MassDevelopment and HarborOne Bank have joined forces to provide $11.3 million in loan financing for the redevelopment of a former mill and manufacturing facility located in downtown Attleboro, Massachusetts. Developer Jonathan Cozzens intends to transform the blighted building at 54 Union St. into 43 market-rate apartments, utilizing a construction loan, Housing Development Incentive Program bridge loan, and bridge loan for federal and state historic tax credits.
“Attleboro is demonstrating its commitment to combatting the housing crisis by diversifying their housing stock with both market rate units as well as affordable ones – an admirable effort!,” said Dan Rivera, president & CEO of MassDevelopment.
