Developments > Cable Mills
Adaptive re-use of three vacant historic mill buildings into a mixed income development containing 61 units, of which 13 (21%) are affordable to 80% AMI. Loan represents 50% of $15,960,000 loan led by PCI.
Cable Mills
Project at a Glance:
Location:
Williamstown
Development Type:
Rental
MHIC Financing:
$7,480,000 in debt financing
Sponsor:
Mitchell Properties
Number of Units:
61
Adaptive re-use of three vacant historic mill buildings into a mixed income development containing 61 units, of which 13 (21%) are affordable to 80% AMI. Loan represents 50% of $15,960,000 loan led by PCI.