Glenark Mills & Glenark Oaks

Woonsocket, RI

Glenark Mills and Glenark Oaks are sister properties located approximately half a mile from one another in the Constitution Hill neighborhood of Woonsocket, Rhode Island. Situated along the banks of the Blackstone River, Glenark Mills was built in 1865 as a textile mill and was later converted into 67 units of residential housing. Glenark Oaks was built in 1990 and contains a total of 22 units.

In 2011, Trinity Financial was selected by Rhode Island Housing as the developer to acquire, renovate, and revitalize both Glenark Mills and Glenark Oaks. Working with Rhode Island-based contractors, Trinity invested $13 million in redeveloping and modernizing both properties. The buildings' common areas were updated, and the apartment interiors were refurbished with new kitchens and bathrooms.

The redevelopment of Glenark Mills and Glenark Oaks was financed through the sale of low-income housing tax credits and historic tax credits. All 89 of the project's units are affordable to households earning up to 60% of the area median income. Other financing sources included HOME Funds and state housing resources from Rhode Island Housing.

Completed in December 2013, Glenark Mills and Glenark Oaks represent Trinity’s first project in Rhode Island since the completion of Newport Heights HOPE VI in 2006.

Type
Mixed-Income

Total Development Cost
$13 Million

Units
310 / Retail: 21,000 SF

Completed
2013

Awards

• NAHMA Vanguard Award – Major Rehabilitation of an Existing Rental Housing Community
• Listed on the National Register of Historic Places (1989) to Awards