Salem and Beverly Housing Groups Seek Merger

The Salem News is reporting that Salem Harbor Community Development Corp. has been in merger discussions with the Beverly Affordable Housing Coalition.  Salem Harbor CDC, which has headquarters on Lafayette Street, owns several buildings and about 180 affordable apartments, many in The Point, an adjacent low-income, largely Spanish-speaking neighborhood. It also offers English classes for immigrants.

The Beverly Affordable Housing Coalition oversees about 70 affordable apartments, with two affordable-housing projects under way – it broke ground last month on 43 studio apartments on Cabot Street at the site of the former Mayflower Motel and has secured initial funding for Holcroft Park Homes, 65 affordable residences in the Gloucester Crossing section of Beverly. They hope to begin construction on that project early next year.

Read the entire Salem News article.