Trinity Financial completes 102-unit Arlington Point development
by the New England Real Estate Journal
Congresswomen Lori Trahan and mayor Dan Rivera joined Trinity Financial, business and community leaders, and residents to celebrate the official opening of Arlington Point–a 102-unit, mixed-income development located in the city’s Arlington Mills district.
“We are thrilled to partner with Trinity Financial and MassHousing as we work towards our collective goal of bringing quality and affordable housing units online,” said mayor Rivera. “The Arlington Mills District, where this project is located, is the benefactor of years of planning that led to it becoming a 40R District. This tool has allowed the city to bring in hundreds of units, transforming mills that stood vacant for years and are now bringing private investment and vibrancy.”
During construction, the project team was able to preserve and restore the former mill, while also remediating a former brownfield site to bring new quality, mixed-income housing to the city.
This adaptive reuse project, Trinity Financial’s first development in the city, features apartments at three income tiers to serve residents with a broad range of incomes. Arlington Point includes low-income units at 30% of area median income (AMI), low-income units at up to 60% of AMI, and Workforce Housing units at up to 80% of AMI.