Multi Residential

MassDev Helps Advance Housing Development

Rendering of Lighthouse 47, an affordable housing facility to be built at 47 Leavitt St. in Salem

Salem, MA – MassDevelopment has awarded $170,000 from the Brownfields Redevelopment Fund to North Shore Community Development Coalition, Inc. (North Shore CDC) to assess and remediate a .22-acre lot at 47 Leavitt St. in Salem. The lot will be the site of a 25-unit affordable housing facility complemented by community and commercial space.

This is one of three lots in the Point neighborhood in Salem that North Shore CDC is redeveloping as part of a project dubbed “The Lighthouses.” A lot at 34 Peabody St. will also be developed into a 21-unit affordable housing development with additional community space, and a lot at 38 Palmer St. will be improved and used to provide additional parking for the 47 Leavitt St. development.

Of the 46 new units of affordable rental housing this project will create, 30 units will be rented to households earning up to 60% of the area median income and 16 units will be set aside for households earning up to 30% of the area median income.

Additionally, North Shore CDC has been awarded a total of $145,000 from MassDevelopment’s Commonwealth Places program to fund four placemaking projects in the Point.

MassDevelopment oversees the Brownfields Redevelopment Fund, which helps to transform vacant, abandoned, or underused industrial or commercial properties by financing the environmental assessment and remediation of brownfield sites in “economically distressed areas” of the Commonwealth.

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