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In the Upper Valley Lake Sunapee region, a projected need for 3,800 to 4,600 new housing units by 2020 highlights a critical housing shortage. With an estimated 10% of these units expected to be rentals, the recent development of 598 units over the past decade has not sufficiently met demand. New projects such as Emerson Place and the Bridge/Main initiative in White River Junction aim to address this gap, emphasizing the importance of availability and affordability in enhancing community quality of life and economic stability.
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Who Needs Housing? “In the Upper Valley Lake Sunapee Regional Planning Commission region, it is estimated that between 3,800 and 4,600 new housing units will be needed between 2010 and 2020” “According to projection models 10% of new units built in the next 10 years may need to be rental units.”
598 units were built during the past 10 years • Emerson Place – 160 units Lebanon • 2 BR / 2 bath • Gile Tract – 61 units Hanover • 15 market 2 BR / 2 bath • 46 affordable units (6 one BR, 7 three BR, 33 two BR) • Curtis Court – 15 units Hanover • 2 BR / 2 bath • Timberwood Commons – 252 units Lebanon • 20 studios, 106 one BR, 126 two BR
Where will the next 400 rental units be constructed? And who will construct them?
42 loft style units within walking distance to town center & Advance Transit
New Rental Units To Be Built Hartford $6 Million Dollar Men: 2 Developers Plan Major Projects in Downtown White River Junction Sunday, May 4, 2014 by Valley News
The proposed exterior renovation to the former American Legion building in White River Junction, Vt. (Courtesy River Town Design) Sunday, May 4, 2014 by Valley News Former American Legion site 22 studio apartments 400 sq. ft. w/ loft
The proposed Bridge and Main project in White River Junction, Vt., in an artist's rendering. (Courtesy Kane Architecture) Sunday, May 4, 2014 by Valley News New Construction Bridge/Main 8-10 one bedroom apartments 630-890 sq. ft.
“Housing availability and affordability for all residents are critical components of the overall quality of life and economic stability for communities in the Upper Valley.” As the Upper Valley Lake Sunapee Regional Planning Commission reported in their recent housing needs analysis;
