advisor – November 2014 – Across much of the country, apartment communities developed with federal tax credits are frequently plain vanilla – simple, high-quality affordable garden-style complexes or mid-rises for families and seniors. And then there are the niche developments – projects that stand out because of special types of structures or narrower resident populations. A few interesting and creative examples are redeveloped historic buildings such as former mills, housing for persons with physical disabilities, and multi-generational apartments. While it undertakes more traditional types of rental housing projects, Boston-based WinnDevelopment has established a lengthy track record in the successful rehabilitation and adaptive re-use of historic buildings into attractive, unique apartment communities. These renovations have included numerous former mills (e.g., textile, cotton), as well as factories, schools, and other types of unusual or significant properties. “We’ve done 18 of these in recent years,” says Larry Curtis, President and Managing Partner of WinnDevelopment.
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