Laconia Area Community Land Trust Receives Over $1.3 Million for Workforce Housing

New Hampshire Housing approves funding to build development near downtown Laconia

New Hampshire Housing’s Board of Directors recently approved over $1.3 million in federal HOME funding for Laconia Area Community Land Trust (LACLT) to construct a new workforce housing development near downtown Laconia.

The new development, called River’s Edge, will provide a mix of one and two-bedroom apartments. The apartments will be offered at rates that are affordable to the local workforce, and residents will have access to a Resident Services Coordinator who will offer advice and service referrals. The development, which will be located directly across the Winnipesaukee River from city hall, will also include a river walk. The river walk is just one component of a larger city effort to connect the downtown with residential neighborhoods.

In addition to this latest round of funding, River’s Edge will leverage significant private investment for affordable housing construction through the sale of federal Housing Tax Credits previously awarded by New Hampshire Housing. The Housing Tax Credit program has a proven track record of creating effective public-private partnerships, boosting economic activity by creating jobs, and reducing the need for direct public subsidies.

“We were happy to respond to the City’s request to develop this property,” said Linda Harvey, Executive Director of LACLT.  “It’s a very challenging site but will yield a great resource.  River’s Edge will provide 32 smaller-sized units that are all handicap-accessible, and the convenient downtown location provides shopping and services.  We are grateful for this financing that will move the project forward.”

“For many working individuals and families, making rent can pose a challenge if rates are high,” said Dean Christon, Executive Director of New Hampshire Housing. “Workforce housing developments like River’s Edge provide people with safe, quality housing at rates that are affordable. We’re pleased to be able to support this project, and we’re looking forward to seeing the impacts it has on the Laconia community.”

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2 Comments

  1. Angela Bolaños

     /  May 29, 2014

    I need a 2 or 3 bedrooms for my two girls and I am single mom and I need a place where they are my daughters I can qualify for this type of apartment you have all my papal 3236716705
    Adress 500 S.Union Dr #402 Los Angeles VA 90017

    Reply
    • Amanda Flitter

       /  May 30, 2014

      Angela,

      If you want to move to New Hampshire, we do offer Section 8 rental assistance. However, please note that waiting times are currently 8-10 years. You can find a copy of the application (along with other information about the program) here: http://www.nhhfa.org/rental-housing-apply.cfm.

      An alternative is our searchable Directory of Assisted Housing, which lists rent-assisted properties across the state: http://www.nhhfa.org/rental-housing-directory-assisted-housing.cfm. These properties may have their own applications and waiting times. The Directory of Assisted Housing also lists all the housing authorities in the state, which often have their own Section 8 and public housing programs as well. Their Section 8 waiting lists are separate from New Hampshire Housing’s waiting list. We encourage people who are seeking assistance to apply to as many properties and programs as possible due to differences in waiting periods.

      Our website also has listings of subsidized apartments that are available for rent: http://www.nhhfa.org/rental-housing-vacant-unit-listing.cfm.

      If you have any questions, please feel free to call our Assisted Housing division at (800) 439-7247.

      Reply

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