Crotched Mountain Foundation sells apartment complex to Tamposi brothers
Manchester apartments provide housing to people with disabilities
The Crotched Mountain Foundation has transferred ownership of the Courtyard Apartments in Manchester, a HUD-designated complex that provides accessible housing to low-income renters with disabilities, to an entity managed by the owners of Nashua-based Tamposi Brothers Development.
The foundation has owned and operated the Courtyard Apartments on Main Street in Manchester for over 40 years. The ownership was officially transferred to the entity, 245 Main Street Manchester LLC and its co-managers, Joe and Jake Tamposi.
The transfer is expected to be completed by the end of June.
Ned Olney, CEO of the foundation, said the Tamposis “understand and are committed to continue the important service of Courtyard Apartments.” The complex he said, provides “quality and dignified housing … for people living with disabilities over the past four decades.”
He said the transition to new ownership “will ensure that the current residents of the Courtyard building will not be impacted.”
“Our goal is to continue to serve the existing tenants and maintain Courtyard Apartments as a long-term affordable property,” said Joe Tamposi. “There is a tremendous shortage of housing throughout New Hampshire, and our top priority as developers and property owners is to help address the need for affordable housing by building, managing, and preserving rental opportunities for underserved communities.”