Lakes Region Community Developers and Pemi Valley Habitat for Humanity Announce Collaboration to Build More Affordable Single-Family Homes
LACONIA / PLYMOUTH – Lakes Region Community Developers (LRCD) and Pemi Valley Habitat for Humanity (PVH) together are proud to announce their new collaborative relationship effective August 1, 2022. The goal is to help both organizations bring more affordable, single-family homes to Lakes Region and Pemi Valley communities.
Through this agreement, LRCD will endeavor to incorporate single family home lots into their site plans when planning a new rental housing development. The lots would then be subdivided and sold to PVH at a price that works with their home building model. The PVH single family build opportunities will then be shared with LRCD tenants who have a goal of homeownership.
“We are very excited about this new relationship with PVH,” states Carmen Lorentz, LRCD Executive Director. “By leveraging the strengths of each of our organizations, LRCD and PVH can create new home ownership opportunities for families of low and moderate income.”
“We have been searching for ways to increase our pipeline of homebuilding projects. Partnering with LRCD is a terrific opportunity to do that,” says Frank McClain, PVH Executive Director. “Through this collaboration, PVH will be able to make the dream of home ownership come true for more families.”
LRCD and PVH have plans for their first project collaboration at the proposed Village at Mill Pond in Ashland. LRCD seeks to build up to 60 rental apartments for essential workers, 24 apartments for seniors of low income, and will subdivide four single family lots on the site for PVH to develop.
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