Developments > Acre High School
The historic St. Joseph’s High School, built it 1890 and vacant since 1992, has been restored to create 22 new units of affordable housing in Lowell’s Acre neighborhood. MHIC provided a $4 million low-income housing tax credit equity investment, with TD Bank as the sole investor. The development opened its doors in January 2011 to much excitement among project team members, public officials, former St. Joseph’s High School teachers, and neighbors. At a ribbon-cutting ceremony, Lowell Mayor James Milinazzo called the project a “jewel in the Acre.”
Acre High School
Project at a Glance:
Location:
Lowell
Development Type:
Rental
Project Type:
Historic rehabilitation
MHIC Financing:
$4,010,114 in LIHTC financing
Sponsor:
Coalition for a Better Acre
Number of Units:
22
Date Completed:
12/31/2010
The historic St. Joseph’s High School, built it 1890 and vacant since 1992, has been restored to create 22 new units of affordable housing in Lowell’s Acre neighborhood. MHIC provided a $4 million low-income housing tax credit equity investment, with TD Bank as the sole investor. The development opened its doors in January 2011 to much excitement among project team members, public officials, former St. Joseph’s High School teachers, and neighbors. At a ribbon-cutting ceremony, Lowell Mayor James Milinazzo called the project a “jewel in the Acre.”