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Developer seeks $803,522 to convert Mass Mills boiler building into mixed‑income housing
Summary
Mahlon Management requested $803,522.25 from CPA funds to support conversion of the boiler building at Mass Mills into 79 mixed‑income units, citing structural unknowns, asbestos in basements, and a complex capital stack that has shifted the project to focus on the boiler building only.
A representative of Mahlon Management described plans to convert the former Mass Mills boiler building into 79 mixed‑income housing units and requested $803,522.25 in CPA funds to help fill financing gaps.
The presenter said the overall development budget submitted with the application exceeds $60 million and that the project team has secured some awards, including HDIP…
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