To help address the housing crisis in Northern Forest communities, we broadened our suite of programs in 2017 to include property development. We focus on downtown properties that have the ability to catalyze community redevelopment.
In our first housing project, the Millinocket Housing Initiative, we invested $1 million to renovate 6 dilapidated houses and created 11 units of housing.
Our second project redeveloped an 11,000-square-foot building on Main Street in Lancaster, NH, to create 6 new apartments and commercial space to house a local food market.
Our newest projects include redeveloping a 15,000-square-foot building in St. Johnsbury, VT, which will create 10 apartment and 2 renovated storefront spaces, and a project in Tupper Lake, NY, that will create 8 apartments and a single-family house.