Developments > Carter School Apartments
This project is a historic renovation and adaptive reuse of former school building into a 39 low-income family rental unit building. Its location directly abutting a city park that includes a sports field and playground. The project uses a comprehensive green development plan, which can substantially reduce the tenants' electric bill and provides longer term ease of maintenance.
Carter School Apartments
Project at a Glance:
Location:
Leominster
Development Type:
Family,Rental
MHIC Financing:
$6,825,000 in debt financing, $9,283,642 in LIHTC financing
Sponsor:
NewVue Communities
Number of Units:
39
Date Completed:
3/01/2020
This project is a historic renovation and adaptive reuse of former school building into a 39 low-income family rental unit building. Its location directly abutting a city park that includes a sports field and playground. The project uses a comprehensive green development plan, which can substantially reduce the tenants' electric bill and provides longer term ease of maintenance.