Bio
Since joining Trinity in 2010, Dan Drazen has led interdisciplinary project teams to design, finance, permit and construct multifamily development projects in Rhode Island and Massachusetts. He managed the project team for 60 King, the $23 million conversion of a vacant historic mill building in the Olneyville neighborhood of Providence into 60 units of affordable and market-rate housing. The redevelopment of 60 King saved a historically significant structure, remediated a contaminated Brownfields site and reconnected this isolated building to the rest of the surrounding neighborhood. Dan also oversaw the rehabilitation of RIHousing’s former Glenark Landing and Ashley Court properties, a $13-million, 89-unit redevelopment of two existing, occupied apartment buildings in the Constitution Hill neighborhood of Woonsocket. This project was financed with 4% LIHTCs secured through RIHousing, federal historic tax credits, and additional state and local sources. From 2017 through 2019, Dan spearheaded Trinity’s $46 million adaptive reuse of the historic Van Brodie Mill building in Lawrence, Massachusetts, into 102 units of mixed-income housing. Trinity’s program for Van Brodie Mill – renamed Arlington Point – responded to the lack of affordable housing in the area by creating units at 30% and 60% of area median income (AMI), and Workforce Housing units at 61-80% of AMI. Like his work in Providence, the financing structure for 60 King leveraged both 9% and 4% LIHTCs, federal and state historic tax credits, as well as state and city affordable housing funding programs. Dan holds a BA in political science from Lewis & Clark College in Portland, Oregon and an MBA from Boston University
Areas of Interest
- Deal Type
- Acquisition, Development, Ground Lease, Loan Purchase, Opportunity Zone, Partner Buyout, Pre-Development, Recapitalization, Refinance, Rehabilitation