Second Phase of W. Lowell Ave. Housing Shares State Tax Credits

Architect’s drawing of planned West Lowell Avenue apartment buildings.

The second phase of a 144-unit, mixed-income housing development, off Interstate 495 in Haverhill, is among 26 housing projects statewide to share $90 million in new housing tax credits and subsidies.

Tenney Place, by developer Dakota Partners of Waltham, was selected this week by the Baker administration as a recipient of awards “to fund the development, renovation and preservation of affordable rental housing across the Commonwealth,” according to a statement. The award round “builds on the administration’s commitment to expanding affordable housing options for Massachusetts families.” It did not specify the benefit amount for the local project.

“These affordable housing awards reflect our administration’s commitment to a stronger, more prosperous and more inclusive Commonwealth,” Baker said. “By increasing affordable housing production, and stabilizing working families, low-income senior citizens and homeless families or those at risk, these housing awards will strengthen communities across Massachusetts.”

As WHAV reported in July, 2014, Tenney Place, West Lowell Avenue, the first phase offered 72 mixed-income housing units with 56 units earmarked to families earning less than 60 percent of area median income (AMI) and eight units reserved for households earning less than 30 percent of AMI. Apartments contain a mix of one, two and three bedroom units. At that time, the project shared in $83.6 million in state funding to help launch construction.

“Affordable housing production serves as a catalyst for broad-based neighborhood revitalization efforts,” said Secretary of Housing and Economic Development Jay Ash. “By connecting working families and at-risk populations to stable, affordable housing, we will ensure that Massachusetts remains a place where people succeed, and businesses flourish.”