House of Hope Housing, Inc. is proud to announce the opening of its newest affordable housing project, New Hope 2, located at 391 Pawtucket Street in Lowell. We will be joined by at least one tenant, Mayor Rodney Elliott, Senator Eileen Donoghue, Mr. Roger Herzog, Mr. Aaron Gornstein, Mr. Gary Wallace and Ms. Jane Calvin who will speak briefly about the importance of this housing. The home at 391 Pawtucket Street was built circa 1880.
The City of Lowell acquired the property in November 2006 and has been committed to using the property both for public recreation (Pawtucket Dam area) and the development of affordable housing. The City subdivided the property to meet these needs and subsequently transferred separate lots to The Lowell Conservation Trust and CTI. Mr. Will Soucy, President of Soucy Industries, purchased the property from CTI in 2012.
Mr. Soucy, working with the City fully renovated the property and created quality apartments, including 2 units of affordable housing per an existing deed restriction. HOH Housing then entered into a successful option agreement with Mr. Soucy and bought the property with the assistance of the Patrick Administration through its Department of Housing and Community Development (DHCD) and the Community Economic Development Assistance Corporation (CEDAC). DHCD awarded HOH Housing $1,205,000 through the Housing Innovation Fund (HIF) and the recently created Housing Preservation and Stabilization Trust Fund (HPSTF) to purchase the building. The goal of the Trust Fund was to establish a flexible method for funding affordable housing for low-income families, just like New Hope 2.
Through a competitive bidding process, Lowell Housing Authority has awarded 7 Section 8 Project Based Housing Vouchers to the New Hope 2 project.
Financial support from the Franklin Square House Foundation and Eastern Bank Charitable Foundation was received in order to make modest design changes more suitable for the homeless families who will now be living in New Hope 2.
House of Hope Housing is happy to make New Hope 2 its fourth building totaling 22 units of permanent housing with support services for homeless families and is grateful for the high degree of support received from all partners and supporters.
For further information, contact Deborah Chausse, Executive Director, House of Hope Housing, which is based in Lowell, Massachusetts, 978-654-6778.
House of Hope Housing Mission Statement:
HOH Housing provides affordable permanent housing and support services to previously homeless
families with an enduring commitment to build family economic self-sufficiency, promote neighborhood stability, and provide educational opportunities to improve the lives of our poorest children