Spray Cotton Mills

Rose Community Capital is pleased to announce the recent closing for Spray Cotton Mills. Spray Cotton is the adaptive reuse and conversion of an old mill into 94-units of garden style multi-family apartments located in Eden, NC.

This adaptive reuse project was funded through a USDA Option 3 Construction to Perm Loan, Historic Mill Credits from the state of North Carolina and private equity.  The mill has been a part of the community for the past 130 years and has been abandoned for the past several decades. 

The project will provide housing to families earning 115% of area median income or lower. 

We are sad to report that the historic former Spray Cotton Mill building caught fire during renovation on January 25, 2023 and is a 100% loss.