Ames Brook Apartments
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 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.
LRCD welcomes you to watch this four-minute virtual tour of Ames Brook Apartments. To read the full press release, click here.
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 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.
LRCD welcomes you to watch this four-minute virtual tour of Ames Brook Apartments. To read the full press release, click here.
Gale School
LRCD is honored and excited that Save Our Gale School (SOGS) asked us to redevelop this beloved historic building in Belmont, NH. Our initial concept is that the Gale School will be a community facility housing a daycare and other services needed in the region. We are in the very early stages of our process.
Our goal is to complete initial plans for redevelopment this winter, and then to assemble the financing necessary for construction, ideally by the end of 2021. If all goes well, we may be able to start construction in 2022.
Check out drone video of the building being moved captured by Bruce Atkinson and photos of the Gale School below.
Our goal is to complete initial plans for redevelopment this winter, and then to assemble the financing necessary for construction, ideally by the end of 2021. If all goes well, we may be able to start construction in 2022.
Check out drone video of the building being moved captured by Bruce Atkinson and photos of the Gale School below.
Harriman Hill Homes
LRCD, in partnership with The Eastern Lakes Region Housing Coalition, is developing 20 affordable starter homes that will be sold to families making 75% to 120% of area median income. After several fits and starts, we hope to begin construction in summer 2021.
In recent years, LRCD has observed demand for affordable starter homes by families who live and work in the Lakes Region year-round. Many families seeking to live in our rental homes make too much money to qualify (as an example, the federally prescribed household income limit for a family of four is between $40,000 and $45,000). There are very few decent and affordable rental options for families over this modest income limit, and there is no way they can afford to buy a home with the median sales price being $260,000 in Carroll County.
Housing costs in the Lakes Region have outpaced local incomes for many years, but especially over the past decade. Since the 2008 recession, for-profit developers have found it increasingly difficult to build starter homes due to the increased costs of land, regulation, and building materials. With fewer starter homes being built and second home owners consuming much of the starter home inventory that we do have, many working families simply cannot afford to live here.
In recent years, LRCD has observed demand for affordable starter homes by families who live and work in the Lakes Region year-round. Many families seeking to live in our rental homes make too much money to qualify (as an example, the federally prescribed household income limit for a family of four is between $40,000 and $45,000). There are very few decent and affordable rental options for families over this modest income limit, and there is no way they can afford to buy a home with the median sales price being $260,000 in Carroll County.
Housing costs in the Lakes Region have outpaced local incomes for many years, but especially over the past decade. Since the 2008 recession, for-profit developers have found it increasingly difficult to build starter homes due to the increased costs of land, regulation, and building materials. With fewer starter homes being built and second home owners consuming much of the starter home inventory that we do have, many working families simply cannot afford to live here.
