Village at Crafts Hill West Lebanon Twin Pines Housing

The Village at Crafts Hill Secures $5,959,442 Loan From USDA Rural Development

Twin Pines Housing has secured approximately $6 million in funding through the USDA Rural Development’s Multi-Family Housing Preservation and Revitalization Restructuring Program for renovations to The Village at Crafts Hill in West Lebanon. Renovation of the 100 rental units, formerly known as the Pine Tree Lane and Beechwood Lane apartments, will focus on energy efficiency and site work, as well as kitchen, bathroom and flooring upgrades.

“We are excited to receive funding for these essential improvements,” said Andrew Winter, Executive Director for Twin Pines Housing. “The properties were constructed in the mid-1970’s, and are in need of weatherization improvements such as new windows, insulation and siding, as well as upgrades to the electrical and heating systems,” Winter said. The nonprofit developer of affordable housing purchased the 100 apartments at Crafts Hill from its previous owner in November of 2015, when it appeared that the federal rental subsidies for 50 of the units were at risk of being lost.

The USDA award consists of a $5,959,442 loan that will require Twin Pines Housing to charge reduced rents on the property for the next 20 years. The funding ensures that the units will remain affordable while improving living conditions for residents. Renovations are tentatively scheduled to begin this summer and are expected to take 18 months.

Kristine McDevitt joins Twin Pines Housing staff

Kristine McDevitt, of Hanover, has joined Twin Pines Housing as Real Estate Development Project Manager. In her new role, she will coordinate the development of new affordable housing, as well as the renovation of existing housing. Prior to joining Twin Pines Housing, Kristine served as the Contracts Manager at Pitney Bowes where she was responsible for commercial enterprise software and data license agreements. She earned a bachelor’s in political science from DePauw University and a law degree from Georgetown University. Kristine currently serves as President of the Board for Hanover Conservancy and as a board member for CRREL Restoration Advisory Board and Hanover Improvement Society.

Homebuyer Workshop Lebanon New Hampshire - Twin Pines Housing

Secrets of Homebuying Workshop

Thanks to Hanover Rotary Club

Many thanks to the Hanover Rotary Club and all who attended the Auction Gala on November 9th. The evening was a tremendous success. Nearly 250 community members enjoyed delicious food, fellowship and fun, all while supporting Twin Pines Housing and Hanover Rotary Charities. The event raised in excess of $200,000, meeting an $85,000 matching gift goal. A special thank you to all who raised their paddles during the Twin Pines Housing Fund a Need during the live auction.

Benefit Gala Thursday November 9 - Twin Pines Housing - Hanover Rotary Club

Hanover Rotary Auction Gala to benefit Twin Pines Housing

Join your friends and neighbors for an evening of good fellowship, philanthropy and fun on Thursday, November 9, 2017, 6pm-9 pm at the Hanover Inn.

You’ll enjoy excellent food while bidding on exciting silent and live auction items. Items include an Antarctic Cruise for two, a family membership at a private Vermont ski club, a Red Sox getaway, and a wheel workshop for four couples at Farmhouse pottery. Proceeds will benefit Twin Pines Housing and Hanover Rotary Charities.

2017 Annual Meeting

Twin Pines Housing Trust will hold its 2017 Annual Meeting on Monday, June 19 at 226 Holiday Drive, White River Junction, VT. An Open House and Reception will begin at 4pm followed by the Annual Meeting at 5pm.

The 2017 Annual Meeting agenda and slate of Board candidates can be viewed HERE

The 2016 Annual Meeting minutes can be viewed HERE

 

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Twin Pines Housing Projects In The News

Twin-Pines-Housing-Lebanon-map

Today’s Valley News featured two Twin Pines Housing projects in development. An overview of the projects follows, but we encourage everyone to read the entire article here: Twin Pines Revises Plans for West Lebanon Apartment Complex by Tim Camerato.

Twin Pines Housing is hoping to gain approval from the City of Lebanon to reposition a building previously approved for construction on Main Street in West Lebanon to now face nearby Tracy Street. This new project would amount to a 30 percent reduction in square footage from last year’s proposal, making the smaller, three-story building with 29 apartments less expensive to build. The single-family homes that now occupy 12 and 16 Tracy Street would be demolished and the two lots merged to make way for the new building. Construction could begin next spring.

Meanwhile, plans for a new housing complex are moving forward across the river on Sykes Mountain Avenue in White River Junction. This project will be sited on vacant land north of Sykes Mountain Avenue and west of Lily Pond Road.

Construction could begin this fall on the three-story apartment building with 30 units, while a second phase could add between 12 and 15 townhouse-style units. The Hartford Planning Commission approved the project by a 5-1 vote on May 8.

Read the full Valley News article by Tim Camerato here.

Hanover’s Article 7 Passes!

Dear Friends,

On behalf of Twin Pines Housing, I want to thank everyone who advocated for Hanover’s Article 7 and those who turned out on a cold, damp day to vote for its passage.  Eight-five percent (85%) of those who voted on Article 7 supported the measure, a great win for seniors in need of decent, safe and affordable housing.

Twin Pines Housing will continue to partner with the Town on concepts to redevelop the Summer Park complex; Hanover’s only affordable housing that is restricted to seniors and those with disabilities. Once those concepts are refined, we will again come before the Town to present our ideas on ways to improve the property with current and future residents in mind.

Until then, we encourage everyone to remember that the Upper Valley’s shortage of affordable housing has not been solved with this vote. There is still a long road ahead and we hope you remain by our side for the journey.

Sincerely,

Andrew B. Winter
Executive Director
andrew.winter@tphtrust.org

Hanover Town Vote – YES on Article #7

Twin Pines Housing encourages Hanover residents to vote YES on Article 7 at the Hanover High School on Tuesday, May 9 between 7am and 7pm.

Article 7 pairs increased unit density with a reduced parking requirement for income-qualified senior housing within the RO Zoning Districts only. This carefully tailored zoning change is the first step toward renewing and expanding Summer Park Senior Housing.

Summer Park is comprised of three, 1970s-era buildings with 8 apartments each, located between the Richard W. Black Center and Summer Street. These 24 studio and one-bedroom apartments are Hanover’s only affordable apartments restricted to seniors. The buildings are aging quickly, have electric heat, and are very costly for the Town to own and operate. The 12 second floor units can only be accessed by stairs, making them unusable by seniors with poor mobility.

Twin Pines Housing, the Upper Valley’s leading nonprofit developer and provider of affordable housing solutions, has partnered with the Town on concepts to redevelop the property. If Article 7 is approved, the current 24 units could be replaced with up to 28 units. Use of additional town-owned land near Summer Park could potentially allow for up to 29 additional units. That possibility is still a ways off, and Hanover voters would need to approve any and all development beyond this initial zoning change.

The Town has prepared an informational video that explains each zoning article on the ballot. The overview of Article 7 begins at minute 6:53. Click here to view the video or watch below.

Please vote YES on Article 7 to increase and improve affordable, senior housing in downtown Hanover.

Hanover Town Amendments April 2017 from CATV 8 on Vimeo.

Office Map Twin Pine Housing

Twin Pines Housing is Moving to a New Home!

Twin Pines Housing is moving on Friday, April 28 to the
Gilman Center in White River Junction.
Our new office will open Monday, May 1 at:

226 Holiday Drive, Suite 20
White River Junction, VT  05001
802.291.7000
www.TPHtrust.org