BRIDGEWATER, MA – Capstone Communities LLC and MPZ Development LLC celebrated the groundbreaking of McElwain School Apartments, a mixed-income 57-unit apartment community located on Main St. The groundbreaking ceremony was held on October 12th at 250 Main St. McElwain School Apartments will serve the hard-working families and individuals who are looking for high quality and mixed-income housing in town. This type of mixed-income project is the first of its kind in the town offering multiple types of affordable housing options in both new construction and rehabilitated buildings.
McElwain School Apartments provides 57 apartment homes with 13 one-bedroom units, 36 two-bedroom units, and eight three-bedroom units. Six apartments are rented to households at market rates. 42 apartments are rented to households earning no more than 60% of area median income ($42,000-$64,740 depending on household size), three apartments are rented to households earning no more than 50% of the area median income ($35,000-$53,950), and six apartments are being rented to households earning no more than 30% of area median income ($21,000-$32,370).
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