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Housing Watch: Panel Backs $250K for Affordable Housing Complex in Beverly

2.11.19

A committee has recommended spending $250,000 in community preservation money to help pay for the first phase of an affordable housing development on Sohier Road in Beverly.

The complex, to be called Anchor Point, calls for the initial construction of 38 two- and three-bedroom family apartments in a building at the corner of Sohier and Tozer roads.

The spending must be approved by the City Council, which has set a public hearing on the matter for Feb. 19.

Harborlight Community Partners Executive Director Andrew DeFranza said Anchor Point would provide much-needed housing for working families and formerly homeless families. A second phase would build 37 apartments, for a total of 75.

"It creates economically accessible housing for families in Beverly into the future," DeFranza said. "It's 75 units, which is really very exciting in my mind."

Harborlight Community Partners, an affordable housing agency based in Beverly, bought the 5 acres of vacant land on Sohier Road, up the hill from Beverly High School, for $3 million in January 2018.

The City Council voted to create a special zoning district for the area, which makes the city eligible for state payments based on the number of units and new students that would move into the district.

The housing would be for families earning at or below 60 percent of the area median income, which in 2018 was $64,680 for a family of four. Twenty percent of the units would be set aside for families coming out of homelessness.

The full project would feature two buildings for the 75 apartments, and a third building to serve as a community space, management offices, and a new corporate office for Harborlight.

More on this proposal from The Salem News.

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