Latest News: April 2023

4/14/2023

Housing Champion of the Month: Sheehan Phinney

"We are proud to support LRCD’s work as a non-profit housing developer. Groups like LRCD are in this for the long haul, and we realize it is a privilege that LRCD lets us partner with them in their efforts to create new affordable housing opportunities in the Lakes Region. We are honored and humbled that LRCD lets us be a small part of helping them achieve their mission.”

– Ken Viscarello, Chair, Affordable Housing Group at Sheehan Phinney

We need the financial support of our local business community in order to produce more units of affordable housing for essential workers. Most housing developments that we undertake cost us $150,000 to $300,000 before we can get a shovel in the ground.

Email CLorentz@LRcommunitydevelopers.org today if your business would like to be a Housing Champion.

LRCD Receives Grant from Greater Lakes Region Children's Auction

Lakes Region Community Developers (LRCD) is proud to announce we were recently awarded a $20,000 grant from the Greater Lakes Region Children’s Auction. The grant will help support LRCD’s Affordable Housing Program, which is responsible for developing and managing affordable rental housing throughout the Lakes Region, including Belknap, southern Grafton, southern Carroll, and northern Merrimack counties.

Through our mission to create opportunities for the Lakes Region to thrive by developing healthy homes, creating vibrant community assets, and engaging residents, LRCD continues to work to address the dire need for affordable rental housing for people of low income in the Lakes Region.
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Lakes Region Community Developers Executive Director, Carmen Lorentz accepts grant award check from Children’s Auction Executive Director, Jenn Kelley

Towns Can Now Use TIFs for Affordable Housing

In order to build housing that is affordable, it typically has to be higher density. For example, a developer building 50 attached townhouse style units on a site can sell each for less than they could sell 10 houses on subdivided lots on the same site. This is because the construction costs can be spread out over more units. In order to achieve higher density though, water and sewer infrastructure is necessary.

Many towns in the Lakes Region do not have adequate water and sewer infrastructure to accommodate dense residential development. There is now a solution to help break down this barrier.

LEARN MORE by reading the Op-Ed published in the Laconia Daily Sun by LRCD Executive Director, Carmen Lorentz.