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McElwain School Affordable Housing Initiative

Former Schoolhouse Evolves into Affordable Housing in Greater Boston

Capstone Communities and MPZ Development have broken ground on an affordable housing initiative involving the redevelopment of a former schoolhouse in Bridgewater, MA.

Nixon Peabody’s Affordable Housing & Real Estate practice served as project advisors.

Capstone and MPZ acquired McElwain School — which sat vacant for more than 20 years — with intentions of meeting the need for high-quality housing in the region.

Plans call for conversion of McElwain School into a 16-unit residential building and construction of a new 38-unit residential building behind the school. Of the 57 total units, 51 will be affordable rental units, while six will be market-rate.

The project also includes the purchase of a neighboring three-unit house and creation of a park and plaza for community use.

Financing for the project included construction and permanent financing, state funding, Town of Bridgewater CPA funds, federal and state low-income housing tax credits, federal and state historic tax credits, and solar tax credits.

Artist Rendering Credit: Prellwitz/Chilinski Associates, Inc.


Inside The Story

Nixon Peabody

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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