Approved Affordable Housing Program Initiatives

Awards: $10,095,00 in grants, loans, and interest-rate subsidies
Number of Projects: 6
Number of Affordable Units: 285
Cities + Towns: East Granby, Enfield, Hartford, Naugatuck, and New Haven

Location: East Granby
Member: Massachusetts Housing Investment Corporation
Sponsor: Dakota Partners
Affordable Units: 60 rental units
​Subsidy: $850,000 grant

Meadow Brook Commons will create 60 rental units in East Granby. Fifteen of the units will be affordable to households earning less than 30% of the area median income (AMI), 24 units will be affordable at 50% AMI, six will be affordable at 60% AMI, and 15 units will be affordable at 80% AMI. The site sits in a wooded area with shopping and industrial centers approximately two miles away. The development will consist of three three-story buildings, a one-story clubhouse and fitness center, and two access driveways. Construction will focus on environmental sustainability, adopting Passive House and Energy Star energy efficiency standards. The architectural style will blend in with the existing town. There is potential for a future second phase of this development. Massachusetts Housing Investment Corporation will purchase the Low Income Housing Tax Credits. 

Location: Enfield
Member: Citizens Bank
Sponsor: Impact Residential Development, L.L.C., Foresight Affordable Housing, Inc.
Affordable Units: 56 rental units
​Subsidy: $1,200,000 grant and subsidy, $4,645,000 loan

This initiative involves the construction of 70 family apartments in Enfield ranging in size from studios to one- and two-bedroom rental apartments. Eighteen units will be affordable to households earning up to 30% AMI, 28 units will be for households earning up to 50% AMI, 10 for households earning up to 60% AMI, and 14 will be market-rate units. Eighteen of the affordable units will provide supportive housing for homeless individuals and families with special needs. The project will be comprised of two energy-efficient, four-story, elevator buildings with a community meeting space, a fitness center, and covered parking. These structures will be built to Passive House and Energy Star standards, including solar panels. The site is a former brownfield located within one-half mile of the new high-speed rail station opening in 2026 and will be the first transit-oriented development permitted under the town's new zoning guidelines. Citizens Bank will provide construction and permanent financing.

Location: Hartford
Member: Webster Bank
Sponsor: Pennrose Holdings, LLC, Overlook Development Corporation
Affordable Units: 28 rental units
Subsidy: $850,000 grant

Village at Park River VI-A is part of the sixth phase to replace the former Westbrook Village, a blighted post-war 100% public housing development in Hartford. This project will consist of a four-story midrise building with 32 rental apartments, 28 of which will be affordable to households earning up to 60%  AMI. These one- and two- bedroom units will aim to receive the National Green Building Standard certification. Seven units will be supportive units set aside for individuals with developmental disabilities. The remaining units will consist of 15 apartments available to households earning less than 50% AMI and six apartments for households earning less than 60% AMI. Four units will be market rate. The community building will include a large community lounge, fitness center, and a full management suite. Webster Bank will provide construction loan financing and will also purchase the Low Income Housing Tax Credit equity.

Location: Hartford
Member: Webster Bank
Sponsor: Pennrose Holdings, LLC, Overlook Development Corporation
Affordable Units: 35 rental units
Subsidy: $850,000 grant

Village at Park River VI-B is part of the sixth phase of the former Westbrook Village, a blighted post-war 100% public housing development in Hartford. This phase will create 44 mixed-income one- and two-bedroom rental apartments within a four-story building. The apartments, supported with solar panels to create a high-performance building design, will aim to receive National Green Building Standard certification. Nine units will be supportive housing for individuals with developmental disabilities earning up to 30% AMI, which will be supported by Section 8 vouchers. The remaining units will consist of 18 apartments for households earning less than 50% AMI, eight apartments for households earning less than 60% AMI,  and nine market-rate apartments. The residents will have access to a 3,100—square-foot community building, which features a lounge and fitness center already built as part of a previous phase. Webster Bank, N.A. will provide construction financing and Low Income Housing Tax Credit equity. 

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

The first of three planned phases of development at the site of the former Uniroyal manufacturing plant that made Keds footwear in Naugatuck, Phase I of the Gateway to Naugatuck will add residences, commercial space, and publicly accessible recreational space to the main commercial corridor. This initiative features 60 newly constructed mixed-income apartments in a four-story building with ground-floor commercial space. The site, which was awarded to the sponsor by the municipality following a public RFP process, will require additional environmental remediation prior to construction. Twelve units will be affordable to households earning less than 30% AMI, 24 units will be affordable for households between 31% to 50% AMI, and 12 will be affordable to households between 51% to 60% AMI. This initiative will include 12 market-rate units and be built to Home Energy Rating System and Energy Star standards with solar panels. The state of Connecticut will relocate the commuter rail platform to align with the planned design for the site. Ion Bank will provide construction financing.

Location: New Haven
Member: Liberty Bank
Sponsor: The Cloud Company, LLC, Pennrose Holdings, LLC, New Haven Gay and Lesbian Community Center Inc
Affordable Units: 58 rental units
Subsidy: $850,000 grant

The Strong School project includes 58 units of newly constructed affordable rental apartments in New Haven’s Fair Haven neighborhood. Its design blends the historic rehabilitation of the Horace Strong School, which is listed on the National Register of Historic Places, with 13,900 square feet of new construction in a four-story structure added to the rear of the existing structure. The city selected the sponsor team to realize the goal of revitalizing a neighborhood icon as a vibrant, welcoming community beacon that will bring activity to a long-vacant yet highly visible location along Grand Avenue. The project will be LGBTQ+ affirming, partnering with the New Haven Pride Center to create a safe space in the community for LGBTQ+ persons and allies. Construction will include community space and public green areas while being built to Energy Star standards. A mix of studio, one-, and two-bedroom apartments will house eight households earning up to 30% AMI, 27 households earning between 31% and 50% AMI, 12 earning 51% to 60% AMI, and 11 households earning between 61% and 80% AMI. Liberty Bank will provide construction financing.

Awards: ​$10,008,996 in grants, loans and interest rate subsidies
Number of Projects: 5
Number of Affordable Units: 240
Cities + Towns: Freeport, Lewiston, Scarborough, South Portland, and Waterville

Location: Freeport
Member: Bath Savings Institution
Sponsor: Freeport Housing Trust, Inc.
Affordable Units: 36 rental units
Subsidy: $1,199,237 grant and subsidy, $1,200,000 loan

This project involves the acquisition and rehabilitation of 36 rental homes for low- to moderate-income households in Freeport. The property is an existing Rural Development 515 facility, composed of four two-story buildings arranged in a horseshoe on a wooded, four-acre site adjacent to downtown Freeport. Three of the buildings contain the rental units. The fourth building houses the community room, laundry facilities, and site office. Twenty-two units will be affordable to households earning 50% of the area median income and the remaining 14 will be affordable for households at 60% of the area median income. The sponsor will ensure affordability through the use of 34 Rural Development operating vouchers, consistent with the existing Rural Development restrictions. This preservation effort will restore the buildings' functionality, upgrading kitchens and baths, ensuring accessibility throughout the facility, and replacing the heating and cooling system. External site work and structural improvements will be made. These upgrades will improve the buildings' energy efficiency and performance over the long term, enhancing the livability of the property. Bath Savings Institution will provide permanent debt through an Affordable Housing Program (AHP) subsidized advance. 

Location: Lewiston
Member: Bangor Savings Bank
Sponsor: Lewiston-Auburn Area Housing Development Corp.
Affordable Units: 83 rental units
Subsidy: $1,199,874 grant and subsidy, $1,225,000 loan

As the first phase of a larger effort to revitalize the community, Dewitt involves the construction of 104 new units of mixed-income housing and ground-floor commercial space in downtown Lewiston. The city was awarded a HUD Choice Grant to replace distressed public and assisted housing. This initiative will build two new mixed-use structures and a community plaza. Two existing commercial structures on the site and a parking lot will be demolished as part of this project. The initiative is sited one block from the city's primary commercial corridor and will enhance the appeal of nearby Kennedy Park. Twenty-one units will be affordable to households earning at or below 30% AMI while 42 units will be affordable to households earning between 31% and 50% AMI, 18 will be targeted to households with 51% and 60% AMI, and two will be targeted to those earning 61% to 80% AMI. The initiative will include 21 market-rate units and feature a community room, secure bike storage, and rooftop terraces on both buildings. The buildings will be designed to LEED/Enterprise Green standards, and Bangor Savings Bank will provide an AHP subsidized advance.  

Location: Scarborough
Member: Bath Savings Institution
Sponsor: Preservation of Affordable Housing, Inc.
Affordable Units: 51 rental units
Subsidy: $1,188,896 grant and subsidy, $750,000 loan

3iHome is a 51-unit newly constructed affordable rental initiative for people with disabilities at the Downs in Scarborough. This project will provide community based, independent living options for people with disabilities in a beautiful, well-designed, and technology-enabled property. The property will attain the goal to be fully accessible apartments using assistive smart-home technology. All units at 3iHome will be affordable for households earning at or below 60% AMI. A mobility and technology hub will serve as a workshop to maintain and repair mobility equipment for residents and the public. The development is aiming to achieve Passive House energy efficiency standards. Bath Savings Institution is providing a construction loan and permanent financing through an AHP subsidized advance. 

Location: South Portland
Member: Gorham Savings Bank
Sponsor: South Portland Housing Development Corporation, South Portland Housing Authority
Affordable Units: 43 rental units
Subsidy: $1,195,989 grant and subsidy, $1,200,000 loan

Landry Woods includes 43 newly constructed one-bedroom apartments for households 55 years of age and older in South Portland. The units include HUD Section 8 operating assistance with eight units set aside for households earning at or below 30% AMI, 18 for those earning at or below 50% AMI, and 17 for households earning below 60% AMI. The units will be housed in a three-story building with gabled roofs, a farmer-style front porch, and a solar panel array on the roof. The city has issued a zoning density amendment and site plan approval allowing for this facility to be developed at this scale and size adjacent to existing senior housing on the property. The development team designed the building to incorporate the site's sloping topography and minimize the visual impact of the building. Gorham Savings Bank will provide construction and permanent financing.

Location: Waterville
Member: Bangor Savings Bank
Sponsor: Kennebec Valley Community Action Program
Affordable Units: 27 rental units
Subsidy: $850,000 grant

King Street Apartments involves the construction of a 35-unit mixed-income apartment complex in downtown Waterville, adjacent to the sponsor’s offices. The sponsor’s goal is to build synergies from the organization’s expanded presence in the community while both harnessing the economic growth in the area spurred by Colby College’s investment and protecting the supply of critical affordable housing for the community’s low-income population. Twenty-one units will be affordable to households earning at or below 50% AMI and six units will be affordable to households earning between 51% and 60% AMI. The initiative will include eight market-rate units and feature a community room, office, and a laundry room to foster a higher level of activity and provide a place for needed services and community building activities. The buildings will be designed to LEED/Enterprise Green standards. Bangor Savings Bank will provide construction financing.

Awards: ​$8,213,491 in grants, loans and interest rate subsidies
Number of Projects: 8
Number of Affordable Units: 216
Cities + Towns: Boston, Foxborough, Greenfield, New Marlborough, Pittsfield, and Southampton

Location: Boston (South Boston)
Member: Cambridge Savings Bank
Sponsor: South Boston Neighborhood Development Corporation
Affordable Units: 35 rental units
Subsidy: $850,000 grant 

McDevitt Senior Homes involves the redevelopment of the McDevitt Hall building in South Boston into 35 affordable senior housing units and one resident manager unit. Nineteen units will be affordable to households at or below 50% AMI, and 16 units will be affordable to households at or below 30% AMI, including four units set aside for the homeless. The existing five-story brick building, which once served as a convent, will be preserved and connected to a new addition, expanding the project by 12,985 square feet in the rear yard and serving a critical need for South Boston which is facing rapid gentrification. The design will incorporate both contemporary and historic features to match neighboring buildings. All units will meet adaptable design standards with four units accessible to households with physical impairments and one unit with accessible features for individuals with sensory impairment. Cambridge Savings Bank will provide a construction loan, bridge loan, and permanent financing.

Location: Boston 
Member: Eastern Bank 
Sponsor: Planning Office for Urban Affairs, Inc.
Affordable Units: 20 rental units
Subsidy: $868,217 grant and subsidy, $1,550,000 loan

This initiative involves the construction of a multifamily residential tower in downtown Boston. The AHP-assisted phase of this two-phase development is the construction of 20 new units targeted to low- and extremely low-income households, with 10 units being dedicated to permanently housing homeless individuals and families. The tower is centrally located in the heart of the Chinatown/Midtown neighborhood, amid a boom of luxury residential construction and only steps away from public transportation. The goal of this initiative is to provide secure housing options for a diverse group, including the local Asian community. The design requirements of the tower include a range of features not common with affordable housing and neighborhood development, including a deep foundation, steel structure, fire safety systems, seismic code elements, and an emergency back-up generator. Residents will have access to a range of employment, health, and counseling services through St. Francis House. Eastern Bank will provide a construction loan and permanent financing with an AHP subsidized advance.

Location: Foxborough
Member: Citizens Bank
Sponsor: Affordable Housing and Services Collaborative, Inc., Peabody Housing LLC
Affordable Units: 80 rental units
Subsidy: $650,000 grant

This project calls for the construction of 80 affordable apartments for residents 55 years old and older in a three-story building in Foxborough. The three-story structure will be built to Passive House standards in a New England Colonial style to blend in with the town’s architecture. The wood-framed structure will include two elevators and will be constructed around a village green. Twenty units will be affordable to households earning less than 30% AMI, and the remaining 60 will be affordable for households earning up to 60% AMI. This initiative will include amenities such as pickleball, a fitness center, and bocce courts. This is the second of three phases of development on a 10-acre site ultimately providing 200 rental homes. Because of the demand for and shortage of affordable senior housing in Foxborough, the town has approved the 40B Comprehensive Permit to expedite development and will use state MassWorks funding to support infrastructure development for the site. Citizens Bank will provide construction financing and a Low Income Housing Tax Credit equity investment.

Location: Greenfield
Member: Greenfield Savings Bank
Sponsor: Rural Development, Inc.
Affordable Units: 1 homeownership unit
Subsidy: $53,055 grant

As part of this initiative, an abandoned rural property will be acquired and redeveloped into an affordable, high-quality, energy-efficient home for a first-time home buyer in Greenfield. This property has been vacant for approximately 10 years and is in need of extensive renovations. The scope of work includes asbestos abatement with new insulation, new electrical wiring and plumbing, conversion to electric heat pumps, improvements to the home's exterior, and site work. A new half bath will be added to the first floor along with new kitchen appliances. The home will be sold to a first-time homebuyer earning up to 80% AMI. This three-bedroom home was in receivership and acquired through a partnership with the Commonwealth's Attorney General Neighborhood Renewal division. This partnership with the attorney general's office will streamline the process for acquiring and improving blighted properties throughout the county as identified by the town and the Franklin Regional Council of Governments. This single-family home is in a walkable neighborhood adjacent to the high school, public skating rink, and a public park. The AHP will be layered with MassHousing and other funds to reduce the sales price to the buyer. Greenfield Savings Bank will provide construction financing. 

Location: Greenfield
Member: Greenfield Savings Bank
Sponsor: Clinical & Support Options
Affordable Units: 36 rental units
Subsidy: $850,000 grant

This project involves the acquisition, rehabilitation, and construction of a homeless shelter and 36 permanent supportive housing apartments in Greenfield. The existing two-story, emergency homeless shelter at 60 Wells Street will be substantially renovated. The second story will be converted into 12 permanent supportive housing (PSH) studio units. A new three-story addition, which will house the remaining 24 PSH studios, will be constructed. All 36 PSH units will be affordable at 30% AMI and reserved for chronically unhoused individuals. The emergency shelter includes men's and women's shelter space, a full-service kitchen and cafeteria, laundry facilities, and nursing and caseworker offices. Both the rehabilitation and new construction will be built to Enterprise Green Communities and Energy Star standards. This downtown site is within walking distance of shopping, recreation, and community resources, including public transit. The project has received support from the city and community, including the local housing advocacy coalition, Housing Greenfield. Greenfield Savings Bank will provide construction financing.

Location: New Marlborough
Member: Greylock Federal Credit Union
Sponsor: Construct, Incorporated
Affordable Units: 11 rental units
Subsidy: $1,092,219 grant and subsidy, $1,200,000 loan

This initiative will redevelop and revitalize a vacant, three-story Victorian Berkshire mansion to create 11 affordable apartments in New Marlborough. The project will include one-, two-, and three-bedroom apartments for households between 30% and 60% AMI. Eight units will be created in the original 11,000-square-foot home built in 1890. The annex, which is connected to the main building through a second story porch, will be converted into three townhomes. The main house has an adequate framework, roof and foundation but additional improvements are necessary to improve the water supply, fire safety systems, and upgrade to meet current and future energy efficiency standards. This project will create the first affordable units in the community, helping to offer more housing opportunities for younger and more diverse residents and local small business staff. Greylock Federal Credit Union will provide the permanent financing using an AHP subsidized advance.

Location: Pittsfield
Member: MHIC, LLC
Sponsor: Berkshire Housing Development Corporation
Affordable Units: 28 rental units
Subsidy: $850,000 grant

West Housatonic Apartments V2 will be a newly constructed three-story building with 28 small studio apartments in downtown Pittsfield that will serve as enhanced single-room occupancy units. These apartments will provide affordable, permanent supportive housing, targeting extremely low-income individuals earning up to 30% AMI who are experiencing and at risk for homelessness. The site is made up of two contiguous parcels which are being donated by a private property owner who is deeply supportive of housing people experiencing homelessness. The building will be LEED certified, combining a number of energy efficiency design components to use less energy and water, improving the property's livability and operations for the long term. This initiative is part of a broader comprehensive investment by the city of Pittsfield to address the needs of those experiencing homelessness. This city is investing in a new emergency shelter, new day shelter, and additional permanent supportive housing units along with launching a community engagement initiative. Massachusetts Housing Investment Corporation, LLC will invest in the Low Income Housing Tax Credits. 

Location: Southampton
Member: Pittsifeld Co-Operative Bank
Sponsor: Berkshire County Arc, Inc.
Affordable Units: 5 rental units
Subsidy: $250,000 grant

As part of this acquisition and construction project, a five-unit, fully accessible group home in Southampton that provides affordable housing for five low-income adults with brain injuries will be constructed. The wood-framed, ranch-style home will be built on the large flat portion of a 1.3-acre lot, enabling residents in wheelchairs to have full access to the home and the yard. The home includes a screened in porch, full house generator, fire sprinkler and alarm system, enhanced framing to support ceiling lift systems, and additional parking for staff and visitors. The project design is cost effective and has been refined by staff and residents to enable the residents to live as independently as possible in the community. This design has been used in more than 15 group homes in different communities. Pittsfield Co-operative Bank will provide construction and permanent financing.

Awards: ​$850,000 grant
Number of Projects: 1
Number of Affordable Units: 22
Cities + Towns: North Woodstock

Location: North Woodstock
Member: Union Bank
Sponsor: Affordable Housing, Education and Development (AHEAD) Inc.
Affordable Units: 22 rental units
Subsidy: $850,000 grant

Peeling Village at Gordon Pond involves the acquisition and construction of two buildings in rural North Woodstock to create 29 family apartments, 22 of which will be affordable to low-income families and seven will be market-rate. Three units will be reserved for households earning below 30% AMI, 15 units will be reserved for those at 50% AMI, and four units will be for housing 60% AMI. Additionally, eight units will be set aside for the homeless. The first building will be a 20-unit apartment block and the second will be a nine two-story townhouse-style apartments. These will be built to Passive Housing and Energy Star-rating standards. A future second phase will add another 30 apartments, matching in style and unit configuration. Union Bank will provide construction and permanent financing. 

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

Location: Portsmouth
Member: BankNewport
Sponsor: Church Community Housing Corporation
Affordable Units: 54 rental units
Subsidy: $850,000 grant

On the site of the Anne Hutchinson School in Portsmouth, 54 affordable apartments for adults ages 55 and older along with a new 3,000-square-foot senior center in Portsmouth will be constructed. The new housing and senior center will replace the baseball field and a 1951-era school addition while preserving the original historic 1928 school structure. The new three-story building will be named in honor of Portsmouth artist and Church Community Housing Corporation founder Ada Bethune. The building will include 40 one-bedroom and 14 two-bedroom apartments and target households earning from 30% to 80% AMI. All 54 apartments and common areas will be designed to be fully accessible. The building will be built to Passive House and Energy Star rating standards to ensure long-term livability and energy efficiency. Portsmouth is partnering with the sponsor to build new housing, create new recreation space, preserve the historic school and replace the local senior center which was closed in 2021 due to fire code issues. As a result of their collaboration, the senior center with thrift shop and office spaces will be developed on site and available to the residents. The recreation space, replacing the baseball field, will be leased back to the town. BankNewport will provide construction financing.

Awards: ​$5,145,543 in grants, loans and interest rate subsidies
Number of Projects: 5
Number of Affordable Units: 169
Cities + Towns: Arlington, Essex Junction,Newport, Randolph, St. Johnsbury

Location: Arlington
Member: Berkshire Bank
Sponsor: Shires Housing, Inc.
Affordable Units: 30 rental units
Subsidy: $960,543 grant and subsidy, $785,000 loan

This initiative involves the rehabilitation of 12 buildings in the historic district of downtown Arlington to restore 30 affordable apartments and one commercial store. Arlington Village Center represents the largest affordable housing community in the town and contributes to the district's historic character. Nine buildings, dating back to the mid-1800s, are designated as historic. This redevelopment effort will restore site infrastructure, undertake deep energy retrofits to improve the buildings' performance and livability, and complete significant exterior and interior renovations. All together this rehabilitation will breathe new life into this keystone development. The onsite storage barn will be replaced with a biomass district heating plan to serve the historic residential buildings. The 30 apartments will serve 18 households at 50% AMI and 12 households earning between 51% and 80% of AMI. Berkshire Bank will provide permanent debt financed with a subsidized advance and invest in the federal Low Income Housing and Historic Tax Credit Equity.

Location: Essex Junction
Member: Northfield Savings Bank
Sponsor: Cathedral Square Corporation
Affordable Units: 65 rental units
Subsidy: $850,000 grant

The Whitcomb Woods Revitalization initiative involves the recapitalization and rehabilitation of a 65-unit service-enriched, affordable housing community for adults ages 65 and older in Essex Junction. Originally built in 1981, the property includes five one- and two-story buildings. The rehabilitation will include upgraded structural elements such as the roof, site work and drainage, building systems (fire safety, new boilers) and a range of energy-efficiency and accessibility improvements, ensuring long-term livability and affordability. The project's amenities include onsite parking, a community room with kitchen and dining room tables for events, a lounge with fireplace, laundry, Support and Services at Home (SASH) coordinator and wellness nurse offices, and resident storage space. The facility will include several smaller resident common areas for reading, puzzles, pool table, exercise, and onsite garden beds. Thirty-nine units will be affordable for households earning 50% AMI, 25 units for households earning up to 60% AMI, and one unit will be reserved for the SASH program manager, affordable at the 80% AMI level. This initiative will be the second of two affordable housing condominiums comprising the Whitcomb Common Interest Community, a critical community asset and affordable housing facility. Northfield Savings Bank will provide the permanent financing. 

Location: Newport
Member: Community National Bank
Sponsor: Gilman Housing Trust, Inc.
Affordable Units: 12 homeownership units
Subsidy: $850,000 grant

The second of a three-phase project, The Lofts at Sacred Heart involves the acquisition and rehabilitation of the vacant Sacred Heart school building in Newport to create 24 homeownership loft-style condominium units. Twelve units will be affordable to households earning less than 80% AMI, and 12 units will be affordable to those at 120% AMI. The mix of one-, two-, and three-bedroom units will include one to two and a half bathrooms. The building is a steel-framed brick building and protected under the National Historic Preservation Act. Universal design standards and techniques to improve energy efficiency, water reduction and indoor air quality will inform the building's conversion. The project is the second phase of a three-phase project on this 8.4-acre site, which includes the conversion of the existing convent (phase one), adaptive reuse of the school, and development of a neighborhood with rental apartments and single-family homes (phase three). Community National Bank will provide construction loan financing.

Location: Randolph
Member: Northfield Savings Bank
Sponsor: Randolph Area Community Development Corporation
Affordable Units: 32 rental units
Subsidy: $850,000 grant

As part of the first phase of a two-phase development initiative, three existing buildings with 25 rental apartments will be acquired and rehabilitated and a new building with seven units will be constructed in three properties in Randolph. The 32 units will be affordable for very low-income to moderate-income households. The redevelopment of the three existing buildings located on Forest and Church streets will range from modest renovations to more substantial rehabilitation of structural components and systems based on the ages of the buildings. This initiative will result in livable, energy efficient, and sustainable buildings. The seven-unit newly constructed building at Hedding Drive will enable onsite relocation of existing tenants at the other buildings. The sponsor will reuse the existing 25 units, preserving their longtime affordability. The second phase will add another 21 new units, which will be constructed at Hedding Drive. Northfield Savings Bank will provide construction financing and purchase Vermont state low-income housing tax credits and downtown development credits. 

Location: St. Johnsbury
Member: Passumpsic Savings Bank
Sponsor: Evernorth, Inc., Gilman Housing Trust, Inc.
Affordable Units: 30 rental units
Subsidy: $850,000 grant

Packard Court is the construction of a new four-story, 30-unit senior housing facility in downtown St. Johnsbury that is part of a comprehensive downtown revitalization initiative that includes neighborhood infill, building renovation, business growth, and diverse types of housing. This building fills in a gap on Main Street and will include nine one-bedroom and 21 studio apartments, along with office and common space for residents and service providers. Twenty-four units will be affordable to households earning less than 50% AMI. The remaining six units will serve households earning up to 80% AMI.  The U.S. Department of Housing and Urban Development's Section 202 funding will provide both permanent financing and rental assistance to the 24 low-income households. Of these 24 units, six will be reserved for tenants exiting homelessness referred through Northeast Kingdom Community Action’s Coordinated Entry Program. All residents will be eligible to receive services under RuralEdge’s Support and Services at Home (SASH). The building will be built to Efficiency Vermont's high-performance standards and include an elevator, onsite laundry, a pocket park, and parking for 16 vehicles. Passumpsic Savings Bank will make an equity investment in the Low Income Housing Tax Credits.

Awards:  $1,880,185 in grants
Number of Projects: 3
Number of Affordable Units: 110
Cities + Towns: Philadelphia, Pennsylvania

Location: Philadelphia
Member: Citizens Bank
Sponsor: Women's Community Revitalization Project
Affordable Units: 32 rental units
Subsidy: $530,185 grant

Located in West Philadelphia’s Mantua neighborhood - which is experiencing rapidly rising rents - Abigail Pankey Apartments will include 32 newly constructed rental units affordable to households earning 60% AMI. The project includes the acquisition and consolidation of 15 vacant lots. The units will consist of 22 two-bedroom units and 10 three-bedroom units. Eight units will be fully accessible for individuals with physical needs and two units will be accessible to individuals with hearing/visual impairments. The building will also have a community room with a kitchen and gathering space, as well as bike storage, management office, and a supportive services office. Additionally, seven units will be reserved for homeless households. The building will be built to Enterprise Green Communities and Zero Energy standards. This development’s location is well served by public transit and is adjacent to many amenities and connected to employment hubs of the nearby University City and businesses in Center City. Citizens Bank will provide construction loan financing.

Location: Philadelphia
Member: Citizens Bank
Sponsor: NewCourtland
Affordable Units: 48 rental units
Subsidy: $850,000 grant

As the first phase of a two-phase project to develop a vacant plot in a formerly industrial corridor, Clearfield Apartments in Philadelphia will create 48 one-bedroom rental units for low-income seniors. Sixteen units will be affordable to households earning less than 30% AMI and 32 units will be affordable at 50% AMI. Located in an area that is the focus of significant redevelopment and investment, this project consists of a four-story building with on-site laundry, free internet, community room, kitchenette, and offices for management and services. The units average 605 square feet. six units are wheelchair accessible and two will be accessible for individuals with hearing and visual impairments. The design is focused on sustainability and will be built to achieve Zero Energy Home Ready certification. The site will ultimately consist of two buildings – this apartment building and a separate commercial building with parking spaces in between. Citizens Bank will provide construction financing. 

Location: Philadelphia
Member: Citizens Bank
Sponsor: HACE
Affordable Units: 30 rental units
Subsidy: $500,000 grant

St. Hugh Lofts is the adaptive reuse of a former historic school building into 30 one-bedroom affordable apartments for seniors in North Philadelphia. This redevelopment will include the addition of a third-floor, adding an additional 13,000 square feet. Ten units will be affordable to seniors earning less than 20% AMI, ten units will serve households at 30% AMI, and 10 units will serve households at 50% AMI. Eight units will be reserved for homeless households. This property will use HUD 202 capital financing and operating subsidies to preserve affordability. To accommodate the needs of aging seniors, the initiative will include services that will enable the residents to live independently including on-site primary health care services. The rehabilitation and construction will be highly efficient and incorporate green building design. The exterior will include a covered porch and raised planter beds for residents to garden. The initiative is considered an anchor building and critical to the overall development plan of the neighborhood. The Philadelphia Office of Housing and Community Development Neighborhood Redevelopment Plan has created a framework for additional investments focused on creating a distinctive Latino business, cultural, and residential “community of choice”. Citizens Bank will provide construction financing.