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Laconia Area Community Land Trust Saves 65 units of Affordable Housing

1/9/2017

3 Comments

 
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Laconia Area Community Land Trust (LACLT) recently completed a 65 unit preservation project purchasing 40 units in Ashland and 25 units in Meredith.  Originally developed with Rural Development USDA financing, the affordability for the Meredith units was due to expire now and the Ashland units in a few years.  By creatively consolidating the two properties, LACLT was able to save the imminently expiring 25 units as well as preserve the other 40 units as permanently affordable.

The housing was originally developed by the late Dave Hodges Sr. of the Hodges Companies. The company wanted to honor his legacy and commitment to affordable housing and approached LACLT to do so.  LACLT was among the first in the nation to work with Rural Development to creatively purchase, refinance, and renew the subsidy and affordability of these expiring projects. “We’re grateful to the Hodges Companies who could have easily put them on the market and sold to the highest bidder-  and to Rural Development who went the extra mile to make this successful” said LACLT founding Executive Director Linda Harvey.

In honor of Harvey the properties have been renamed Harvey Heights.  She states, “Saving decent affordable housing means saving a critical community asset.  I was very surprised      and honored to learn that the LACLT staff and Board chose this name for the properties. Affordable housing is an integral part of any community’s healthy housing mix, ensuring diversity, opportunity, and a labor force for essential community services.”
LACLT will seek financing for rehab and upgrades to the 65 units. Upgrades will include new energy efficient heating systems, replacement of windows to improve building envelope, replacement of roofs, on-site recycling, and many others.  


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3 Comments
Dianna Green link
1/10/2018 02:04:08 pm

I am a resident of Harvey Heights in Ashland. I am anxiously awaiting to hear if the grant has gone through for the building construction. Please let me know as soon as possible. My number is 254-4948 Thank you,, Dianna Green Apt. 12

Reply
Caitlin
1/10/2018 02:16:22 pm

Hello Dianna,
Thank you for your comment. Our Real Estate Director will be in touch with you by the end of this week.

Best,
Caitlin

Reply
Charlotte Surveyor Group link
11/5/2021 02:29:00 am

Great location!

Reply



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193 Court Street, Laconia, NH 03246   •   603.524.0747
© 2019 Lakes Region Community Developers

  • HOME
  • FIND A HOME
    • Rental Opportunities
    • Home Buyer Education
  • ABOUT US
    • Current & Recent Projects >
      • Request for Proposals
      • Gale School Fundraising
    • Faces of Affordable Housing
    • Plans & Reports
    • Leadership
    • Housing & Economy Snapshot >
      • 2020
      • 2021
    • Take the Wheel NH
    • Careers
  • CONTACT US
  • LATEST NEWS
  • RESIDENT RESOURCES
    • Resident Services >
      • Resident Handbook
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