Haverhill to Develop Affordable ADU Assistance Pilot Program
Posted on
August 7th at 3:00pm.
August 7th at 3:00pm.
Representative Andy Vargas secured a $50,000 earmark in the state budget to provide assistance Haverhill residents seeking to build an affordable Accessory Dwelling Unit (ADU). The financial assistance will take the form of a grant or a low interest loan.
Haverhill residents who receive financial assistance from the city to build an ADU would be required to rent the unit as affordable housing for a to be determined period.
The pilot program is still in the early stages of development. Among the items to consider include:
- Depth of the affordability requirement, what percent AMI the unit could be rented at
- Length of time the ADU would have to remain an affordable unit
- Amount of grant/loan funding per person
- Number of grants/loans that can be provided per year
Upon its finalization, the Haverhill Community Development Department will oversee the administration of the ADU assistance pilot program.
Updates will be posted on the NSR blog.
