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Cocheco Park Apartments

40 Chestnut Street
Dover, NH
Deal Type: 
Acquisition/Rehab
Year Built: 
1980
Acquisition Date: 
2008
Last Renovation: 
2008
Number of Units: 
82
Tenancy: 
Senior

Cocheco Park Apartments are set beautifully along the Cocheco River, which is a central feature of downtown Dover. The 102 apartments represent two-thirds of the city's subsidized affordable stock, and preserving them as homes for low-income seniors was a concern for city leaders as well as the state housing finance agency.

In 2008, the POAH team worked with the New Hampshire Housing Finance Agency to craft a purchase plan which ensured that the current Cocheco Park residents could remain in their homes. The majority of the units have rents underwritten by Section 8 subsidies; the balance is set aside for moderate-income households. 

Since purchasing the property, POAH has made upgrades to the electrical and life safety systems as well as other cosmetic improvements to units and common areas. Cocheco Park features energy efficient lighting, both interior and exterior, and water saving fixtures throughout.

Project Partners

  • New Hampshire Housing Finance Agency
  • US Department of Housing and Urban Development (HUD)