On Thursday, June 7, Twin Pines Housing will hold a Ribbon Cutting for Parkhurst Community Housing at 4:30 pm at 10 Parkhurst Street in Lebanon, NH, followed immediately by the 2018 Annual Meeting at Upper Valley Senior Center, 10 Campbell Street, Lebanon. Refreshments will be served.
The 2018 Annual Meeting Agenda and slate of Board candidates can be viewed HERE
The 2017 Annual Meeting Minutes can be viewed HERE
Improving and increasing affordable, in-town housing for seniors and those with disabilities is what Hanover’s Article 17 is about.
Summer Park, adjacent to the Black Community Center, is Hanover’s only affordable senior housing and is comprised of three, 1970’s-era buildings with 8 apartments each. These 24 studio and one-bedroom apartments are in need of replacement and are energy inefficient with costly electric heat. The 12 second-floor units can be accessed by stairs only, making them unsuitable by seniors or disabled residents with poor mobility.
The Town of Hanover has tasked Twin Pines Housing, the region‘s nonprofit affordable housing provider, with redeveloping Summer Park. Twin Pines Housing and the Town had previously worked together on the development of the mixed-income community at Gile Hill. If approved, Article 17 would transfer Summer Park and an adjoining property to Twin Pines Housing, which would be responsible for the redevelopment of Summer Park. The first phase would involve the construction of a new, energy-efficient, 24-apartment building. A second phase will allow for additional units to serve seniors and disabled residents.
View Information about Article 17 and Answers to Frequently Asked Questions
Twin Pines Executive Director Andrew Winter was featured in the Spring 2018 edition of Valley News ENTERPRISE Business Magazine. Click here to read the article.
On Monday, April 16, Vermont Housing Finance Agency awarded Federal Tax Credits to Twin Pines Housing’s development on Sykes Mountain Avenue. The property, which is less than one mile from downtown White River Junction, will create 30 units of mixed-income housing.
“This project will help address the continued need for affordable workforce housing in the Upper Valley,” said Andrew Winter, Executive Director for Twin Pines Housing. “Trends are showing that the cost of housing is outpacing the incomes of most people who live in the area. These apartments will be available for a wide range of incomes, including those who earn less than 50% of Area Median Income (AMI) as well as families that make between 80% and 120% of AMI,” Winter said.
Architect gbA has been designing affordable housing for years, and has developed plans for a highly energy efficient and environmentally sustainable community. Final designs and permitting are in process, and construction is expected to begin in July.
Twin Pines Housing recently received approval for a $500,000 line of credit through New Hampshire Charitable Foundation’s Impact Investing Program. The line of credit will provide access to valuable working capital during the predevelopment phase of construction of approximately 100 units of affordable housing in the Upper Valley .
“We’re grateful to New Hampshire Charitable Foundation and the many donors who have made this line of credit possible,” said Andrew Winter, Executive Director for Twin Pines Housing. “We currently have five projects in various phases of development. Having access to readily accessible funds helps keep construction on a cost-effective timetable,” Winter said.
“We recognize that affordable housing is critical to sustaining New Hampshire communities, and are pleased to be able to provide this loan capital to support Twin Pines’ efforts,” said Michael Wilson, vice president for finance at the New Hampshire Charitable Foundation. The Foundation awards more than $40 million in grants and scholarships annually, while also making “impact investments” – providing financing to advance work in areas including environmental protection, job creation and workforce housing. The Foundation also provides grant support to Twin Pines.
New Hampshire Housing recently awarded $648,235 in Low Income Housing Tax Credits to Twin Pines Housing for the development of new mixed-income housing on Tracy Street in West Lebanon. The sale of the tax credits is expected to generate approximately $5.7 million for the 29-unit project. In December, Twin Pines received a commitment of Community Development Block Grant funds, from the New Hampshire Community Development Finance Authority, after the City of Lebanon sponsored its application. Twin Pines Housing previously received a funding commitment for permanent financing from Mascoma Savings Bank through the Federal Home Loan Bank of Boston’s Affordable Housing Program.
“It’s exciting to have the final piece of funding in place,” said Andrew Winter, Executive Director for Twin Pines Housing, “and we appreciate the support of New Hampshire Housing in helping to create this much needed housing.” Winter said, “The new building will be the first net zero affordable rental property in New Hampshire.”
Final designs for the three-story building, which will include photovoltaic panels, an elevator and a community room, are nearly complete. Construction is expected to get underway in early summer and take approximately 14 months. When finished, the project will offer 1- and 2-bedroom apartments for low to moderate income individuals and families of all ages. It is expected that four of the apartments will be designated for people with developmental disabilities under an agreement with Visions for Creative Housing Solutions, an Enfield-based nonprofit that provides services and support for adults with disabilities. Located across Tracy Street from the Kilton Library, the new apartments will be walkable to shopping, services, and an Advance Transit bus hub.
Children’s Literacy Foundation from Peregrine Productions LLC on Vimeo.
Our friends at CLiF are experts at providing free and inspiring literacy programs. We’ve been grateful to partner with them to bring reading programs to The Villages at Crafts Hill. We hope you enjoy this video sharing their work. A special shout out to Faye Grearson, Twin Pines Housing’s Director of Supportive Services, and some of the residents at Crafts Hill who appear in the video!
Twin Pines Housing has secured approximately $6 million in funding through the USDA Rural Development’s Multi-Family Housing Preservation and Revitalization Restructuring Program for renovations to The Village at Crafts Hill in West Lebanon. Renovation of the 100 rental units, formerly known as the Pine Tree Lane and Beechwood Lane apartments, will focus on energy efficiency and site work, as well as kitchen, bathroom and flooring upgrades.
“We are excited to receive funding for these essential improvements,” said Andrew Winter, Executive Director for Twin Pines Housing. “The properties were constructed in the mid-1970’s, and are in need of weatherization improvements such as new windows, insulation and siding, as well as upgrades to the electrical and heating systems,” Winter said. The nonprofit developer of affordable housing purchased the 100 apartments at Crafts Hill from its previous owner in November of 2015, when it appeared that the federal rental subsidies for 50 of the units were at risk of being lost.
The USDA award consists of a $5,959,442 loan that will require Twin Pines Housing to charge reduced rents on the property for the next 20 years. The funding ensures that the units will remain affordable while improving living conditions for residents. Renovations are tentatively scheduled to begin this summer and are expected to take 18 months.
Kristine McDevitt, of Hanover, has joined Twin Pines Housing as Real Estate Development Project Manager. In her new role, she will coordinate the development of new affordable housing, as well as the renovation of existing housing. Prior to joining Twin Pines Housing, Kristine served as the Contracts Manager at Pitney Bowes where she was responsible for commercial enterprise software and data license agreements. She earned a bachelor’s in political science from DePauw University and a law degree from Georgetown University. Kristine currently serves as President of the Board for Hanover Conservancy and as a board member for CRREL Restoration Advisory Board and Hanover Improvement Society.
Renovations on this building just off the green in Lebanon began in December, 2017. When complete, this three story building will provide 18 one-bedroom apartments for chronically homeless and extremely low income members of the community. Improvements include new roof, siding, wiring, windows, flooring, light fixtures, bathrooms, appliances, and energy efficiency. Enhanced case management services will be provided by the Upper Valley Haven. Construction is expected to be finished by June, 2018.
Twin Pines Housing is an equal opportunity provider and employer