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Common
Ground Development Corporation
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CTI's
commitment to creating and expanding affordable housing led to the
creation of Common Ground Development Corporation, a subsidiary
of Community Teamwork established in 2002. Common Ground's mission
is to develop new affordable housing for low and moderate income
persons and families in the Greater Lowell area.
Under
the leadership of Steve Joncas,
Chief Executive Officer,
Common Ground Development Corporation has extensive experience in
developing and managing affordable housing projects in Lowell and
throughout the Merrimack Valley.
Common
Ground's most recent accomplishment is the completion of the Stony
Brook Project consisting of 15 units of affordable housing in
Westford through a partnership with
the Westford Housing Authority, the Westford Affordable Housing
Committee, and the Massachusetts Housing Partnership (MHP). Five
of the apartments are for people at 30% of median income or below,
five at 50% of median income, and five at 100%of median income.
In
addition to Stony Brook, Common Ground has a number of other projects
under development. These include:
- Milly's
Place - The acquisition and rehabilitation of CTI's Homeless Family
Shelter located at 360 Pawtucket St. in Lowell.
- Merrimack
St. - The purchase and rehabilitation of a three-decker building
that will house a second homeless shelter for six families.
- Broadway
St. - The purchase and rehabilitation of this nine-unit rental
property to house families who earn less than 50% of the area
median income.
- Sagamore
St. & Pawtucket St. - The purchase of two vacant lots from
the City of Lowell on which to develop two duplexes. These owner
occupied units will be sold to families earning 80% of area median
income and rented to families with a project-based rental voucher
from the Lowell Housing Authority.
- Worthen
St. - The development of a vacant three-story historic structure
into three condominium units to be occupied by first-time homebuyers.
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