Approved Affordable Housing Program Initiatives

Awards: $6,336,819 in grants, loans, and interest-rate subsidies
Number of Projects: 7
Number of Affordable Units: 271
Cities + Towns: Avon, Branford, Hartford, Lakeville, Naugatuck, and North Stonington

Location: Avon
Member: Massachusetts Housing Investment Corporation
Sponsor: Beacon Communities LLC, The Village for Families and Children
Affordable Units: 76 rental units
​Subsidy: $850,000 grant

Avon Village will repurpose an underutilized mid-century office building to create 76 affordable housing units as part of the first of its kind intergenerational living community in Connecticut. Sixty-two units will be age-restricted senior housing, and 14 units will be designed to accommodate larger families typical of the adoptive and foster care family population. Sixteen units will be affordable to households earning less than 50% of the area median income (AMI) while 60 units will be for households earning 60% AMI. Beacon Communities will collaborate with The Village for Families & Children, the state's largest foster care provider, to provide services for both elderly and families raising children in foster care. The town approved a 20-year Payment in Lieu of Taxes (PILOT) tax abatement, a first for the town. Situated in a wooded area near the town center, this project will include improvements to common area amenities such as community room and kitchen; fitness/wellness space; walking trails; multi-use lawn and gardens; playground, courtyard/terrace; dog run, and basketball court. Site work includes brownfield remediation. The buildings will be designed to meet Enterprise Green Communities energy efficiency standards. Massachusetts Housing Investment Corporation will purchase the Low Income Housing Tax Credits. 

Location: Branford
Member: Citizens Bank
Sponsor: Beacon Communities LLC, Branford Affordable Housing, Inc.
Affordable Units: 60 rental units
​Subsidy: $750,000 grant

This project involves acquisition and new construction to redevelop an existing 50-unit property owned by the Branford Housing Authority. The project will create 60 affordable units and seven additional market-rate units. A single low-rise building will house all 67 one- and two-bedroom apartments. Forty-four units will be affordable to households earning less than 50% AMI while 16 units will be for households earning between 51% and 60% AMI. A community room, wellness center, and computer center will be constructed for resident use as part of the project. Landscaping will preserve site trees and encourage passive recreation. The community will be designed to LEED Silver and Passive House standards. Citizens Bank will provide permanent financing.

Location: Hartford
Member: MHIC, LLC
Sponsor: The Cloud Company, LLC, Pennrose Holdings, LLC
Affordable Units: 21 rental units
Subsidy: $850,000 grant

Trinity Street Affordable is part of an adaptive reuse of two historic, former state office buildings, 18-20 and 30 Trinity Street, which will be repurposed into 102 mixed-income units, including the 21 affordable units in this initiative, plus another 81 market-rate units under separate ownership. Trinity Street Affordable’s 21 apartments will be a mix of studios, studios plus den, and one- and two-bedroom units affordable to households earning up to 60% AMI. The affordable and market-rate units will be integrated throughout the two buildings to make them indistinguishable from one another.18-20 Trinity Street will stand five stories tall with a landscaped rooftop terrace, and 30 Trinity Street is four stories and will include ground-floor retail for local businesses and cultural activities. Amenities include multiple community rooms, fitness centers, coworking spaces, and indoor bike storage. A central plaza will offer communal space for all residents. These buildings will undergo a complete rehabilitation to convert former office spaces into appealing residential units. Renovation includes all-electric utilities, new insulation, masonry repointing, and replacement of historic windows. Each unit will meet the Connecticut Housing Finance Authority’s livability standards. MHIC, LLC will provide historic tax-credit financing.

Location: Hartford
Member: Webster Bank
Sponsor: The Michaels Development Company I, LP, Connecticut Housing and Development Corporation
Affordable Units: 50 rental units
Subsidy: $850,000 grant

Mary Shepard Place, Phase I will create 63 rental apartments spread across nine three-story buildings. The complex will include 37 two-bedroom, 20 three-bedroom, and six one-bedroom apartments. Fifty apartments are income restricted: 42 units affordable at 50% AMI and eight units affordable at 60% AMI. This initiative will be built to meet LEED and Enterprise Green Communities standards. This is the first phase of a four-phase project that will create159 units in 23 buildings, replacing and preserving 127 affordable housing units and developing a community building with management offices and 136 parking spaces. Sitework includes demolition of four existing buildings and clean-up of contaminated soils. Webster Bank is providing construction financing.

Location: Lakeville
Member: Torrington Savings Bank
Sponsor: Salisbury Housing Committee Inc.
​Affordable Units: 14 rental units
​Subsidy: $1,161,819 grant and subsidy, $900,000 loan

Holley Place will construct 14 affordable rental homes in the village center. Nine of the homes will be available for households earning less than 30% AMI, one to a household earning less than 60% AMI, and four units to households earning less than 80% AMI. The three-story building will be designed to utilize the sloping site, with parking located at the rear and below the building, which will be accessible via a four-stop elevator. The construction will emphasize environmental sustainability, adhering to Passive House and Energy Star energy efficiency standards. The town is donating the site through a 75-year ground lease. Torrington Savings Bank will provide a construction loan and permanent financing through the AHP subsidized advance.

Location: Naugatuck
Member: Ion Bank
Sponsor: The Cloud Company, LLC, Naugatuck Economic Development Corporation Pennrose Holdings, LLC
Affordable Units: 48 rental units
Subsidy: $850,000 grant

Parcel B Phase II will create 60 one- and two-bedroom apartments in a four-story building in Naugatuck. Located on the downtown riverfront, this building is being constructed on the site of the former Uniroyal manufacturing plant, which made Keds footwear. It is the second phase of a multi-phase, mixed-use, mixed-income development known as the Gateway to Naugatuck and will add residences, commercial space, and publicly accessible recreational space to the main commercial corridor. Of the 48 affordable units, 12 units will be available to households earning less than 30% AMI, 24 will be for households at 50% AMI, 12 for households at 80% AMI, and 12 units will be market-rate. The new building will be constructed to meet Home Energy Rating System and Energy Star building standards and will be equipped with solar panels. Ion Bank will provide construction financing.

Location: ​North Stonington
Member: Liberty Bank
Sponsor: Habitat for Humanity Eastern of Eastern Connecticut, Inc.
Affordable Units: 2 homeownership units
Subsidy: $125,000 grant

Lake of Isles Lots 1 and 2 will create two new single-family raised Ranch-style homes, designed with affordability in mind. The homes will be sold with deed restrictions for first-time homebuyers earning less than 80% AMI. Each open-concept home includes three bedrooms, two full bathrooms, an attached deck, two-car garage, and walk-out basement. The construction will involve volunteers, including prospective homebuyers contributing the habitat sweat equity requirement, and local trade schools subcontracted for utilities. These lots are part of an eight-lot subdivision donated by the for-profit developer to Habitat in order to meet the town’s affordable housing plan requirements. Liberty Bank will provide construction financing.

Awards: $23,523,908 in grants, loans, and interest-rate subsidies
Number of Projects: 12
Number of Affordable Units: 456
Towns + Cities: Augusta, Bath, Biddeford, Kennebunk, Kittery, Lewiston, Portland, Scaborough, and South Portland 

Location: Augusta
Member: Kennebec Savings Bank
Sponsor: Motivational Services, Inc.
Affordable Units: 16 rental units
Subsidy: $850,000

30 Glenridge will provide community-based, supportive housing serving older individuals with severe and chronic mental illness. This newly constructed three-story, clapboard-sided building will include 16 studios affordable for extremely low-income households (30% AMI) served with project-based vouchers through MaineHousing's Supportive Housing Program. Along with affordable rental units, the initiative will include two lounges, a nurse’s station, laundry, and multiple office spaces. The community will meet LEED certification standards and all units will be Americans with Disabilities Act (ADA) accessible. The physical and program design of this initiative is based on a previous successful project from Motivational Services that was funded through AHP. Supportive services include healthcare, mental health and substance abuse counseling, plus occupational therapy, and client case management. Services are funded through MaineCare. Kennebec Savings Bank will provide construction financing.

Location: Bath
Member: Bangor Savings Bank
Sponsor: Bath Housing Development Corporation
Affordable Units: 47 rental units
Subsidy: $1,198,828 grant and subsidy, $928,000 loan

Anchorage South will create 47 rental units, with 39 project-based vouchers and the remaining tenants  from Bath Housing’s adjacent Anchorage Apartments transferred to this new community. Twenty-nine units will be affordable to households earning less than 50% AMI, while 18 units will be affordable at 60% AMI. All 47 units will include one bedroom and will be targeted for older adults. Fifteen units will be accessible. The development will consist of a four-story building containing a community room, meeting room, bike room, laundry, fourth floor terrace, interior courtyard, and the residential units. Bangor Savings Bank will provide permanent financing through an AHP subsidized advance and construction loan financing.

Location: Biddeford
Member: Gorham Savings Bank
Sponsor: Westbrook Development Corporation
Affordable Units: 40 rental units
Subsidy: $1,199,822 grant and subsidy, $1,200,000 loan

Thatcher Brook Apartments I will construct 40 rental apartments, as part of the first of two phases of development on this 3.64- acre site. The city is donating the property for these two affordable housing initiatives. This initiative will create 40 affordable rental homes, with a mix of one- to three-bedroom units for households earning up to 60% AMI. Six units will be designed to meet Americans with Disability Act (ADA) and Accessible and Usable Building standards. Adjacent to the property on Barra Road are numerous natural amenities such as walking trails. This four-story wood-framed building will be designed to be energy efficient and climate resilient, with an efficient building envelope and electric-sourced heating and cooling systems. The site itself has several topographical constraints which will add site development costs. Separated by a legal condominium structure, the combined initiatives aim to create a multi-generational community. Gorham Savings Bank will provide construction financing and a permanent loan supported by an AHP subsidized advance.

Location: Biddeford
Member: Norway Savings Bank
Sponsor: Avesta Housing Development Corporation
Affordable Units: 46 rental units
Subsidy: $1,199,822 grant and subsidy, $1,200,000 loan

Avesta Barra Road LP will create 46 age-restricted rental units. Of these, 28 units will be affordable to households earning less than 50% AMI, and 18 units will be affordable at 60% AMI. All units will be for residents aged 55 and over, with 18 units accessible for people with disabilities. The site is located on undeveloped woodland surrounded by residential and commercial areas. The development will feature a four-story building that includes an office, lobby, community room, laundry facilities, and community green space, in addition to residential units. Construction will adhere to Enterprise Green Communities standards, incorporating features that promote sustainability, energy efficiency, and indoor air quality. Norway Savings Bank will provide the permanent financing through an AHP subsidized advance.

Location: ​Biddeford
Member: Gorham Savings Bank
Sponsor: Westbrook Development Corporation
Affordable Units: 36 rental units
Subsidy: $1,199,822 grant and subsidy, $1,200,000 loan

​The second phase of Thatcher Brook Apartments involves the construction of 36 rental units for residents aged 55 years and older. The development is part of a 3.64-acre site donated by the city to support affordable housing initiatives. Phase II will create affordable one-bedroom apartments for households earning up to 60% AMI. Phase II is located on Barra Road which has nearby natural amenities like walking trails. The three-story, wood-framed building will be designed for energy efficiency and climate resilience, utilizing an efficient building envelope and electric-sourced heating and cooling systems. Separated by a legal condominium structure, the combined initiative aims to create a multi-generational community. Gorham Savings Bank will provide a permanent loan supported by an AHP subsidized advance.

Location: Kennebunk
Member: Kennebunk Savings Bank
Sponsor: Avesta Housing Development Corporation
Affordable Units: 37 rental units
Subsidy: $1,200,000 grant and subsidy, $749,671 loan 

Alewive Park Road is the first of two phases to develop homes for low-income seniors aged 55 and older.  This first phase will include 37 one-bedroom apartments in a two-story, L-shaped building. This underutilized site is owned by Kennebunk Savings Bank and will be split into two lots. Kennebunk Savings Bank will donate the first lot and the second will be preserved for conservation and outdoor recreational use. The building will have a gabled roof and dormers, elevator, community rooms, laundry, and amenities such as outdoor gathering spaces, gardens, and access to the conservation area. Avesta Housing Development Corporation has engaged an architectural firm on the forefront of age-related design, and construction will be to Enterprise Green Communities standards, ensuring a high-performing and energy-efficient building. Residents will have access to the conservation area and gardens. The second phase will be a mirror image of this building maximizing housing on this site. In addition to donating the property, Kennebunk Savings Bank will provide grant funds and permanent financing supported by an AHP subsidized advance.

Location: Kittery
Member: Kennebunk Savings Bank 
Sponsor: Fair Tide, Inc.
Affordable Units: 12 rental units
Subsidy: $1,144,369 grant and subsidy, $1,190,310 loan

Old Post Road will create 12 affordable rental homes targeting homeless individuals and families. Spread across two buildings, the homes will be affordable to households earning less than 30% AMI. The site, located near a large pond with direct trail access, will feature two adjacent two-story buildings connected by a porte cochere. Site work will include removal of contaminated soils, funded by the Southern Maine Planning and Development Commission brownfields program. Each building will include four one-bedroom units and two three-bedroom units. All units will benefit from project-based vouchers through MaineHousing’s Supportive Housing program, ensuring permanent housing for the very-low-income homeless population. The architectural design will blend with the town’s traditional, vernacular style. Kennebunk Savings Bank will provide permanent mortgage financing through an AHP subsidized advance.

Location: Lewiston
Member: Androscoggin Savings Bank
Sponsor: Lewiston-Auburn Area Housing Development Corp. 
Affordable Units: 63 rental units
Subsidy: $850,000 grant

Ramada Senior Apartments is an acquisition and rehabilitation of an existing hotel to create 63 affordable senior housing units. An intergenerational community center will be constructed in a separate project utilizing the hotel’s conference center. The initiative will convert the hotel’s 118 existing rooms into 61 one-bedroom units and two two-bedroom units. Thirty-eight units will be affordable to households earning less than 50% AMI, while 25 units will be for households earning between 51% and 60% AMI. Improvements will include interior demolition, elevator installations, and updated building envelope and utilities. The separate conference center renovation on the site will be developed by the sponsor simultaneously, giving residents on the housing side access to the building’s intergenerational center with a mix of adult and senior programming plus a daycare. The community center will offer programmed interactions such as storytelling and craft sessions between the senior residents and daycare students, leading to enrichment opportunities for both age groups. Androscoggin Savings Bank will provide construction financing.

Location: Portland
Member: Gorham Savings Bank
Sponsor: Avesta Housing Development Corporation
Affordable Units: 48 rental units
Subsidy: $1,199,999 grant and subsidy, $1,246,577 loan

Oxford Street Apartments will include 48 apartments for low-income residents in a building with two wings. The first wing will provide 28 units with project-based vouchers from the Portland Housing Authority for people who have experienced homelessness. The second wing will provide 20 traditional affordable rental units. Twenty-nine units will be available to individuals earning less than 50% AMI, and 19 will be for individuals earning less than 60% AMI. The initiative will be built to Enterprise Green Standards. Gorham Savings Bank will provide construction financing along with permanent debt utilizing a subsidized advance.

Location: Portland
Member: Bangor Savings Bank
Sponsor: Hope Acts
Affordable Units: 13 rental units
Subsidy: $780,000 grant

Hope House will fully rehabilitate 13 existing single-room-occupancy rental apartments for homeless, adult asylum seekers. Hope House serves newly immigrated adults to the United States. Residents are primarily African, most recently from the Democratic Republic of Congo and Angola. Since federal law prevents asylum seekers from working in the United States until they receive a work permit, asylum seekers depend on support from the sponsor and other community organizations to meet basic needs. Once residents receive their work permits, they can begin full-time employment and save money so they can move to independent housing within six to 12 months. All residents have case management plans including English language education and career/vocational training. The property is a former church with three stories, previously converted to housing in the 1970s. Its original 1898 exterior has been preserved. The lower level includes the resident service/meeting space, while the second and third floors house the apartments and provide a laundry room and small storage. While the property will be completely rehabilitated, it will maintain the current floor plan. The finished property will include new floors, doors, cabinets, windows, bathrooms, appliances, LED fixtures, plumbing and drainage, improved fire safety, insulation, and HVAC system. Bangor Savings Bank will provide construction financing.

Location: Scarborough
Member: Gorham Savings Bank
Sponsor: South Portland Development Corporation, South Portland Housing Authority
Affordable Units:  60 rental units
Subsidy: $1,186,923 grant and subsidy, $1,200,000 loan

Marshview Terrace will build 60 age-restricted one-bedroom apartment homes in a new three-story building on four acres in Scarborough. The community will feature common space, outdoor seating, and a community garden. Thirty-six units be affordable for households earning 50% AMI, and 24 will be affordable for households at 60% AMI. The units will be universally accessible, exceeding MaineHousing and federal Americans with Disabilities Act (ADA) requirements. The building will be constructed to meet Energy Star and Passive House standards to ensure livability and high energy efficiency. A solar photovoltaic array on the roof will generate power for the building. Gorham Savings Bank will provide construction financing and permanent debt funded through an AHP subsidized advance.

Location: South Portland
Member: Gorham Savings Bank
Sponsor: South Portland Housing Development Corporation, South Portland Housing Authority
Affordable Units: 38 rental units
Subsidy: $1,199,764 grant and subsidy, $1,400,000 loan

Landry Heights will create 38 age-restricted one-bedroom apartments in four-story building on vacant land. Twenty-three units will be affordable to households at 50% AMI, and 15 units will be affordable to those at 60% AMI. All units will meet or exceed ADA requirements. The building will include ground-floor common space plus an outdoor seating area, solar power on the roof, electrical vehicle chargers, and bike storage. The site is located within an existing community of affordable housing that is within a half mile of parks, various retail services, and public transit. Mental health counseling, primary health care services, financial planning, budgeting courses, and transportation services were be offered to all residents through a variety of agencies. Gorham Savings Bank will provide construction and permanent financing funded through an AHP subsidized advance.

Awards: $10,940,039 in grants, loans, and interest-rate subsidies
Number of Projects: 13
Number of Affordable Units: 276
Towns + Cities: Ayer, Boston, Cambridge, Falmouth, New Bedford, Northhampton, Rowley, South Hamilton, South Yarmouth, Topsfield, Wellfleet

Location: ​Ayer
Member: Leominster Credit Union
Sponsor: Habitat for Humanity North Central Massachusetts, Inc.
Affordable Units: 2 homeownership units
Subsidy: $60,000 grant

12 Newton Street will create two townhomes for first-time homebuyers which will be constructed in a side-by-side duplex. Each will be two stories with a living room and kitchen on the first floor, three bedrooms on the second floor, and a basement totaling approximately 1,200 square feet of living space. The homes will be affordable to households earning less than 60% of AMI and will be highly energy efficient with solar panels on the roof, insulation to meet stretch codes, and Energy Star appliances. Carpentry, plumbing, and electrical students from Nashoba Valley Technical High School will assist with the build and obtain practical experience. These are the fourth and fifth homes that Habitat for Humanity has built in Ayer. The town is highly supportive of these efforts, forming a local project committee to guide future development. Leominster Credit Union is providing a construction line of credit.

Location: Boston
Member: Rockland Trust Company
Sponsor: Vietnamese American Initiative for Develompent, Inc. (Viet AID)
Affordable Units: 18 rental units
Subsidy: $438,324 grant

This project will recapitalize, upgrade, and preserve 18 rental units in two buildings in Boston’s Dorchester neighborhood. Four units will be affordable to households earning less than 30% AMI, eight units will be affordable at 50% AMI, and six units will be affordable at 60% AMI. Two units will be set aside for homeless individuals or households. The Dorchester Avenue property contains 12 single-room occupancy units and 1,700 square feet of ground-floor commercial space. This building will require upgrades to the building systems and the exterior envelope to improve energy efficiency. The Faulkner Street property is a three-story building consisting of three two-bedroom apartments and three three-bedroom apartments. Major capital upgrades are required at Faulkner Street. Rockland Trust Company will provide permanent financing.

Location: ​Boston
Member: Eastern Bank
Sponsor: The Community Builders, Inc.
Affordable Units: 99 rental units
Subsidy: $605,100 grant

900 Morrissey is the conversion of an existing hotel in Boston’s Dorchester neighborhood into permanent studio apartments for 99 formerly chronically homeless seniors. All units will be affordable for extremely low-income seniors (30% AMI). This redevelopment will add kitchenettes, amenity spaces, office space on the ground floor, and social service program space. Site work will include landscaping, improved site circulation and access, and placemaking. This initiative will also be built to Enterprise Green Communities sustainability standards. The Community Builders will partner with the Pine Street Inn to provide support services and daily onsite case management. This initiative represents a critical component of Boston's efforts to end homelessness and a unique opportunity to deliver a significant number of supportive housing units. Eastern Bank will provide construction financing.

Location: Cambridge
Member: East Cambridge Savings Bank
Sponsor: Just-A-Start Corporation
Affordable Units: 3 homeownership units
Subsidy: $210,000 grant

12-14 Laurel Street will construct a new four-unit condominium building in Cambridge to create first-time homeownership opportunities for three low-income households below 80% AMI. The sponsor will continue to own and operate the fourth unit. The property owner is donating this site to support new affordable homeownership in the city. The initiative will demolish the existing structure and replace it with a reconstructed wood-framed building with three three-bedroom homes. The initiative will create new adequately sized family units rebuilt in the same historical Greek Revival style of the original structure. 12-14 Laurel Street will be built to receive Energy Star certification. East Cambridge Savings Bank will provide construction financing.

Location: ​Falmouth
Member: Cape Cod Five Cents Savings Bank
Sponsor: Habitat for Humanity of Cape Cod, Inc.
Affordable Units: 4 homeownership units
Subsidy: $300,000 grant

​Falmouth Gifford Street Community Housing will create four homeownership units through acquisition and new construction. Two units will be affordable at 60% AMI, and two units will be affordable at 80% AMI. Designed to meet or exceed LEED standards, the Cape and Ranch-style homes will include three bedrooms. Each home will be built with two parking spaces and an 8x10 shed if site conditions allow. When site conditions and funding permit, Habitat for Humanity plans to include solar panels as each home is positioned to allow for optimal solar panel placement. Habitat Humanity will be providing services to the homebuyers, such as homebuyer education and credit counseling. Cape Cod Five Cents Savings Bank will be providing construction financing.

Location: New Bedford
Member: BayCoast Bank
Sponsor: Community Action for Better Housing
Affordable Units: 19 rental units
Subsidy: $850,000 grant

Community Action for Better Housing will rehabilitate the historic Talbot Apartments, renovating the 26 affordable rental homes that were damaged during a fire. Seven of these 26 single-room occupancy units (SROs) will be affordable for extremely low-income individuals (30% AMI) and will be reserved for homeless individuals, nine will be reserved for those at 50% AMI, and two will be for individuals earning 80% AMI. Eight units will be market rate. This three-story property was destroyed by a fire in November of 2022, and the interior needs to be completely rebuilt. This includes new energy-efficient plumbing, electrical, and HVAC systems and the installation of a new roof. BayCoast Bank will provide construction and permanent financing.

Location: Northampton
Member: Florence Bank
Sponsor: Pioneer Valley Habitat for Humanity, Inc.
Affordable Units: 4 homeownership units
Subsidy: $260,000 grant

Cooke Ave Affordable Homes will create four accessible homeownership units for residents earning less than 60% AMI. The homes will be located next to a conservation area, while also being within walking distance of a shopping area. Two of the homes will be detached three-bedroom units. The other two units are attached and will be comprised of a two-bedroom, one-story unit and a three-bedroom two-story unit. The units will share a parking lot and driveway and will be part of a homeowners’ association for the four units. All units will be developed to meet all-electric solar ready standard. Florence Bank will provide a line of credit.

Location: Rowley
Member: Massachusetts Housing Investment Corporation
Sponsor: Harborlight Community Partners, Inc.
Affordable Units: 20 rental units
Subsidy: $1,199,374 grant and subsidy, $975,000 loan

Windward Crossing will create 20 new supportive senior housing apartments for low-income income households on donated land as part of a larger mixed-use development that will include housing for individuals with autism and a community center. Of the 20 one-bedroom units, 15 will be available to households earning less than 30% AMI and five units will be available to those earning less than 50% AMI. The building will meet LEED Silver standards for efficiency and will have solar panels on the roof. This two-story building will meet Massachusetts senior design guidelines. Residents will have access to empowerment services, including healthcare and transportation. Massachusetts Housing Investment Corporation will provide conventional permanent financing and subsidized permanent debt supported by an AHP subsidized advance.

Location: South Hamilton
Member: Institution for Savings in Newburyport and its Vicinity
Sponsor: Essex County Habitat for Humanity
Affordable Units: 10 homeownership units
Subsidy: $509,404 grant

Essex County Habitat for Humanity Homeowner initiative will build 10 new homes for low- to moderate- income, first-time homebuyers. This initiative includes five wood-framed, energy-efficient duplexes. Four of the homes will have three bedrooms, two homes will have two bedrooms, and the remaining four homes will include one bedroom. All 10 homes will be affordable for households earning up to 60% AMI. The one- and two-bedroom homes are intended for a new emerging segment of homebuyers: single person or single-parent households who are between 25 and 34 years of age and who are most at risk of leaving the Commonwealth due to high housing costs and lack of available homes for purchase. The homes will be Home Energy Rated System compliant with efficient heating and cooling systems, ventilation, and reduction of indoor and outdoor water use. Institution for Savings in Newburyport and its Vicinity will provide construction financing.

Location: South Hamilton
Member: Institution for Savings in Newburyport and its Vicinty
Sponsor: Harborlight Community Partners, Inc.
Affordable Units: 45 rental units
Subsidy: $1,192,837 grant and subsidy, $3,000,000 loan

Asbury Commons will create 45 new affordable family housing units. Seven units will be reserved for homeless families and supportive services will be provided. The project will feature a mix of one-, two- and three-bedroom units available to households earning below 60% AMI. Residents will have access to a playground, raised garden beds, walking paths, a community room, and a children's play and activity room. The building will be built to Passive House standards and include solar on the roof. Institution for Savings in Newburyport and its Vicinity will provide permanent debt to the project.

Location: South Yarmouth
Member: Cape Cod Five Cents Saving Bank
Sponsor: Habitat for Humanity of Cape Cod, Inc.
Affordable Units: 6 homeownership units
Subsidy: $240,000 grant

Habitat for Humanity of Cape Cod will build six single-family homes for first-time homebuyers. Three homes will be affordable to households earning 60% AMI and three will be for households earning 80% AMI. One home will have a veteran preference. These compact Ranch and Cape Cod-style homes will feature one to three bedrooms and include a shed and two parking spaces. The homes will be built to meet Home Energy Rating System (HERS) standards and Energy Star requirements for tight building envelope, ventilation, heating, and cooling systems. Cape Cod Five Cents Savings Bank will provide construction financing, and USDA will provide long-term below market-rate mortgage financing.

Location: Topsfield
Member: Eastern Bank
Sponsor: The Caleb Foundation, Inc.
Affordable Units: 43 rental units
Subsidy: $800,000 grant

Emerson Homes will construct 44 age-restricted affordable housing units for residents 62 years of age and older. Forty-three units will be affordable units and one will be market rate. A single low-rise building located near the town center will house all 44 units in studio, one-, and two-bedroom configurations. Eleven units will be affordable to households earning less than 30% AMI while seven units will be for households earning between 31% and 50% AMI. Twenty-five units will be affordable to households earning between 51% and 60% AMI. The project site is undeveloped aside from the remnants of an unused baseball field. Approximately nine of 12 acres are unbuildable wetlands. The site design and existing conditions afford ample area for the housing along with open space. The project's exterior design will blend in with the New England architecture and landscape. A new access road will be constructed as part of the scope. The carbon-neutral development will feature all utilities running off electricity, a portion of which will be generated via a solar array installed on the building’s roof. Eastern Bank will provide construction and permanent financing.

Location: Wellfleet
Member: Cape Cod Five Cents Savings Bank
Sponsor: Habitat for Humanity of Cape Cod, Inc.
Affordable Units: 4 homeownership units
Subsidy: $300,000 grant

Wellfleet OKH Community Housing will create four homeownership units, two of which will be affordable to households earning less than 60% AMI and two will be affordable at 80% AMI. The development will consist of two three-bedroom homes and two two-bedroom homes. The project will meet Net Zero energy standards and be built solar ready. The landscape will be designed with native trees, shrubs, and perennials which require less watering and maintenance. Cape Cod Five Cents Savings Bank will provide construction financing.

Awards: $9,056,916 in grants, loans, and interest-rate subsidies
Number of Projects: 3
Number of Affordable Units: 104
Towns + Cities: Conway, Keene, and Portsmouth

Location: Conway
Member: Bangor Savings Bank
Sponsor: Avesta Housing Development Corporation
Affordable Units: 30 rental units
Subsidy: $1,199,694 grant and subsidy, $1,952,041 loan

Avesta River Turn II will create 40 newly constructed units, 30 of which will be affordable at 60% AMI and 10 of which will be rented at market rate. The first phase of this project consisting of 40 units was funded in 2020. This multiphase project will ultimately create 156 units for seniors and families to help meet the need for workforce housing in the area. This phase consists of a three-story wood-framed building built to Enterprise Green standards with rooftop solar photovoltaic panels. It includes an elevator, community room, laundry, community garden, and parking. Bangor Savings Bank will provide construction and permanent financing.

Location: Keene
Member: Mascoma Bank
Sponsor: Monadnock Affordable Housing Corporation, Keene Housing
Affordable Units: 30 rental units
Subsidy: $850,000 grant

Roosevelt West is a new rental development providing 30 rental apartments for families in downtown. The development includes 30 affordable units, with 18 units for households earning less than 50% AMI and 12 units for those earning less than 60% AMI. Six units will be reserved for homeless individuals. Fifteen units will be fully accessible units, designed for and built with a number of accessibility features such as grab bars and automatic door operators, so that residents are able to age in place. All units will receive project-based vouchers under HUD’s Rental Assistance Demonstration program. The two-story building will feature a community room, common bathrooms, laundry facilities, and onsite parking. Mascoma Bank will provide permanent financing.

Location: Portsmouth
Member: Newburyport Five Cents Savings Bank
Sponsor: PHA Housing Development, LTD
Affordable Units: 44 rental units
Subsidy: $1,105,181 grant and subsidy, $3,950,000 loan

1035 Lafayette will create 44 rental units on a one-acre lot as part of an effort to develop a mixed-use campus. This project involves both acquisition and new construction. Of the 44 units, 22 will be affordable at 30% AMI, 15 will be affordable at 50% AMI, and seven will be affordable at 60% AMI. Eleven of these affordable units will provide housing for homeless individuals. Portsmouth Housing Authority Housing Development will collaborate with Haven, Inc., to establish a referral program for homeless individuals ready for permanent residence. The structure will be built to Passive House standards. The site will be leased through a nominal-cost 99-year ground lease. The site is bordered on the east and south by the 182-acre Urban Forestry Center and by the Sagamore Creek Headlands to the north. Currently, the site has a historic church, childcare facility, rectory, and the Landgon Farm Salve Burial Ground, a small cemetery that has been included on the Black Heritage Trail of New Hampshire. All of these historic elements will be preserved. Newburyport Five Cents Savings Bank will provide construction and permanent financing supported by an AHP subsidized advance.

Awards: $800,000 grant
Number of Projects: 1
Number of Affordable Units: 52
Towns + Cities: South Kingstown

Location: South Kingstown
Member: Centreville Bank
Sponsor: SKHA Services & Development Corp., Women's Development Corporation, Housing Authority of the town of South Kingstown
Affordable Units: 52 rental units
Subsidy: $800,000 grant

SKHAS Champagne Heights will create 52 rental townhomes through the construction of 20 individual buildings on land leased from the South Kingstown Housing Authority. Sixteen units will be affordable for extremely low-income households earning 30% AMI, 16 will be affordable for households at 50% AMI, and 20 units will be affordable for households earning 60% AMI. This initiative will replace 40 public housing units through HUD's Rental Assistance Demonstration program. The architectural design will create a village-style townhouse development. All of these buildings will be constructed to Energy Star and Passive House energy efficiency standards. Centreville Bank will provide construction financing.

Awards: $951,500 in grants
Number of Projects: 3
Number of Affordable Units: 33
Towns + Cities: Barre, Greensboro Bond, and Highgate

Location: Barre
Member: Northfield Savings Bank
Sponsor: Central Vermont Habitat for Humanity
Affordable Units: 1 homeownership unit
Subsidy: $51,500 grant

Central Vermont Habitat for Humanity will build a single-family home that will be sold to a household earning less than 80% AMI and remain perpetually affordable as part of the organization’s low-income affordable homeownership program. The donated lot has been cleared, and the existing abandoned home removed. The new 1,200 square-foot home will feature two bedrooms, 1 ½  bathrooms, and will meet ADA accessible standards. The home will be built to meet the needs of the homeowner and Efficiency Vermont’s High Performance Energy Standards. Over 4,000 hours from volunteers will be committed to help complete this project. Northfield Savings Bank will purchase Vermont state homeownership tax credits and invest in this initiative.

Location: Greensboro Bend
Member: Northfield Savings Bank
Sponsor: Central Vermont Habitat for Humanity
Affordable Units: 2 homeownership units
Subsidy: $50,000 grant

​Central Vermont Habitat for Humanity will build a duplex townhome, providing two homeownership opportunities for families earning up to 80% AMI. The building will be a two-story, side-by-side, townhouse-style duplex. One unit will have three bedrooms and two full baths and the other will have four bedrooms and two full baths. To the fullest extent possible, trees cleared from the site will be used in the build. Panelized siding will be constructed off-site and assembled onsite when complete. Central Vermont Habitat for Humanity will work with Efficiency Vermont to meet high-performance energy standards and Energy Star Rating. Northfield Savings Bank will purchase Vermont homeownership tax credits for this initiative.

Location: Highgate
Member: Northfield Savings Bank
Sponsor: Cathedral Square Corporation
Affordable Units: 30 rental units
Subsidy: $850,000 grant

Highgate Village Housing will construct 30 senior rental apartments affordable for residents earning between 30% and 80% AMI. This initiative will be the first senior housing development in Highgate, which will allow seniors to age in place and not be displaced due to lack of affordable opportunities. SASH programming (Support And Services at Home) will be offered to all residents at no extra cost. Cathedral Square Corporation will provide housing retention services through SHINES (Success in Housing - Identifying Needs & Enhancing Support). The building will be a three-story, L-shaped building with two elevators, gym, laundry room, onsite storage, and indoor and outdoor community spaces. A kitchen, lounge, courtyard sitting, and garden planters will help build community. The unit mix incorporates 26 one-bedroom and four two-bedroom apartments, with two ADA-accessible units, and 1 audio-visual accessible unit. All units will be adaptable with design features that support the older population. This initiative is part of a village core revitalization plan for the town. Northfield Savings Bank will provide construction financing.

Awards: $850,000 grant
Number of Projects: 1
Number of Affordable Units: 54
Towns + Cities: Philadelphia, Pennsylvania

Location: Philadelphia
Member: Citizens Bank
Sponsor: Sunday Breakfast Association of Philadelphia (Philly House)
Affordable Units: 54 rental units
Subsidy: $850,000 grant

Philly House Residences involves the construction of 54 micro-units of permanent supportive housing for chronically homeless individuals in Philadelphia’s Center City neighborhood. The project is being developed in response to the unprecedented number of homeless individuals living in this area. Of the 54 units, 16 will be available for individuals earning less than 30% AMI and 38 will be for individuals earning less than 50% AMI. The fully furnished units will include a sleeping area, private bath, and kitchenette. The property will feature large communal spaces, a full-service kitchen, laundry facilities, a rooftop terrace, free wi-fi and computer space and connect to Philly House’s existing dining hall which is being expanded from 160 to 350 seats. All 54 units will be subsidized with project-based vouchers under a 40-year contract through the Faircloth to RAD program. Citizens Bank will provide construction financing.