Refinance and rehabilitation of three scattered-site buildings to create 24 energy-efficient units for individuals with special needs, including elders with severe and persistent mental illness. Twenty-four units will be reserved for very low-income individuals, including nine for the formerly homeless, and four will be market rate. Residents will benefit from services provided by the sponsor under contract with the Department of Mental Health and Addiction Services in a community-based setting. Connecticut Community Bank, N.A. provides the permanent financing through the AHP-subsidized advance, and other funding comes from the sponsor and a CDBG grant from the Town of Greenwich. Approved in Round Two of the 2008 AHP.

Property acquisition and construction of four ownership units for very low-income residents. Residents will complete 150 hours of sweat equity and receive job-placement, ownership-counseling, financial-literacy, and employment training services. Residents will also have the opportunity to be part of neighborhood watch clubs. Windsor Federal Savings and Loan Association provides construction financing and the sponsor will raise additional funding through charitable giving. Approved in Round Two of the 2008 AHP.

Acquisition and rehabilitation of five historic properties to remove blight and provide homeownership opportunities for very low-income, first-time home buyers. Residents will be provided financial planning, homeownership, and landlord training, and will participate on the sponsor’s board of directors. To ensure continual affordability, the sponsor will record a right of first refusal with each home buyer for 30 years. People’s United Bank provides the permanent financing to the home buyers, and other funding includes grants from the Connecticut Department of Economic and Community Development and the City of New Haven. Approved in Round Two of the 2008 AHP.

Construction of four energy-efficient units for very low- and low-income elderly and disabled home buyers. Midcoast Maine Community Action will provide daycare, daycare training, and job placement for the residents, and all home buyers will receive pre- and post-purchase homeownership counseling. Bath Savings Institution provides some of the permanent home-buyer mortgages. Approved in Round Two of the 2008 AHP.

Acquisition, infrastructure, and site improvements to preserve and expand a previously investor-owned mobile home park. Once improved, the park will convert to cooperative ownership, potentially becoming the first tenant-owned mobile home park in Maine. The initiative will upgrade the 22 existing homes and create 82 new unit pads, clustered in order to preserve much of the 54-acre site. Sixty-three units will be reserved for very low-income households and the balance for households below 100 percent of area median income. Each tenant will have a voting membership in the cooperative, participate in a residents council, and help bring the cooperative structure to fruition. Kennebunk Savings Bank provides construction and permanent financing through the AHP-subsidized advance. Other funding comes from the Genesis Loan Fund, Maine State Department of Economic and Community Development, and Maine Housing. Approved in Round Two of the 2008 AHP.

Acquisition and rehabilitation of a property to create five energy-efficient rental units for low- and very low-income families. The property, adjacent to the Monserrat commuter rail station, was donated by the Massachusetts Bay Transit Authority. Residents will benefit from many services, including daycare, a GED program, and job training. Salem Five Cents Savings Bank provides the permanent financing through the AHP-subsidized advance, and other funding includes a grant from the City of Beverly, North Shore HOME funds, and state funds from the Commercial Area Transit Node Housing Program. Approved in Round Two of the 2008 AHP.

Rehabilitation and refinance of a previously funded AHP initiative in Beacon Hill that provides supportive housing for very low-income residents. The initiative is designed to stabilize formerly homeless individuals with mental and physical disabilities. Residents benefit from an array of services including managed healthcare, job training, self-sufficiency training, and a residents council. AHP funds will make it possible to restructure existing debt, perform capital repairs, and improve energy efficiency. Wainwright Bank provides permanent financing through the AHP-subsidized advance, and other funding comes from the City of Boston, Massachusetts Department of Housing and Community Development, and Historic Tax Credits. Approved in Round Two of the 2008 AHP.

Acquisition and construction of a property to provide 66 one-bedroom units for very low-income elderly. Of the 66 units, 20 units will be set aside for homeless residents. The building, located within close proximity to a community center and social service agencies, will include a community room, library, and a computer lab. Registered nurses will provide managed healthcare for the residents. Wainwright Bank and Trust Company provides the permanent financing through the AHP-subsidized advance, and additional funding comes from Low Income Housing Tax Credits, the Department of Housing and Community Development, the Department of Housing and Urban Development, and the Massachusetts Affordable Housing Trust. Approved in Round Two of the 2008 AHP.

Acquisition and renovation of scattered-site properties to create 60 energy-efficient units of affordable rental housing. Residents will benefit from GED classes, financial planning, afterschool programs, and a residents council. The sponsor has partnered with Quincy-Geneva Housing Corporation and the Boston Police Department to develop a community revitalization plan that focuses on public safety and crime reduction. Boston Private Bank and Trust Company will use the AHP-subsidized advance to purchase up to $1.0 million of taxable bond proceeds at MassHousing. Approved in Round Two of the 2008 AHP.

Refinance, rehabilitation, and conversion of a multistory downtown building to create 19 permanent, energy-efficient single-room-occupancy units for very low-income, homeless veterans. The sponsor will provide a range of services including employment training, job placement, and transportation. A live-in house manager will facilitate group food preparation, house meetings, and a residents council. In addition to the AHP direct subsidy, Natick Federal Savings Bank provides permanent financing through the AHP-subsidized advance. Additional funding comes from the Massachusetts Department of Housing and Community Development and Department of Housing and Urban Development funds. Approved in Round Two of the 2008 AHP.

Historic rehabilitation and expansion of a downtown rooming house to provide 55 subsidized single-room-occupancy units. A community room with group kitchen and offices for tenant services will also be created. Residents will be offered GED, ESL, and self-sufficiency programs as well as a residents council. This mixed-use initiative also includes two retail stores at street level. In addition to the AHP direct subsidy, Greenfield Savings Bank provides permanent financing through the AHP-subsidized advance. Additional funding comes from Low Income Housing Tax Credits, Federal Historic Tax Credits, and the Massachusetts Department of Housing and Community Development. Approved in Round Two of the 2008 AHP.

Construction of two energy-efficient duplex-style units to be sold to very low-income households. The City of Lawrence donated the land, located in the Tower Hill neighborhood, and all families will receive pre- and post-purchase counseling, including anti-predatory lending, as well as job opportunities, financial literacy classes, and daycare services. Pentucket Five Cents Savings Bank provides 80 percent of the permanent financing, with the balance provided by Bread and Roses, the City of Lawrence, and the McCarthy Memorial Trust Fund. Approved in Round Two of the 2008 AHP.

Acquisition and rehabilitation of a century-old mill to create housing and commercial space, including a new daycare facility. Units will range from one- to four-bedroom, and the property is expected to become an extension of downtown Lawrence and the adjacent neighborhoods. Residents will be offered job placement, education, and the opportunity to participate in a residents council. In addition to the AHP direct subsidy, River Bank provides construction and permanent financing through the AHP-subsidized advance. The initiative will also receive funding from Low Income Housing Tax Credits, the Massachusetts Department Housing and Community Development, the Massachusetts Technology Collaborative, and the City of Lawrence. Approved in Round Two of the 2008 AHP.

Acquisition, rehabilitation, and expansion of three buildings to provide 18 apartments for very low- and low-income families. Unit sizes will range from studio to two-bedroom, and three units will be reserved for individuals receiving services from the Massachusetts Rehabilitation Commission and/or Massachusetts Department of Mental Health. Residents will be offered job and financial literacy training, and will have the opportunity to participate in a residents council and the sponsor’s board of directors. In addition to the AHP direct subsidy, Watertown Savings Bank provides construction and permanent financing. The initiative will be also be funded by Low Income Housing Tax Credits, Massachusetts Department Housing and Community Development funds, and the Town of Watertown. Approved in Round Two of the 2008 AHP.

Acquisition and rehabilitation of a building to provide 39 units of transitional housing for very low-income, homeless residents, including veterans. The property is located near the sponsor’s administrative offcies where a variety of supportive services will be offered, including employment, GED training, and transportation services. Merrimack County Savings Bank provides the long-term permanent financing through the AHP-subsidized advance. The U.S. Department of Veterans Affairs and New Hampshire Housing Finance Authority will also provide funding. Approved in Round Two of the 2008 AHP.

Construction of 24 energy-efficient rental units of senior housing on land donated by the Town of Rindge. The downtown development will serve very low- and low-income elderly residents who will benefit from agency and town services, including managed healthcare. Residents will also have the opportunity to serve on the sponsor’s board of directors as well as a residents council. RBS Citizens, N.A. provides construction financing, and the initiative will also receive Low Income Housing Tax Credits and Community Development Block Grant funds. Approved in Round Two of the 2008 AHP.

Historic rehabilitation and renovation of an industrial building in the West End to create mixed-income rental housing and commercial space. Of the 13 residential units, 10 will be reserved for very low-income families and three will be market-rate. Residents will benefit from an after-school program, employment training, and the opportunity to participate on a residents council. Rockland Trust Company provides permanent financing through the AHP-subsidized advance, and other funding comes from Building Home Rhode Island, Historic Tax Credits, and New Market Tax Credits. Approved in Round Two of the 2008 AHP.

Renovation of an existing downtown property to produce 101 units of affordable, energy-efficient housing for very low- and low-income seniors. Built in 1979, this initiative represents a significant portion of the city’s affordable senior housing stock. Residents will continue to benefit from nearby transportation, a licensed health-care facility, and a residents council. Chittenden Trust Company provides permanent financing through an AHP-subsidized advance. Additional funding will come from Low Income Housing Tax Credits, the Department of Housing and Urban Development, and the Vermont Housing and Conservation Board. Approved in Round Two of the 2008 AHP.

Acquisition and rehabilitation of an occupied apartment building to preserve 30 units of senior housing for households at or below 60 percent of area median income. All units will be energy efficient and use Section 8 subsidies to keep rents affordable. Residents will benefit from managed healthcare and an onsite resident coordinator, as well as the opportunity to participate in community organizing activities. Merchants Bank provides permanent financing though the AHP-subsidized advance. Additional funding comes from Low Income Housing Tax Credit equity, the USDA, and the Vermont Housing and Conservation Board. Approved in Round Two of the 2008 AHP.

Acquisition of a vacant commercial building to create 21 energy-efficient units of rental housing and commercial space, cosponsored with Brattleboro Housing Authority. The studio, one-, and two-bedroom units will target seven very low-income households, 11 low-income households, and three moderate-income households. Seven units are expected to receive Section 8 operating subsidies. The development is adjacent to a Brattleboro Housing Authority senior housing development and will create a campus-type setting with many services, such as GED training, transportation, and after-school programs. Chittenden Trust Company provides the permanent financing through the AHP-subsidized advance in addition to other permanent debt. Low Income Housing Tax Credit equity and Vermont Housing and Conservation Board are providing additional funding. Approved in Round Two of the 2008 AHP.

Acquisition, renovation, and partial demolition of a six-unit historic downtown building to create affordable rental housing for very low-income, formerly homeless individuals with disabilities. All units, which will be energy efficient, will benefit from project-based Section 8 funding. The sponsor is proposing a partnership with ReCycle North, which will use the project as a training and demonstration site for their YouthBuild Program and recycle all salvageable materials. Opportunities Credit Union provides the permanent financing through the AHP-subsidized advance, as well as employment training and financial literacy counseling. Vermont Housing and Conservation Board, Burlington Housing Authority, and the City of Winooski provide additional funds.Approved in Round Two of the 2008 AHP.

Construction of 20 single-family homes to create homeownership opportunities for first-time, very low-income home buyers. This blighted neighborhood has been the focus of a three-year planning process in partnership with UNSAP-BAC, a neighborhood coalition. The homes will be built with volunteer labor and sweat equity by future home owners. Home buyers will receive financial planning and ownership counseling with pre-, post- and anti-predatory components, and will also participate in the creation of a home owners’ association and crime watch. RBS Citizens, N.A. provides a construction loan, and the sponsor will raise the additional funding through charitable giving and in-kind donations. Approved in Round Two of the 2008 AHP.

Construction and rehabilitation of a development to create 65 units of energy-efficient housing for low- and very low-income households. This initiative is the final rental phase of the Elizabeth Park HOPE VI revitalization, transforming the blighted public housing project into a vibrant, mixed-income community. Residents will receive job training and participate on a residents council and block watch. The Akron Metropolitan Housing Authority will donate the land through a 99-year ground lease. RBS Citizens N.A. provides construction and permanent financing and the initiative will also receive Low Income Housing Tax Credits. Approved in Round Two of the 2008 AHP.

Construction of energy-efficient, single-family, scattered-site homes for sale to very low-income households, including three for families with special needs. Buyers will receive first-time home buyer counseling, financial-planning,and economic-empowerment services, and contribute sweat equity in lieu of a cash down payment. RBS Citizens, N.A. provides a construction line of credit. The sponsor will raise additional funding through charitable giving. Approved in Round Two of the 2008 AHP.