City of Manchester issued the following announcement on December 7.
Board of Mayor and Aldermen approved funds at tonight’s board meeting
Tonight, the Board of Mayor and Aldermen approved $2.3 million to develop affordable housing units in Manchester. These funds were made available through the federal HOME program from the U.S. Department of Housing and Urban Development.
The three organizations receiving loan funds are Manchester Housing and Redevelopment Authority (MHRA), NeighborWorks Southern New Hampshire, and Waypoint — which will build or upgrade 152 affordable housing units in Manchester.
“Affordable housing is one of the biggest challenges facing Manchester residents. This significant investment puts people first while at the same time addresses the critical need in our community,” said Mayor Joyce Craig. “I’m so thankful for the work MHRA, Neighborworks Southern New Hampshire and Waypoint does every single day to help Manchester residents. With these projects, we’re focusing on addressing homelessness and making sure families, seniors on a fixed income, and those with disabilities have access to safe, affordable housing.”
The approved projects are as follows:
- MHRA was approved for a project that covers the construction of 48 one, two, and three-bedroom units in two 24-unit buildings on the existing Kelley Falls Apartment Campus, located at 315 Kimball Street.
- Neighborworks Southern New Hampshire’s approved project is the rehabilitation and upgrade of 101 one, two, and three-bedroom units of existing affordable housing units located in the Elm Street Brownstones, located at 1426 Elm Street and 1382 Elm Street, and the Straw Mansion Apartments, located at 15 Temple Court.
- Waypoint was approved for the renovation of the former Employment Security Building, located at 298 Hanover Street, which will result in the development of three studio apartments for young, at-risk adults aged 18 to 25.
This investment represents the most funding the City has allocated toward the development of affordable housing since the HOME program’s creation over 30 years ago.
Original source can be found here.
