The Affordable Housing Committee met Feb. 1 to discuss a proposed affordable housing project for the Newman Hall lot.
The housing project is located between Depot Street and Putney Landing Road, south of Curtis’ All American Barbecue. The project would include a mix of family and smaller apartments for a total of 18 units with a combination of townhouses and accessible flats. The site plan was first presented at the Dec. 15 meeting, which showed three structures in a U-shaped arrangement around a south-facing courtyard. The Feb. 1 meeting was attended by Connie Snow, Executive Director of Windham & Windsor Housing Trust and Bob Stevens of Stevens and Associates, who is the project civil engineer.
“We’re really excited about what seems to be an opportunity to meet the needs of affordable housing in Putney” said Snow during a January interview.
The project is nearing the end of the preliminary design phase, and is considered “feasible,” and a project information sheet was provided at the Feb. 1 meeting. Snow referenced a market study for the project by Doug Kennedy Advisors, which is focused on providing research, analyses and strategies to their clients’ real estate issues.
The study indicates that the average rent for a one-bedroom apartment with utilities in Putney is $940 per month. The rent with utilities for the proposed project is $525 to $600 per month for subsidized housing. A market rate unit would also be included with a rent and utilities at $697 per month. The proposed project rent for a two bedroom apartment would be $875 and for a three bedroom, $900. According to the study, the current average Putney rent for a two bedroom is $1,020 and $1,570 for a three bedroom.
WWHT develops affordable apartments throughout Windham and Windsor counties, and provides property management services and supportive services that seek to ensure long-term resident stability. WWHT recently completed the $2.4 million renovation of the Planz House, 27 Depot Road, into affordable apartments.
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