North Shore Community Dev. Coalition Awarded $150K
February 4, 2020 The North Shore Community Development Coalition, a Salem-based nonprofit that develops affordable housing and uses public art to help create more stable communities, recently was awarded $150,000 to help develop new affordable housing in Gloucester.
The funds, awarded from the state's Brownfields Redevelopment Fund, will be used for a site assessment and cleanup activities.
"We're so excited about this project which will bring much needed affordable housing downtown and revitalize an underutilized section of Gloucester's historic Main Street," said Mickey Northcutt, chief executive officer of North Shore Community Development Coalition (North Shore CDC), quoted in The Salem News.
North Shore CDC reportedly purchased the property for $975,000 in 2015 with the aim of developing 30 affordable housing units and 2,000 square feet of ground-level retail space. It will also include 30 off-street parking spaces. The local Zoning Board of Appeals approved the project the following year, The Salem News reported.
"While most of North Shore CDC's projects have taken place in Salem, the redevelopment of Cameron's is the organization's second housing project in Gloucester. Overall, the nonprofit has created more than 400 affordable housing units, according to its website," the paper reported.
The site being developed was formerly a restaurant, which the city of Gloucester has designated a brownfield. In 2015, 58 samples of asbestos-containing materials was found there, according to the news report.
Construction is expected to be completed by mid-2021, and is reported to cost approximately $9.5 million.
North Shore CDC also received funding from construction and permanent loans, state and federal Low-Income Housing Tax Credits, state and federal subsidies including North Shore HOME Consortium HOME funds, CBH funds, Affordable Housing Trust Funds, Housing Innovation Funds, Commercial Area Transit Node Housing Program funds, Gloucester HOME Funds, Gloucester Community Preservation Action funds, and Gloucester Affordable Housing Trust funds, according to The Salem News.
North Shore CDC has created 400 affordable homes. In the past seven years, it has attracted $75million in public and private investment to Salem and Gloucester.