MassHousing Closes on $26.9 Million in Financing

MassHousing closed on $26.9 million in affordable housing financing to Trinity Financial to support the first phase of the redevelopment of the historic Marriner Mill complex in Lawrence, MA. The $46.8 million mixed-income project will repurpose a former industrial building into 87 new apartment homes, including 21 workforce housing units, and advance the city’s redevelopment of the 34-acre Arlington Mills Smart Growth Overlay District. 

“MassHousing is excited to be a partner in advancing this dynamic project, which will create much-needed housing for families in Lawrence,” said MassHousing Executive Director Chrystal Kornegay. “We congratulate Trinity Financial for their work transforming a portion of a vacant, blighted mill building into a brand-new rental community for families of all means, offering them quality housing and economic opportunity.”