LRCD Completes Renovation Project on Ashland Apartment Complex
Virtual Open House Now Available!
Lakes Region Community Developers (LRCD) recently completed renovations on Ames Brook Apartments, a 40-unit apartment complex located on Ledgewood Lane in Ashland.
The property was built in 1975, and in an effort to preserve it as part of the Lakes Region’s affordable housing stock, LRCD purchased it in November 2016. It took three years for them to assemble the five million dollars needed for improvements. Construction began in July 2019.
LRCD’s vision is for everyone to live in a healthy home – one that is energy efficient, has excellent indoor air quality, and is free of any hazardous materials such as lead paint, asbestos, or mold. Ames Brook Apartments required significant rehabilitation to bring it up to LRCD’s healthy housing standards.
Working with Stewart Associates Architects, NorthPoint Engineering, and North Branch Construction, the renovation transformed the property inside and out, improving safety, accessibility, ventilation, energy efficiency and aesthetics.
Exterior upgrades included a new parking lot, new roofs, new windows, decks, additional insulation and more, while on the inside there are new kitchens, new bathrooms, and carpets replaced with low VOC vinyl flooring. The fire alarm system was upgraded and a sprinkler system was installed. In addition, two of the 40 units were converted into fully ADA compliant apartments, where none were available before. Common areas also received a face lift.
Ames Brook was LRCD’s first occupied rehabilitation project, adding a new layer of complexity to the process. Residents had to be relocated to new apartments, with some of them having to move twice. LRCD is grateful for their cooperation and good humor through 14 months of construction.
LRCD wishes to thank the following organizations without which the project would not have been possible: Raymond James Tax Credit Fund, New Hampshire Housing Finance Authority, Franklin Savings Bank, New Hampshire Community Development Finance Authority, the US Department of Housing & Urban Development, the US Department of Agriculture – Rural Development, Federal Home Loan Bank of Boston, Rural LISC, NeighborWorks America and the Town of Ashland.
Ames Brook Apartments is managed by The Hodges Companies of Concord, who has provided third-party property management services for LRCD for 13 years.
“This was a challenging project, but we are immensely proud of it,” said Carmen Lorentz, LRCD’s Executive Director. “It’s so gratifying to hear from the tenants how much they love their new apartments.”
LRCD welcomes you to take a virtual tour of the new Ames Brook Apartments to see all the improvements. Visit LRcommunitydevelopers.org for the Ames Brook Apartments Virtual Open House.