Developments > Catalyst Housing
This project development is for the adaptive re-use of existing commercial space into a 24-unit permanent supportive housing project for youth aged 18-24. The project is located on the top two floors of an historic four-story building in downtown Lynn.and includes a new elevator for the supportive housing floors as well as a separate lobby.The building contains 24 studio apartments, with one unit set-aside as a non-LIHTC live-in resident manager apartment. Twenty-three units are LIHTC units. All 23 units (100%) are set-aside for individuals earning up to 30%AMI with preference for homeless young adults aged 18-24 who live in Lynn. The 23 LIHTC units are covered under a 20-year project-based MRVP contract. The management agent is a co-owner, HCP, who works in close partnership with co-owner and supportive service provider, .
Catalyst Housing
Project at a Glance:
Location:
Lynn
Development Type:
Rental
Sponsor:
Harborlight Homes
Number of Units:
24
This project development is for the adaptive re-use of existing commercial space into a 24-unit permanent supportive housing project for youth aged 18-24. The project is located on the top two floors of an historic four-story building in downtown Lynn.and includes a new elevator for the supportive housing floors as well as a separate lobby.The building contains 24 studio apartments, with one unit set-aside as a non-LIHTC live-in resident manager apartment. Twenty-three units are LIHTC units. All 23 units (100%) are set-aside for individuals earning up to 30%AMI with preference for homeless young adults aged 18-24 who live in Lynn. The 23 LIHTC units are covered under a 20-year project-based MRVP contract. The management agent is a co-owner, HCP, who works in close partnership with co-owner and supportive service provider, .