Quincy Plans $44M Community

| April 26, 2017

WinnCompanies CEO Gilbert Winn speaking at the announcement event

Quincy, MA – WinnDevelopment and its nonprofit partner, NeighborWorks Southern Mass, are moving forward with plans to build a $44 million, 140-unit community in Quincy that will feature the largest number of workforce units ever financed under MassHousing’s Workforce Housing Initiative.

Rendering of proposed apartments

The project has several other, unique angles — middle income apartments make up almost two-thirds of the units, which is an outsized proportion nationally. The number of middle-income units is very substantial. And, it’s rare to see new construction projects of this size with income restrictions.

The property abuts the former Fore River Shipyard, once the nation’s premier shipbuilding facility but largely dormant for three decades now. Community leaders hope the mixed-income development will create more private investment opportunities in the area.

 

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Category: All, Multi Residential