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Bourne Mill

Tiverton, RI

Category Rental, Tax-credit, Historic Adaptive-reuse
Size 166 Units
Architect The Architectural Team, Inc.
TDC $43.4 Million
Financing Federal and Rhode Island historic tax credits, 9% LIHTC via TCAP Program from RI Housing, Construction & Permanent Financing from RI Housing
Completion October 2009

The team led by EA Fish Development transformed this historic Cotton Mill to an upscale mixed-income apartment community offering a contemporary lifestyle. These completed apartment homes offer a mix of materials in and visual interest with arched doorways, high ceilings & expansive historic windows. The complex financing included separately syndicated state and federal historic tax credits and 9% LIHTC equity provided via the Federal TCAP/Exchange Program.

Design and construction challenges included strict historic preservation requirements and a tight schedule