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WeBuild Concord reports pipeline of nearly 97 affordable housing units under development
Summary
WeBuild Concord updated council on multiple housing projects including the Sanctuary, Malvern, Corbin Street, Lincoln Street townhomes and several single-family workforce homes; group reported about 42 units already completed and a pipeline approaching 97 units.
WeBuild Concord provided City Council an update on its housing pipeline and development activity, reporting continued progress on several adaptive-reuse and new-construction projects designed to expand affordable and workforce housing in the city.
Dr. Graham said preconstruction has begun at the Sanctuary project at 114 Kerr Street; Lyles Construction is on site to secure the building and preserve stained-glass features. The Sanctuary plan was revised to add additional one-bedroom apartments by converting some studios with pocket doors.
The Malvern project (a former nursing home) is on schedule with final construction bids due June 17; WeBuild confirmed at least three bids had been received. The organization also identified two finalists from six architectural and engineering RFP submissions for the Corbin Street project and reported a narrowing of applicants for an efficient-footprint tiny-home development.
On Lincoln Street townhomes, WeBuild said five renter households have been housed, four purchases are contracted and two additional offers are pending; that may bring initial resident totals to 11 by July. Separately, WeBuild reported six individual single-family homes are under construction or in fast-track development at Allison Street, the Mills off Rocky Road, and Poplar Tent; some of those parcels were donated and combined gift value was cited at $500,000.
Dr. Graham said WeBuild is experimenting with financing (presale and construction loan models) and building methods (including a metal-framed unit) to reduce upfront city subsidy needs. The organization said it has engaged state and federal legislative offices and national partners to discuss lending policies and construction funding and plans to publish details on a revolving construction fund and a four-year housing production campaign after its July board meeting.
Council members asked about total homes constructed or under construction; Dr. Graham said the portfolio is nearing 97 total residences with about 42 completed. WeBuild said multiple larger projects could run concurrently in the coming months and thanked the city for continued support.
