Affordable Senior Housing Development Breaks Ground in Hampton Falls

HAMPTON FALLS, NH — Construction has begun for the Meadows at Grapevine Run, an affordable senior housing development in Hampton Falls by Avesta Housing, and will be available to rent next summer 2017. With financing help from Meredith Village Savings Bank (MVSB), the Meadows at Grapevine Run will offer 24 units of affordable, one-bedroom senior housing on a 57-acre site in the center of town, according to a press statement. It will also include a community room and laundry room.

The project is sponsored by Avesta Housing, a nonprofit developer that specializes in affordable housing.

“We’re proud to support local organizations, like Avesta Housing, that help our communities thrive,” said Rick Wyman, the president of Meredith Village Savings Bank. “With a loan processing office in Hampton Falls and construction for our new branch in Portsmouth slated to start soon, the Seacoast has become a major community focus for us. We are happy to do all we can to further the economic advancement of this area.”

Tony Schinella

The Patch