The cost for the redevelopment of the former Knox building is approximately $32 million and is being financed using state and federal housing tax credits, state and federal historic credits and permanent debt with Mass Housing Partnership.
Mayor Sarno states, “My administration is proud of the continued investment and development of our neighborhoods – from housing to park projects and new schools to enhancements in infrastructure, there has been a tremendous amount of economic development in our city. The progress and redevelopment of the historic Knox Building is tremendous. Gordon Pulsifer and his team at First Resources do such a tremendous job working in our neighborhoods and being considerate of our residents and business community, as evident by their property across the street at the old Indian Motorcycle building. In total, First Resources has added nearly 300 housing units just between these two properties. This supports my administration’s goal of continuing to invest and develop/redevelop more housing and workforce housing for our residents.”
