Tysons, Virginia, April 2023:  SCG Development Partners, LLC (“SCG Development”), Stratford Capital Group, and CHOICE Inc, are pleased to announce the closing of the Coyle School Residences (“Property”), an adaptive reuse of a former historic school and new construction into a family affordable housing development consisting of 50 units family affordable housing unit located in Taunton, Massachusetts.

Of the Property’s 50 apartment units, 45 units will be affordably priced and rented to individuals who earn sixty percent (60%) or less of area median income; of which 10 units of the 45 units (20% of the total units) will be rented to individuals who earn thirty percent (30%) or less of area median income.  The remaining 5 units will be market rate units.

Monsignor Coyle High School (named for the Monsignor who raised the money for its construction) opened on Summer Street in 1933, for the boys’ population of the overpopulated St Mary’s High School.   In 1971 given the economics of the time, the aging of the old Coyle High School building, and the lack of ordained staff for each school, the Monsignor Coyle High School merged with Bishop Cassidy High School at the Bishop Cassidy site to become Coyle and Cassidy High School. The former Monsignor Coyle High School building became known as the Taunton Catholic Middle School. Until 2014, this structure served the diocese and its youth.

As part of our redevelopment proposal, the historic Coyle High School building and site will be beautifully transformed into approximately fifty (50) units of affordable family housing providing sustainable solutions that build communities. The historic school will house 32 family’s units consisting of one- and two-bedroom units within the classroom wings and two-level loft units within the gym volume and another 18 families residing in a lower 3-story addition stepping down behind the stage mass of the auditorium.  Carrying on the legacy of the earlier Irish immigrants that prompted the need of the original high school, the Monsignor Coyle School building will persevere in providing a better way of life for families in need of affordable housing.

The financing of the approximately $28MM development will consist of both private and public funding.  Rockland Bank will be providing the construction and permanent loan proceeds.