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Nonprofit seeks Tamworth help to apply for $500,000 CDBG for Remick Acres rehab
Summary
Housing Initiatives of New England asked the Tamworth Select Board to serve as fiscal pass-through for a Community Development Block Grant to renovate Remick Acres, convert six studios to one‑bedrooms and support low‑income senior housing. The board agreed to schedule required public hearings in June and consider the application at a later vote.
Housing Initiatives of New England (HINE) representatives told the Tamworth Select Board on May 27 they plan to apply for a Community Development Block Grant to help fund a multi‑million‑dollar rehabilitation of Remick Acres, a 24‑unit affordable senior housing property.
Scott Mulligan, who identified himself as a representative of HINE, said the nonprofit intends to convert six studio apartments into one‑bedroom units so the site will contain 24 one‑bedroom units. Mulligan said the project would be carried out after a capital needs assessment and architectural and engineering work; he described a preliminary financing plan that would include a tax‑exempt bond, low‑income housing tax credits and equity…
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