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Habitat staff: Assabet River Homes construction continues as fundraising lags; payment schedule revisions requested

Concord Housing Development Corporation · March 3, 2026
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Summary

Habitat staff reported ongoing construction at Assabet River Homes (26 Rothermel) but said fundraising lags. They requested revisions to the project payment schedule and will follow up with detailed proposals for board review and a vote.

Sheilagh Carlisle, HFH staff, reported that construction continues at Assabet River Homes, including work at 26 Rothermel, but that fundraising for the project has not kept pace with expenses.

According to the minutes, Habitat staff said they have requested revisions to the project's payment schedule to address the gap between construction progress and available funds. Staff told the board they will provide more detailed information about the requested schedule changes and related financial implications for further review and a future vote.

The minutes did not list dollar amounts, revised schedule terms, or a timetable for the follow-up report. The record states only that construction progress is ongoing, fundraising lags, and that staff will return with specifics for the board to review.