Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > Sanford Apartments

Sanford Apartments

Project at a Glance:
Development Type:
Project Type:
Historic rehabilitation/adaptive reuse of former factory
MHIC Financing:
$3,861,996 in LIHTC financing
Domus, Inc
Number of Units:
Date Completed:

An old factory building, historically known as the “Sanford Whip Factory,” is now home to 21 low-income residents, some of whom were formerly homeless and/or have mental illness. MHIC’s $3.8 million low-income housing tax credit equity investment enabled DOMUS, Inc. to acquire, gut rehabilitate and transform this old factory (which is listed on the National Register of Historic Places) into 14 enhanced SRO and seven 1-bedroom units. Five units receive project-based Section 8 subsidies provided by the State, while three others get project-based Section 8 subsidies from the City and the remaining units are unassisted. This project represents another example of creatively adapting and reusing old, vacant buildings to meet today’s need for more affordable rental housing.