Concord Housing + Redevelopment Scores High in Federal Assessment

Concord, NH — May 12, 2016 — Concord Housing + Redevelopment (CH+R) recently received its scores from the federal government’s Public Housing Assessment System (PHAS) review. PHAS is an annual evaluation of public housing authorities. CH+R received a score of 95/100, and is considered a “high performer”.

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Concord Housing + Redevelopment Receives Highest Rating From U.S. Department of Housing and Urban Development

Concord Housing + Redevelopment is proud to announce that it has received a High Performer rating through the Section 8 Management Assessment Program (SEMAP). SEMAP enables the Department of Housing and Urban Development (HUD) to better manage the Section 8 tenant-based program. It measures performance of public housing agencies and helps HUD identify and target those that may need improvement.

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Concord Housing + Redevelopment Purchases Property In Capital City

Concord Housing + Redevelopment (CHR) has purchased the property located at 84 South State Street in Concord. The building contains four residential units and a 1,000 square foot commercial/retail space. Extensive renovations will begin immediately to elevate this underperforming property into desirable market rate housing and commercial space.

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Concord Housing+ Redevelopment Leases South Main Street Retail Space

Concord Housing + Redevelopment (CH+R) has leased retail space at its 65 South Main Street property to What’s In Your Closet Resale & Gift Boutique.

“What’s In Your Closet is not your typical consignment store,” says Concord resident and owner Rachel Ward. “The store sells fashions from top designers to vintage treasures, to everyday essentials, as well as designer and vintage purses, shoes, and jewelry. We even feature home décor items. We offer many new and gently used items including women’s clothing, sizes junior through women’s.”

“65 South Main Street is a prime retail space with plenty of parking, which makes it ideal for businesses with a steady customer flow” says John Hoyt, Executive Director, Concord Housing + Redevelopment. “We’re please to have Rachel house and her new venture at one of our prime commercial rental properties.”

Area real estate broker Wendy Keeler, Fairway Real Estate, located at 566 Pembroke Road, Pembroke, New Hampshire brokered the transaction.

Consignments will be accepted beginning the week of October 19th with the official store opening October 27, 2015. No appointments necessary, however, Ward suggests calling in advance, 224-2722, with any questions concerning accepted items. What’s In Your Closet Resale & Gift Boutique is closed on Mondays.

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Concord Housing+ Redevelopment Purchases Problem Property In The City

Concord Housing + Redevelopment (CH+R) has completed a purchase and sales agreement for the property at 74 Rumford Street, Concord, NH. This four unit building, known to authorities for drugs deal and high crime, has long been a problem residence for neighbors and police alike. By adding this real estate to their diverse portfolio of properties in and surrounding Concord, Concord Housing + Redevelopment will transform this underperforming property into a quality, market rate rental.
“Now that 74 Rumford Street is in the CH+R portfolio of properties, things will improve dramatically, neighbors will return to quiet enjoyment, police resources will be freed up, and the community will have a fresh face in the neighborhood ”, says John Hoyt, Concord Housing + Redevelopment’s Executive Director.

Area realtor, Beth Vignati, EXIT Realty Great Beginnings, located at 6 Garvins Falls Road, Concord, NH, brokered the real estate transaction.

Substantial renovations planned include rehabilitating to today’s building codes; each of the four one-bedroom apartments will be outfitted with new cabinetry, bathrooms, flooring, and electrical. A new porch as well as a new retaining wall will be constructed. The basement, which is currently unused space, will have a Laundromat facility as well as on-site storage for each apartment. There is also on-site tenant parking.

“The majority of work and products will be provided by Concord area contractors,” says Hoyt. Our in-house construction staff will perform the bulk of the work in conjunction with trusted vendors. We are looking forward to turning 74 Rumford Street into a dwelling of which we can all be proud.

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