FAIRHAVEN – Rockland Trust has provided a $10.5 million loan to SCG Development, which will revitalize the Oxford School Residences in Fairhaven.
The funds will include a commitment to both construction and permanent loan financing, according to the institution.
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The redevelopment will go toward the creation of 54 affordable units of senior housing. The project is an adaptive reuse of an 1896 school house and mid-century addition. It was last used by the Fairhaven School Department in 2012.
Mary MacDonald is a staff writer for the PBN. Contact her at MacDonald@PBN.com.
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