Ashland Project Underway
After many months of hard work, LRCD closed on the financing package for a $4 million rehabilitation project on our 40 unit apartment complex in Ashland (known as Ledgewood Estates). The property will be called Ames Brook Apartments after renovations are complete.
We are grateful to our partners at USDA Rural Development, NH Housing, Raymond James, NH Community Development Finance Authority, the Town of Ashland, Federal Home Loan Bank of Boston, and Franklin Savings Bank for working with us to fund this much-needed renovation project and bring this property up to our healthy housing standards. We also thank NeighborWorks America and Rural LISC for their support throughout the pre-development stages of this project.
Stewart Associates Architects is providing all architecture services and North Branch Construction was selected as the construction manager. Planned renovations will improve life safety systems, indoor air quality, accessibility, and energy efficiency.
Ashland Project Team at Preconstruction Meeting.
Pictured L to R: Nick Trudel of North Branch Construction, Jim Schwarzkopf of North Branch Construction, Peter Stewart of Stewart Associates Architects, Kevin Leonard of Northpoint Engineering, Greg Malette of North Branch Construction, Shaun Malone and Ken Heath of NH Housing
The good news is that the new state budget contains several provisions to help address New Hampshire’s housing crisis. The bad news is that the budget was not finalized before the June 30th deadline, and legislative leaders and the Governor have yet to agree on a way forward.
In the meantime, a continuing resolution was approved that funds all state programs at the same level as last state fiscal year. Unfortunately, the fate of many good proposals to address the housing affordability crisis hangs in the balance until the budget is finalized. Read Housing Action NH’s latest update for details.
Help Build Affordable Starter Homes
$150,000 in NH State Business Tax