Knitting Mill Apartments

Knitting Mill Apartments is the conversion of a vacant historic knitting mill into 100 units of senior housing located at 69 Alden Street in the City of Fall River, MA. This adaptive reuse project will have 74 one-bedroom and 26 two-bedroom apartments and will offer the following amenities.

Property and Amenities:

Community room on each floor
Two elevators
Video door entry and intercom system
Exercise room for residents
Central laundry
Off street parking
On-site management
4 one bedroom and 2 two bedroom barrier free accessible units
2 one bedroom sensory impaired units

The affordability of the project will be enhanced by DHCD awarding 8 units of MA Rental Voucher Program units and 8 units of Section 8.

The construction budget for the construction of the units will be approximately $24 million and will include the construction of a new senior center to be leased to the Fall River Council on Aging and a medical education center to be leased to Health First Family Care Centers.

Project Specs

Housing Type: Senior 62 and over

Units: 100

Funding Sources: MA Department of Housing and Community Development’s 9% Low Income Housing Tax Credits Program, Massachusetts (MA) Low Income Housing Tax Credits, MA HOME Funds, Housing Stabilization Funds (HSF), Housing Innovation funds (HIF), Affordable Housing Trust Funds AHTF Funds and City of Fall River HOME Funds as well as Federal and State Historic Tax Credits.