North Andover Affordable Housing Trust Laurie Burzlaff chair First - - PowerPoint PPT Presentation

▶

Oct 08, 2022 382 likes •460 views

North Andover Affordable Housing Trust Laurie Burzlaff chair First created trust in 1988 Passed CPA 2001 Sequence at 3% Replaced original trust with MAHT 2006 Home Ownership Program Partnership with Bread and Roses Housing in Lawrence. New

SLIDE 1

North Andover Affordable Housing Trust

Laurie Burzlaff chair

SLIDE 2

Sequence

First created trust in 1988 Passed CPA 2001 at 3% Replaced original trust with MAHT 2006

SLIDE 3

Home Ownership Program

Partnership with Bread and Roses Housing in Lawrence.

SLIDE 4

New Construction

North Andover MAHT’s 3rd project with Bread and Roses. Home renovations for the 4th and 5th projects beginning this fall.

SLIDE 5

Funding Sources

CPA

Community Preservation Act $100,000 per year

Edgewood

Continuing Care Retirement Center $800,000

Merrimack Condos

40B $195,000

SLIDE 6

Past Housing Investment

Stevens Corner 42 units of family rental Past nursing home Redeveloped by non‐profit NOAH CPC contributed $1,350,000

SLIDE 7