Transforming Historic Infrastructure : The Adaptive Reuse of John E . L . Huse Memorial School into Affordable Housing Through the Use of Tax Credits , Bonds , and State Grant Funding
Originally erected in 1942 for Bath Iron Works employees ' children , the John E . L . Huse Memorial closed in 2006 due to shifting demographics and educational trends . It was acquired by the Szanton Company in 2016 and transformed into 59 affordable housing units , embodying adaptive reuse and affordable housing principles .
Despite years of vacancy , the building retained its original charm , including well-preserved wood joists , masonry walls , and hardwood floors . Renovation efforts focused on exposing interior brick walls , addressing water damage , and removing asbestos and lead paint while preserving architectural features and historic artifacts . A new wing addition and modern amenities ensured the seamless integration of contemporary living spaces within the historic framework .
The adaptive reuse of Huse School into affordable housing received widespread acclaim and community support . Just a week after opening , 78 % of the units were rented , highlighting the urgent need for affordable housing in Bath . Honoring the school ' s namesake and revitalizing a historic landmark , the school was transformed into a vibrant residential community serving Bath ' s residents . As a shining example of adaptive reuse and affordable housing initiatives , the Huse School project sets a precedent for converting historic buildings into much-needed affordable housing solutions .
The funding structure for Huse School Apartments reflects a strategic blend of financing sources aimed at facilitating affordable housing development while preserving historical heritage . Leveraging loans from Maine Housing through taxable bonds and deferred loans , along with state and federal tax credits and a Community Development Block Grant ( CDBG ) loan from Bath , the project secured essential funding for its $ 10.5 million endeavor . By selling affordable housing and historic tax credits through a syndicator , the project generated additional capital , with less than $ 300,000 of the total project cost requiring repayment . This funding approach demonstrates prudent resource use , minimizing long-term financial obligations while maximizing community impact .