Politics & Government
Beverly May Help Fund Affordable Housing Project
City Council will consider whether to kick in $250,000 for the first phase of an affordable housing project at a Feb. 19 public hearing.
BEVERLY, MA -- City Council will consider whether to spend $250,000 community preservation money for the first phase of an affordable housing project proposed for Sohier Road. Harborlight Community Partners, a Beverly-based affordable housing agency, wants to build Anchor Point, an apartment complex that would include 38 two- and three-bedroom family apartments. City Council will hold a hearing on the proposal to earmark money from the city's 1 percent sales tax surcharge on Feb. 19.
According to the Salem News, which first reported this story, backers eventually envision a $37.4 million complex featuring two buildings with 75 apartments. Harborlight Community Partners is submitting an application for state funding this month. If approved, construction could begin next year.
For more on this story, see the Salem News. Subscribe to Beverly Patch for more local news and real-time alerts.
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