Board OKs W. Lebanon Apartment Plan

  • An artist's rendering, center, of a proposed 31-unit apartment building on Main Street in West Lebanon, N.H. At left is the Mascoma Savings Bank building. (Courtesy Twin Pines Housing Trust)

Valley News Staff Writer
Published: 8/26/2016 12:06:59 AM
Modified: 8/29/2016 12:34:34 AM

West Lebanon — The Lebanon Planning Board on Monday unanimously approved a 31-unit residential and mixed-use development planned in West Lebanon by Twin Pines Housing Trust, an affordable housing developer based in White River Junction.

Twin Pines announced on Thursday that it planned to begin construction next summer at 60 Main Street, between Tracy and Maple streets.

The developer envisions a four-story building on a portion of what is now the Mascoma Savings Bank parking lot.

The project, developed in partnership with Child and Family Services of New Hampshire, will include office space for the social-services organization, as well as 31 units of affordable and market-rate housing.

“The lack of affordable housing continues to be a challenge for employees and employers throughout the Upper Valley, and we want to be part of the solution,” Andrew Winter, executive director of Twin Pines, said in a news release.

Sixteen of the development’s 31 units are slated to rent at prices affordable for people earning 50 percent of the area median income, according to the release.

Nine units will rent at 60 percent the market rate, another three at 80 percent, and three more at the market rate.

Based on Grafton County’s median family income of $70,700, standards set by the U.S. Department of Housing and Urban Development put the 80 percent income limit for a family of four at $57,100.

The project will include 18 one-bedroom units and 13 two-bedroom units, the release adds.

Construction will cost roughly $8.5 million, including the rental units, commercial space and associated site improvements, Winter said later. According to the release, Twin Pines is seeking financing from the New Hampshire Housing Finance Authority and various local and regional banks.

During a two-hour hearing earlier this week, the Planning Board gave its OK to the project, with several standard conditions, including that the developers secure wetlands permits from the New Hampshire Department of Environmental Services. The approval also came on the condition that, after a year of occupancy, Twin Pines will conduct a traffic impact study and, if necessary, work with city officials on potential mitigation efforts.

Rob Wolfe can be reached at rwolfe@vnews.com or at 603-727-3242.


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