May 16, 2013. 1 st Quarter AVAILABLE RENTALS 2011201220132014 198 units175 units153 units171 units 127 NH (64%)119 NH (68%)95 NH (62%)109 NH (64%) 71.

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Presentation transcript:

May 16, 2013

1 st Quarter AVAILABLE RENTALS units175 units153 units171 units 127 NH (64%)119 NH (68%)95 NH (62%)109 NH (64%) 71 VT (36%) 56 VT (32%)58 VT (38%)62 VT (36%) 13 studios15 studios3 studios0 studios 53 one BR40 one BR50 one BR77 one BR 63 two BR58 two BR48 two BR57 two BR 43 three BR45 three BR24 three BR25 three BR 26 four+ BR17 four+ BR28 four + BR12 four+ BR

Who Needs Housing? “In the Upper Valley Lake Sunapee Regional Planning Commission region, it is estimated that between 3,800 and 4,600 new housing units will be needed between 2010 and 2020” “According to projection models 10% of new units built in the next 10 years may need to be rental units.”

598 units were built during the past 10 years Emerson Place – 160 units Lebanon 2 BR / 2 bath Gile Tract – 61 units Hanover 15 market 2 BR / 2 bath 46 affordable units (6 one BR, 7 three BR, 33 two BR) Curtis Court – 15 units Hanover 2 BR / 2 bath Timberwood Commons – 252 units Lebanon 20 studios, 106 one BR, 126 two BR

Where will the next 400 rental units be constructed? And who will construct them?

New Rental Units - Lebanon 75 Bank Street

42 loft style units within walking distance to town center & Advance Transit

Repurpose & Retain Historic Character & Charm

Oversized Showers-Ample Kitchens

Architecturally Unique

$6 Million Dollar Men: 2 Developers Plan Major Projects in Downtown White River Junction Sunday, May 4, 2014 by Valley News New Rental Units To Be Built Hartford

Former American Legion site 22 studio apartments 400 sq. ft. w/ loft The proposed exterior renovation to the former American Legion building in White River Junction, Vt. (Courtesy River Town Design) Sunday, May 4, 2014 by Valley News

The proposed Bridge and Main project in White River Junction, Vt., in an artist's rendering. (Courtesy Kane Architecture) Sunday, May 4, 2014 by Valley News New Construction Bridge/Main 8-10 one bedroom apartments sq. ft.

“Housing availability and affordability for all residents are critical components of the overall quality of life and economic stability for communities in the Upper Valley.” As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;

The future is ours to see ….