Solutions for the housing crisis won’t come without a foundation of communication and community buy-in, panelists at the New Hampshire Housing 2024 Homeownership Conference agreed Tuesday.
Plans to build nearly 1,000 housing units in Concord hinge on funding for a new 1.5-mile road that could cost up to $16 million to build, a developer said.
Depending on who you talk to, assessments of the current housing landscape in NH range from “insufficient” to downright bleak. There simply aren’t enough units of housing currently on the market to meet the state’s needs.
New Hampshire towns and rural communities have a unique challenge in solving the housing crisis. This program seeks to better understand the process, and the associated risks, challenges, and opportunities, to creating more housing in the Granite State.
The Monitor Way development team presented updated plans for its proposed 135-acre, mixed-use development near the Concord Monitor building, featuring a total 944 housing units, to the public. Monitor Way presented its proposal to the Concord Planning Board on October 18, 2023 for a conceptual design review.
The starting gun has fired for two very large mixed-use projects in Concord following initial hearings before the Planning Board this week, but the biggest presence in the room wasn't really the projects themselves it was the state's housing crisis.
A proposed development at Sewall's Falls in north Concord has grown to 944 apartments, condominiums and townhouses, an increase of almost 50% since it was informally presented last summer. The project, called Monitor Way because much of it would be built on land alongside the Concord Monitor building on Sewalls Falls Road, seeks to build 151 workforce housing units, 327 market-rate apartments within a mixed-use retail center, 223 standalone market-rate apartments, 71 townhouses for sale and 172 condominiums for sale and rent. It would also feature over 100,000 square feet of commercial retail space and another 100,000 square feet of self-storage space.
A developer looking to construct hundreds of new housing units near the former Concord Monitor site presents updated plans to the planning board Wednesday, including nearly 300 more housing units than first proposed around 14 months ago.
A proposal to create as many as 625 units in five buildings to replace Steeplegate Mall is the latest in a series of large, multi-use developments proposed for Concord that could bring well over 1,600 apartments and condominiums to the city.
For three decades economists have signaled that New Hampshire has a “housing mismatch” – or an Econ 101 issue where demand supersedes supply of available houses. But new numbers released by New Hampshire Housing illustrate what a vast discrepancy this has become. Estimates say that the state will need 60,000 units by 2030 to meet current demand. By 2040, that number will grow to 90,000.
