Winter Street School Apartments is a historic re-use project located in Haverhill and sponsored by the Planning Office for Urban Affairs (Archdiocese of Boston). The state will support the project with low-income housing tax credits and state bond subsidies, and the city of Haverhill also will support the project. When completed, it will include 12 affordable units for families, with three units reserved for households earning less than 30 percent of area median income.
“The whole Merrimack Valley delegation worked hard on this housing bond bill,” Moran said.
“State Rep.Brian Dempsey (D-Haverhill) was a big influence on this as well. We’re fighting at the state house for every penny we can get for Lawrence so we can turn this city around. So, this really helps,” he said.
Lawrence and Haverhill were among 17 communities that benefited under the housing finance plan announced yesterday by the governor. Patrick signed H.3492, “An Act Financing the Production and Preservation of Housing for the Low and Moderate Income Residents.”
The bill provides $1.4 billion over five years for 11 capital funding programs “that rehabilitate and modernize state-assisted public housing; preserve the affordability and income mix of state-assisted multifamily developments; and support home ownership and production of rental housing opportunities for low and moderate income residents, elderly, persons experiencing homelessness, persons with disabilities and veterans,” according to a statement by the governor’s office.
“Creating or preserving affordable housing helps to generate jobs, grow local businesses and strengthen our communities” Patrick said.
“Government’s role is to help people help themselves, and sustainable affordable housing will create growth and opportunity in our communities that will last for generations to come.”
Of the 1,145 units preserved or created, 1,084 will be affordable to low- and moderate-income individuals and households, with 228 units reserved for extremely low-income families, including those making the transition from homelessness, according to the governor.