COMMON GROUND

DEVELOPMENT CORPORATION


A safe, decent, affordable home for everyone who needs one is the Common Ground goal.

Residences at Stony Brook, Westford, MA
   

     Common Ground receives DHCD funding to construct Phase 2 of the Residences at Stony Brook in Westford

     Residences at Stony Brook Phase 2 is a new construction project in Westford sponsored by the non-profit Common Ground Development Corporation. DHCD will support the project with Low Income Housing Tax Credits, federal HOME funds, and state bond subsidies. When completed, the project will include 36 affordable units for families, with nine units reserved for households earning less than 30 percent of area median income. The first phase of Residences at Stony Brook contained 15 affordable units and was completed in 2006.

     With the entire region facing a severe crisis in housing supply, Common Ground Development Corporation (CGDC) was created as a non-profit subsidiary of CTI to produce more housing, for home-buyers and tenants, and to preserve existing apartments at affordable rent levels.

     Common Ground’s mandate is to work cooperatively with the cities and towns throughout the Merrimack Valley and North Shore to address this acute need.  New units are being created through rehabilitation of distressed buildings and through new construction.  Existing apartments are being preserved at affordable rent levels through the acquisition and maintenance program.

     Common Ground offers an opportunity for towns to work collaboratively with a friendly developer to plan and execute projects that will ‘work’ for everyone concerned.

     Common Ground has worked with CTI’s YouthBuild Program that helps at-risk youth earn a GED and acquire construction trade skills. The students construct affordable housing in partnership with and under the supervision of licensed, experienced building contractors.

     Common Ground actively reaches out to area cities and towns, communicating with their Planning Departments, Affordable Housing Committees and local Housing Authorities to increase affordable housing production, while reducing reliance on Chapter 40B as a development tool.

     A safe, decent, affordable home for everyone who needs one is the Common Ground goal.

 

NEW!
Ribbon Cutting Photos from Old High School Commons Event


CGDC Projects

420, 423, 430 Broadway Street
(Lowell, MA)

767 Merrimack Street
(Lowell, MA)

Old High School Commons
(Acton, MA)

346-348 Pawtucket Street
(Lowell, MA)

Milly's Place
(Lowell, MA)

9-11 Sagamore Street
(Lowell, MA)

The Residence at Stony Brook
(Westford, MA)

205 Worthen Street
(Lowell, MA)

 
To see photos and read project descriptions please visit our
Completed Projects
page

 

   

             CGDC In The News             

Area affordable housing in line for state funds

Move-in time at Acton's Old High School Commons

Affordable housing plan moves ahead at historic Acton high school

CTI makes pitch for Varnum School: One of two nonprofits seeking to rehab site

CTI using $700G grant to build Pawtucket St. home

From Flophouse to Airy Affordable Homes: Extreme makeover on Worthen Street

Stony Brook affordable housing dedicated to man who fought for it

CTI open house tomorrow for condominiums

CTI subsidiary makes move into affordable-housing market

CTI begins final part of Acre renovation


 

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