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Massachusetts Housing Investment Corporation
Welcome Home Apartments – Haverhill, Massachusetts

Welcome Home Apartments is a 27-unit affordable housing project in three newly constructed buildings developed on two vacant parcels and an underutilized parking lot in Haverhill, Massachusetts by Veterans Northeast Outreach Center (VNOC) and Coalition for a Better Acre (CBA – a longtime MHIC customer). This project serves a critical housing need in the community by providing stable, service-enriched housing to very low-income veterans and their families, many of whom were either homeless or at-risk of homelessness prior to moving into Welcome Home Apartments. VNOC works closely with Veterans Administration hospitals to identify and prioritize veteran families that will benefit from this housing. Veterans and their families have access to the services they need to maintain healthy and productive lives, including: employment services and case management services that will help connect residents to health care, health and wellness classes, community meals, and financial and legal services.

For this $6.4 million development, MHIC provided $2.5 million in federal low-income housing tax credit financing and was the principal private sector partner in the financing of this project. Other sources of financing included the Massachusetts Department of Housing & Community Development, Pentucket Bank, the North Shore HOME Consortium, the City of Haverhill, Community Economic Development Assistance Corporation and the Affordable Housing Trust. The U.S. Department of Veterans Affairs also provided funding to VNOC for this project.