Developments > Stevens Corner
This project involved the substantial rehabilitation and expansion of a former nursing home to create 42 units of affordable rental housing for families. The project was granted a comprehensive permit under Chapter 40B. All units will be affordable to households at or below 60% of the Area Median Income (AMI), with six units affordable to households at or below 50% of AMI, and five units affordable to households at or below 30% of AMI.
Stevens Corner
Project at a Glance:
Location:
North Andover
Development Type:
Rental
Project Type:
Rehabilitation of former nursing home
MHIC Financing:
$4,341,678 in LIHTC financing
Sponsor:
NOAH
Number of Units:
42
This project involved the substantial rehabilitation and expansion of a former nursing home to create 42 units of affordable rental housing for families. The project was granted a comprehensive permit under Chapter 40B. All units will be affordable to households at or below 60% of the Area Median Income (AMI), with six units affordable to households at or below 50% of AMI, and five units affordable to households at or below 30% of AMI.