Innovative Financing to Create and Sustain Healthy, Equitable Communities
Developments > TriTown Landing

TriTown Landing

Project at a Glance:
Development Type:
MHIC Financing:
$3,600,000 in debt financing
Great Bridge Properties
Number of Units:

Great Bridge Properties is the developer of this new 33-unit affordable rental housing project for which MHIC provided a $2.8 million construction loan. It is being built in the city’s 40R Smart Growth District and is the second phase of a plan to build 204 units of housing on an 8.7-acre site that once was a drive-in movie theater. In 2010, MHIC provided $4.2 million in construction lending to Great Bridge for the first phase of the project, which involved building 66 units of housing on this site.