A Provincetown Independent story
The plan to build 46 affordable apartments at 95 Lawrence Road has cleared its last major hurdle. On Monday, the state Executive Office of Housing and Livable Communities (EOHLC) announced that the Residences at Lawrence Hill will receive close to $24 million in subsidies and tax credits — the funding the project needs to finally break ground.
According to Community Development Partnership CEO Jay Coburn, construction at Lawrence Hill could begin within nine months, and once shovels hit the ground, work on the project could take up to 20 months. That puts the likely completion date in the fall of 2026.
According to Vitalia Shklovsky, senior project manager for the nonprofit Preservation of Affordable Housing (POAH), the project will receive $8 million in grants and another $15 to $16 million in state and federal low-income housing tax credits. POAH is working with the local nonprofit Community Development Partnership (CDP) to develop and manage the project.