Lawrence, Massachusetts — How the Historic Tax Credit is reshaping Massachusetts commu

In Lawrence, a 170-year-old industrial building that once helped power New England’s Industrial Revolution has taken on a new life as 86 apartments, with most units designated as affordable housing. The conversion, made possible by the Federal Historic Tax Credit, is a reminder that preservation and housing affordability can move forward together.

For people considering relocating to Lawrence, this project matters in practical terms. New residential options in a historic mill setting offer something increasingly rare: character and affordability under the same roof. While costs across eastern Massachusetts continue to climb, the presence of income-restricted units in a restored building helps keep the city within reach for teachers, service workers, and young professionals. It also signals that developers are willing to invest in Lawrence’s

Source: GNews

View Lawrence city guide

Updated October 16, 2026.

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