Neighborhood Initiative IILaconia, NH Neighborhood Initiative II is a scattered site neighborhood revitalization project which rehabilitates existing housing and completes the adaptive reuse of the vacant Batchelder Street School. A small computer learning center for the families who live in Laconia Area Land Trust's (LACLT) developments as well as a common area for use by a newly formed neighborhood association is in the basement of the renovated school. |
![[img] Development](../_images/projects/NeighborhoodInitII_nhhef99.jpg) |
| LP Name | Laconia Neighborhoods Initiative (LNI) LP | |
| Number of Units Type Residency |
19 acquisition/rehab scattered site family |
|
| Placed in Service Date Partnership Closing Date |
09/01 08/00 |
|
| Unit Mix | 5 one-bedroom units 9 two-bedroom units 2 three-bedroom units 3 four-bedroom units |
|
| Income Target | 7 units at or below
60% of AMI 12 units at or below 50% of AMI |
|
| NNEHIF Fund | NHHEF 1999 LP | |
| Other Sources of Funding | Providian
National Bank First Mortgage Belknap County Community Development Block Grant New Hampshire Housing Finance Authority FAF Federal Home Loan Bank of Boston AHP Neighborhood Reinvestment Corporation (NRC) |
|
| Developer | Laconia Area Community Land Trust | |
| Property Manager | Laconia Area Community Land Trust | |