Greystar Receives State Funding Award to Redevelop Taunton’s Whittenton Mills

Greystar has received a $3.8-million Housing Development Incentive Program (HDIP) award from the Massachusetts Executive Office of Housing and Livable Communities to support the redevelopment of 437 Whittenton St. in Taunton, MA. The long-vacant Whittenton Mills site will be transformed into a 390-unit apartment community set to become the largest modular residential project in Massachusetts.

HDIP is a state initiative that helps Gateway Cities such as Taunton develop market-rate housing while increasing residential growth and diversity of housing stock, supporting economic development, and promoting neighborhood stabilization. The program encourages new construction and the restoration of existing properties such as Whittenton Mills by providing funding to offset the cost of significant rehabilitation efforts.

“Greystar is honored to receive this HDIP award that acknowledges the significance of the redevelopment at Whittenton Mills and the site’s potential to drastically expand housing opportunities in the City of Taunton,” said Ryan Souls, Managing Director of Development at Greystar. “This incentive from the Commonwealth is a testament to the role that Whittenton Mills will play in addressing the housing shortage and fully revitalizing a historic site that has been a pillar of this community for generations.”