MPZ Development and Capstone Communities have celebrated the opening of The McElwain School Apartments, a mixed-income housing community in Bridgewater, Massachusetts.  

The development offers 57 units of housing, with 51 of them being affordable for families earning up to 60% of the Annual Median Income. It includes a former school building and a newly-built residential component that is the first Passive House multifamily building to open in Plymouth County.  

“This former elementary school site will once again serve as a tremendous asset to the Greater Bridgewater community and provide high-quality housing options at rent levels that hard-working families can afford,” said Mathieu Zahler, principal of MPZ Development and Jason Korb, principal of Capstone Communities.  

The $28.9 million project received state and federal historic tax credits, as well as community preservation funding. It was funded through a mix of state, local, and low-income housing tax credits, loans, and financing sources.