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Boston & New England  + Metro Boston  + Finance  | 

MassHousing Provides $25M to WinnCompanies for Lowell Mixed-Income

MassHousing has closed on a total of $25.2 million in affordable housing financing to WinnCompanies for the development of 125 new rental homes in downtown Lowell. The MassHousing financing will allow WinnCompanies to advance the redevelopment of Lowell’s Hamilton Canal Innovation District.

WinnCompanies will construct the 125 new mixed-income apartments in two connected five-story buildings spanning Canal Street. The project site, Parcels 8 and 9 of the Hamilton Canal Innovation District, is a long-vacant former mill complex along the Lower Pawtucket Canal across from downtown Lowell.

The City of Lowell designated WinnCompanies as developer of Parcels 8 and 9, as part of the city’s broader effort to revitalize the 17-acre master-planned district.

“This development will be a true mixed-income community, offering a mix of affordable, middle-income and market rate units that support local and state housing goals, as well as Lowell’s desire to stimulate economic activity downtown,” said WinnDevelopment’s Larry Curtis.

For comments, questions or concerns, please contact Paul Bubny

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Development
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