A private investment group in Pittsfield, Massachusetts says two new housing developments will create 36 new units by 2022.
Mill Town Capital announced Monday that a group of vacant buildings and open space the company owns on Tyler Street will become market-rate housing units with improved outdoor spaces and parking areas within the next two years.
“These will be a mix of mostly one- and two-bedroom apartments," said CEO and Managing Director Tim Burke. "There’ll also be a couple of commercial spaces available for small businesses or office rentals.”
The project received a tax increment exemption agreement with the city, and Burke hopes to land state housing development tax credits.
The project is estimated to cost around $10 million.
