Massachusetts Governor Charlie Baker joined WinnDevelopment and its partners to celebrate the groundbreaking of a new project to transform the Nockege Mill in downtown Fitchburg, MA, into 96 units of mixed-income housing. Thirty-eight of the 96 units will be affordable to households earning up to 60% of the Area Median Income. The remaining 58 units will be rented at market rate.
“These kinds of projects can be complicated and full of surprises but WinnCompanies has done more than 25 of these kinds of projects and practice makes perfect,” said Gov. Baker. “I can’t wait to come back and see it when it’s all been done.”
MassHousing will provide $1.4 from the state’s Affordable Housing Trust Fund for the adaptive reuse project. The $37.4 million project is also being financed through the sale of state and federal Low Income Housing Tax Credits and Historic Tax Credits, the state Department of Housing and Community Development, the city of Fitchburg, the Massachusetts Housing Partnership and Bank of America.
The contractor will be Colantonio, Inc., the architect is The Architectural Team and the management agent will be WinnResidential.
