Vose Farm Residences breaks ground in Peterborough
Published: 10-08-2024 8:31 AM |
Catholic Charities NH, in partnership with Evernorth and other community partners, broke ground Oct. 2 for Vose Farm Residences, a 96-unit mixed-income housing development intended to address the need for affordable housing in the Monadnock region.
The first phase will consist of 64 one- and two-bedroom apartments reserved for households earning 30% to 60% of the area median income. A second phase, beginning next year, will add 32 units.
Vose Farm Residences will include walking paths along the Contoocook River and outdoor recreation areas. Residents will also have access to supportive services such as case management, financial literacy programs, and life skills training.
“This project will provide critical relief for vulnerable populations, helping individuals and families build stable lives while also stimulating the local economy,” said Tom Blonski, president and CEO of Catholic Charities NH.
Evernorth, which is providing equity investment through Low-Income Housing Tax Credits, praised the project’s range of affordable housing options.
“Vose Farm Residences meets the needs of a broad range of renters in our community,” stated Cynthia Lacasse, Evernorth’s senior vice president and chief program officer.
Occupancy for the first phase is expected in fall 2026. Catholic Charities NH is the project developer, with New Hampshire Housing coordinating tax-exempt bond financing. Market Square Architects is the project architect, and Hutter Construction is the construction manager.
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