In celebration of Dracut’s commitment to affordable housing, Common Ground Development Corporation, the affordable housing development arm of Community Teamwork, will hold a Groundbreaking ceremony at the new Greenmont Senior Housing location at 1530 Bridge Street, Dracut, on Tuesday, February 4th, 2025, at 10:30am. (In the event of inclement weather, the event will take place at the same time on Friday, February 7th).
Greenmont Senior Housing consists of a 3-story building with fifty-six 1-bedroom rental units. It will provide safe, affordable, and accessible housing for seniors and persons with disabilities.
The main entrance includes a management office, mailroom located near the entrance, and a large lobby/waiting area. In addition to residential units, the building provides community rooms, shared laundry on each floor and tenant storage. The site also includes outdoor seating areas, walkways, and a fenced-in pet area. The property provides seventy-seven parking spaces for residents and guests.
All fifty-six units will be affordable and available to tenants with incomes under 60% of the area wide median income therefore qualifying under the provisions of the Low -Income Housing Tax Credit Program (IRC, Section 42).
Common Ground Development Corporation is also committed to providing additional tenant services which will provide Residents the ability to age in place. Services will be available from Peabody Properties, AgeSpan (formerly Merrimack Valley Elder Services), Community Teamwork Inc., and the Dracut Council on Aging, and will include a Residential Service Coordinator to assist Residents with access to medical, transportation and other service needs.
Funding for this project is being provided by Boston Financial, Citizens Bank, MA Executive Office of Housing and Livable Communities, Community Economic Development and Assistance Corporation, Massachusetts Housing Partnership and the Town of Dracut.
The project, along with the architect, BWA Architects, is committed to building green and complying with Energy Star Homes Program and LEED Silver status.
