Common Ground Development Corporation
Creating Affordable Housing
The Common Ground Development Corporation (CGDC) is a wholly owned subsidiary of Community Teamwork, with a separate Board of Directors established in 2002. Its mission is to create affordable housing in the Merrimack Valley. To date, it has created 119 units of affordable housing, with plans to add 100 more units in the next several years.
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. For example, the former Acton High School has been converted to 15 units of affordable housing in a project financed by tax credits.
- 15 units of family rental housing in the Stony Brook area of Westford and is developing another 36 units in the area adjacent to it, across the street from the Stony Brook School (pictured above)
- Purchased 26 units of existing affordable housing on Broadway Street in Lowell consisting of 1, 2 and 3 bedroom units in three buildings, in order to preserve the affordable nature of the units
- In partnership with the City of Lowell, Common Ground renovated a vacant Worthen Street building into three 3-bedroom affordable apartment units
- Provided development services to Community Teamwork to renovate a 3-family tenement at 767 Merrimack Street, Lowell, into a shelter for up to seven homeless families, and another homeless family shelter located at 360 Pawtucket Street in Lowell
- Worked with CTI’s YouthBuild Program to produce two condexes on Pawtucket Street and Sagamore Street in Lowell. Each of the four units was sold to a family earning 80% of area median income. One of the families came from the CTI Section 8 Family Self-sufficiency Program
For additional information, please visit www.commongroundhousing.org