$20 Million Affordable Housing Project in Beverly

The Salem News recently reported that a $20 million affordable housing project got under way last month in one of Beverly’s poorer neighborhoods, Gloucester Crossing. The new development, Holcroft Park Homes, will consist of six buildings with 58 apartment units

The development is being built by the North Shore Community Development Coalition and the YMCA of the North Shore. The organizations have had plans to build affordable housing in the area since 2007.

The Gloucester Crossing area has had a poor reputation over the years, known as one of the most dangerous areas in Beverly.  Since the two organizations purchased properties to build the new development on, crime rates have fallen. The two building organizations hope to change the bad reputation.

"Your presence has provided so much," said Police Chief Mark Ray. "Gloucester Crossing had the highest crime rate and fear of crime in the city. Since your [NSCDC & YMCA of NS] investment, a remarkable transformation has occurred."

Read the entire Salem News article.