176 Main Street, Downtown conversion of commercial & parking lot to apartments and townhouses

Rural Development, Inc. & Austin Design Cooperative

Rental

waiting for funding.  About 85% committed.  Seeking CPA funding to show community support.  Construction could start in early 2027.

32 units, 1-3 bedroom, majority 1 bedroom; many accessible; all visitable

Mixed income affordability
ranging from 30% AMI to
60% AMI

4 accessible, 1 adaptable, all visitable

Multiple state & local, including plans for Tax Credit Equity;  EOHLC State Funds; MHP CNI Funds;  MassDevelopment Site Readiness; MassDevelopment Brownfields; FHLB AHP; Permanent Debt; Local Contribution through CPA: Deferred Developer Fee; Energy / Solar Credits.  See also website below

Apartment building in front with elevator, and with community room facing Main Street; townhouses in back;  energy-efficient construction;  increased landscaping with outdoor play space, patio and courtyard. Also 188 Main St. (now fence that blocks view of RR tracks) will be a pollinator garden visible from Main St. as part of this project.

June 2028

RDI Main St.

Rural Development Inc