Affordable Housing, Education and Development, Inc. (AHEAD) has created a 28-unit, 9% LIHTC affordable multifamily apartment property that will target households earning up to 50% and 60% of the area median income (AMI). While Lloyd's Hill will offer family housing, the project is ideal for seniors due to its location within walking distance to a grocery store, convenience store, gas station, bank, fitness center, and several restaurants. The parcel is under construction with 4 one- to two-story apartment buildings and a community building on a 44-acre parcel of wooded land. The land includes a 32-acre conservation easement, ensuring a portion of the property remains undeveloped. The proposed townhouse-style apartment buildings will offer 28, two, and three-bedroom apartments. Twenty-one of the apartments will be affordable to lower-income tenants, and seven will be market-rate apartments.
According to Representative Ann McLane Kuster, "I am excited to see the progress Affordable Housing, Education and Development (AHEAD) is making to ensure all Granite Staters can afford a place to call home," said Rep. Kuster. "The COVID-19 pandemic has reinforced my belief that the federal government must do more to support projects, like this one in Bethlehem, that expand the housing stock here in New Hampshire. AHEAD's past projects, including the Friendship House, have strengthened the community in the North Country, and I have no doubt that the Lloyd's Hills project will build on that track record of success."
In addition to AHEAD's housing development program, AHEAD's HomeOwnership Center provides 12 Homebuying Workshops each year that educate more than 120 families, 50 of whom move on to purchase their first homes. The HomeOwnership Center also provides four financial fitness workshops per year that educate more than 75 families on budgeting, savings, credit, and debt reduction.