Tracy Street Housing complex in West Lebanon.

Tracy Street Housing complex in West Lebanon.

Investing in affordable housing

An impact investment from the New Hampshire Charitable Foundation is helping Twin Pines Housing create energy-efficient, affordable housing for 29 families in the Upper Valley, which is one of the tightest housing markets in the state

Twin Pines Housing is building energy-efficient affordable housing with help from an impact investment from the New Hampshire Charitable Foundation. The Tracy Street Housing complex in West Lebanon will provide housing to 29 families in one of the tightest housing markets in the state. It will be the first “net zero” multifamily building in New Hampshire. The building will be next door to the public library, accessible to public transportation and within easy walking distance of shopping and services.

The $500,000 line of credit extended to Twin Pines through the Foundation’s impact investment pool helped kick-start the project, which is slated to be completed in the summer of 2019. The impact investing pool is a portion of the Foundation’s assets invested in local organizations and companies that are improving people’s lives.