flexiblefullpage - default
Currently Reading

Rochester, NH, Opens New Affordable Apartments for Seniors

Advertisement
billboard - default
Affordability

Rochester, NH, Opens New Affordable Apartments for Seniors

This month, people will begin moving into a new 65-unit building of affordable apartments that includes accessibility features and support staff


January 10, 2024
Senior man with a cane sitting on the sofa in his affordable apartment
Image: Jelena Stanojkovic / stock.adobe.com

In New Hampshire, housing stock is both limited and expensive, which creates challenges for the state's low-income residents, many of whom are older adults. A new housing initiative from the nonprofit Easterseals New Hampshire is helping to meet the need for affordable housing for seniors by providing a 65-unit apartment building that includes accessibility features and support staff for low monthly rent, Foster's Daily Democrat reports.

Easterseals built and manages the new apartment complex in Rochester, N.H., named Champlin Place, which provides a more affordable option for seniors who may be experiencing physical or health limitations but who don’t require full-time care.

The New Hampshire Housing Finance Authority says that less than 4% of the state’s housing units have a contract or are managed to ensure affordability — and about half of these are for seniors. The organization manages a number of these properties in Rochester, but demand far exceeds supply.

To qualify for a unit in the complex, people must make less than 60% of the area’s median annual income, or less than $51,780. A small number of units are reserved for people who make less than $30,000. The most expensive rent for the units is $1,400 with utilities, and some residents are paying rent in part with housing vouchers.

Read more

 

Advertisement
leaderboard2 - default

Related Stories

Affordability

Median US Down Payment Falls by More Than $4,000

The recent decrease in costs is welcome relief for homebuyers, but many West Coast markets remain expensive

Affordability

Data Show Most Americans Are Struggling to Afford a Home

40.5 million households can only afford to purchase a $150,000 home

Government + Policy

Housing Affordability Becomes Debate Topic in 2024 Presidential Election

Presidential candidates are tackling affordability issues as home price-to-income ratio reaches record high

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category

Home builders can maximize efficiencies gained through simplification and standardization by automating both on-site and back-office operations 

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.