NeighborWorks cuts ribbon on Londonderry affordable housing project
33-unit Whittemore Place Phase II completes development
The ribbon was cut on June 18 to celebrate the completion of Whittemore Place Phase II, a 33-unit affordable rental housing complex in Londonderry.
Developed by NeighborWorks Southern New Hampshire, Whittemore Place Phase II features townhouse-style units of and mark completion of the entire development, which totals 78 units and is the largest single development created by the nonprofit organization.
Whittemore Place Phase II is a $7.1 million project. Thirty of the 33 units will be available to individuals and families earning at or below 60 percent and 50 percent of the area median income. Three of the units will be market-rate.
The 45 apartments that were completed in the first phase were fully leased within one month of completion and a similar experience is expected for the second phase, officials said.
Financial partners for this development were NH Housing Finance Authority, Raymond James, Eastern Bank and Federal Home Loan Bank of Boston. Development partners included John S. Jordan Design, Gary Chicoine Construction Corp., and Sheehan Phinney.