Twin Pines Housing recently received approval for a $500,000 line of credit through New Hampshire Charitable Foundation’s Impact Investing Program. The line of credit will provide access to valuable working capital during the predevelopment phase of construction of approximately 100 units of affordable housing in the Upper Valley .

“We’re grateful to New Hampshire Charitable Foundation and the many donors who have made this line of credit possible,” said Andrew Winter, Executive Director for Twin Pines Housing. “We currently have five projects in various phases of development. Having access to readily accessible funds helps keep construction on a cost-effective timetable,” Winter said.

“We recognize that affordable housing is critical to sustaining New Hampshire communities, and are pleased to be able to provide this loan capital to support Twin Pines’ efforts,” said Michael Wilson, vice president for finance at the New Hampshire Charitable Foundation. The Foundation awards more than $40 million in grants and scholarships annually, while also making “impact investments” – providing financing to advance work in areas including environmental protection, job creation and workforce housing. The Foundation also provides grant support to Twin Pines.

New Hampshire Housing recently awarded $648,235 in Low Income Housing Tax Credits to Twin Pines Housing for the development of new mixed-income housing on Tracy Street in West Lebanon. The sale of the tax credits is expected to generate approximately $5.7 million for the 29-unit project. In December, Twin Pines received a commitment of Community Development Block Grant funds, from the New Hampshire Community Development Finance Authority, after the City of Lebanon sponsored its application. Twin Pines Housing previously received a funding commitment for permanent financing from Mascoma Savings Bank through the Federal Home Loan Bank of Boston’s Affordable Housing Program.

“It’s exciting to have the final piece of funding in place,” said Andrew Winter, Executive Director for Twin Pines Housing, “and we appreciate the support of New Hampshire Housing in helping to create this much needed housing.” Winter said, “The new building will be the first net zero affordable rental property in New Hampshire.”

Final designs for the three-story building, which will include photovoltaic panels, an elevator and a community room, are nearly complete. Construction is expected to get underway in early summer and take approximately 14 months. When finished, the project will offer 1- and 2-bedroom apartments for low to moderate income individuals and families of all ages. It is expected that four of the apartments will be designated for people with developmental disabilities under an agreement with Visions for Creative Housing Solutions, an Enfield-based nonprofit that provides services and support for adults with disabilities. Located across Tracy Street from the Kilton Library, the new apartments will be walkable to shopping, services, and an Advance Transit bus hub.

Children’s Literacy Foundation from Peregrine Productions LLC on Vimeo.

Our friends at CLiF are experts at providing free and inspiring literacy programs. We’ve been grateful to partner with them to bring reading programs to The Villages at Crafts Hill. We hope you enjoy this video sharing their work. A special shout out to Faye Grearson, Twin Pines Housing’s Director of Supportive Services, and some of the residents at Crafts Hill who appear in the video!


Ready for homeownership but don’t know where to start? Get answers to your home buying questions with this comprehensive 8 hour class, followed by one-on-one sessions with a certified Housing Advisor. When finished, you’ll receive your Homebuyer Education Certificate, required by most local lenders. Workshops will be held at Twin Pines Housing’s offices on Tuesday, April 24th and May 1st, 4:30-8:00 pm (you must attend both sessions). Registration fee is $65 per household. Learn more and register by calling 802-254-4604, or visiting Windham & Windsor Housing Trust’s website.