{"id":13061,"date":"2025-08-21T10:33:48","date_gmt":"2025-08-21T14:33:48","guid":{"rendered":"https:\/\/pcconstruction.com\/?p=13061"},"modified":"2025-08-21T10:34:02","modified_gmt":"2025-08-21T14:34:02","slug":"manchester-affordable-housing-turned-over-for-occupancy","status":"publish","type":"post","link":"https:\/\/pcconstruction.com\/news\/manchester-affordable-housing-turned-over-for-occupancy\/","title":{"rendered":"Manchester Affordable Housing Turned Over for Occupancy"},"content":{"rendered":"

\"Residences The Residences at Chestnut project continues to progress quickly, with the first building \u2013 providing 44 affordable units \u2013 now completed and occupied in Manchester, New Hampshire.<\/p>\n

Construction began in December 2023 as a collaborative effort between Lincoln Avenue Communities, Market Square Architects and PC Construction. Located in Manchester\u2019s Central Business District, the 160,000-square-foot multi-family development features two mid-rise buildings offering a total of 142 income-restricted studio, one- and two-bedroom apartments. Of these, 30 units are reserved specifically for Veterans and their families, reinforcing the project\u2019s commitment to supporting many community needs.<\/p>\n

Financing for the $47 million project was made possible through the New Hampshire Housing Finance Authority, supported by Low Income Housing Tax Credit (LIHTC) and 10 other public funding sources \u2013 a testament to the power of strategic partnerships in addressing housing challenges.<\/p>\n

Within a month of substantial completion, 90% of the first building\u2019s units were already under rental agreement, clearly demonstrating the overwhelming demand for affordable housing. Across the nation, the shortage of affordable housing continues to impact families and individuals striving for stability. Projects like this are essential infrastructure, providing not just shelter but opportunity, dignity and community.<\/p>\n

We are excited to wrap up the second building by summer 2026, bringing to fruition a powerful example of what can be achieved when communities come together to prioritize accessible housing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Residences at Chestnut project continues to progress quickly, with the first building \u2013 providing 44 affordable units \u2013 now completed and occupied in Manchester, New Hampshire. Construction began in December 2023 as a collaborative effort between Lincoln Avenue Communities, Market Square Architects and PC Construction. Located in Manchester\u2019s Central Business District, the 160,000-square-foot multi-family […]<\/p>\n","protected":false},"author":60,"featured_media":13062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[20],"tags":[68,31,69],"class_list":["post-13061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-affordable-housing","tag-commercial","tag-multi-family-residential"],"acf":[],"yoast_head":"\nManchester Affordable Housing Turned Over for Occupancy - PC Construction<\/title>\n<meta name=\"description\" content=\"The Residences at Chestnut project continues to progress quickly, with the first building \u2013 providing 44 affordable units \u2013 now completed and occupied in Manchester, NH.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pcconstruction.com\/news\/manchester-affordable-housing-turned-over-for-occupancy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manchester Affordable Housing Turned Over for Occupancy - 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