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MassDevelopment

87 Washington LLC

MassDevelopment provided $5.6 million in loans to 87 Washington LLC for the renovation of a long-vacant, four-story brick building in downtown Haverhill. The Granville building will incorporate retail on the frst foor and 24 market-rate apartments above. Located close to a variety of restaurants and shopping destinations, the project was able to take advantage of federal and state historic rehabilitation tax credits, Housing Development Incentive Program tax credits, and an equity investment from the Healthy Neighborhoods Equity Fund. A key component of the ongoing revitalization in downtown, the Granville will provide plenty of opportunities to enjoy city life.