Boston & New England CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
First Passive House MF Building Opens in Plymouth
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.
- ◦Development
