Lincoln Avenue Communities (LAC) has started construction of The Residences at Chestnut, a new affordable housing development in Manchester, New Hampshire. The Residences at Chestnut will offer 142 affordable housing units for lower-income families and individuals living in Manchester. The development also will include an underbuilding parking garage, roof deck, fitness center, bike storage, among other amenities. The groundbreaking ceremony was attended by community leaders and financial partners
The groundbreaking ceremony also featured remarks from Manchester Mayor Joyce Craig and representatives from the New Hampshire Housing Finance Authority, Families in Transition, Manchester VA Medical Center, and the offices of New Hampshire’s congressional delegation, among others. Following remarks, LAC formally broke ground on a section of the property to mark the beginning of construction.
Thom Amdur, LACs Senior Vice President of Policy and impact expressed the organization’s commitment to constructing properties that ensure long-term accessibility to housing nationwide. “The Residences at Chestnut marks our first ever ground-up development in New Hampshire and we extend our gratitude to the private entities that have contributed towards making this breakthrough possible ” he stated.
When will The Residences at Chestnut be completed?
Construction of The Residences at Chestnut is expected to be completed in 2025. The Residences at Chestnut will consist of two apartment complexes comprising a total of 106 units that are available to households earning less than 60 percent of the area median income(AMI); 36 units will receive project-based vouchers, with thirty of those units being set aside for veterans and their families.
This development will add much-needed affordable housing in Manchester, where high-quality homes remain out of reach for many residents,” said Scott Shaw, LAC Vice President, and regional Project Partner. “We’re especially proud to support veterans and their families who face unique barriers to finding attainable housing.”
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