Downtown PeabodyLong-term goal of helping Peabody achieve the City’s 40B affordable housing goal of 10% affordability with genuine community input.Revitalized open space by North Shore CDC’s summer youth programNorth Shore CDC led community engagement initiativesImproved neighborhood spaces, like store fronts, sidewalks, and benchesNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.orgPeabody is a vibrant, diverse community with a downtown poised for economic revitalization. North Shore CDC plans a long-term commitment to investing in this revitalization through our neighborhood development model – creating quality housing for Peabody residents, investing in targeted real estate development opportunities that will be a catalyst for further investment, engaging current residents and stakeholders in planning future growth and bringing in neighborhood-based programming which bring opportunity to low and moderate income Peabody residents.

40 Lowell Street, PeabodyApproximately 10 Units of Affordable Rental Housing in 8,000 sq. ft.12 Construction Jobs30 New Residents Supporting Local BusinessTransforming the 40 Lowell Street Courthouse building into affordable rental housingPreserves one of Peabody’s historic treasuresRevitalizes downtown with families who will live, work and shop in downtown PeabodyDevelopment will be a model of energy efficiency and the first LEED-certifiable residential building in the city(2) one-bedroom units, five (5) two-bedroom units , two (2) three-bedroom unitsLong-term affordability to meet resident needs and address Peabody’s need for increase affordable housing stock.North Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org

Salem’s Point NeighborhoodDeveloped 163 units of affordable rental housing Improved Open spaceNorth Shore CDC has worked in the Point Neighborhood for over 40 years, founded as a grassroots community organizing initiative and evolving into a major economic engine rehabilitating 163 units of rental housing and engaging residents through grassroots community development programming. The Point is distinguished from surrounding neighborhoods by its density, high proportion of multi-family housing and masonry apartment blocks, and it’s historic place as a home of immigrants. Densely populated community located in downtown Salem63% non-white residents, consisting of mostly Latino immigrants.144 acre neighborhood with approximately 4,100 residentsResidents participating in Family Stability programmingRevitalized community space by YouthBuild-North ShoreNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org

Palmer Cover ApartmentsOur most recent development in Salem, Palmer Cove is a 15-unit multifamily building that dramatically revitalized a key corner in Salem’s Point Neighborhood. Completed in 2009, what was once a blighted corner is now one of the most attractive housing developments in the area. Transformed a blighted corner into prime real estateKnown as “The Jewel of the Point” for its high design standardsDeeply affordable, mixed income housing for individuals and families15 Units of Affordable Rental Family Housing38 New Residents Supporting Local Business (9) two-bedroom units and (6) three-bedroom unitsLong-term affordability to meet resident needs and address Salem’s need for increase affordable housing stock.North Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org

Peabody, Ward, & Harbor Street RevitalizationNorth Shore CDC will begin renovations on the core of our Salem-based portfolio in late 2013. This 77-unit portfolio was initially acquired in the late 1980's as the CDC's first major real estate acquisition. The planned renovation is a complete modernization of the buildings, including weatherization, structural repairs, new roofs & windows, new energy-efficient mechanical systems and historically-accurate renovation of building entrances. As part of the development process, we plan to utilize state and federal historic tax credits in addition to low-income housing tax credits and private debt. The renovation will preserve this critically-needed affordable housing and improve the quality of life for residents.77 Units of Affordable Rental Family HousingX New Residents Supporting Local BusinessNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.orgX Construction Jobs

Salem’s Point NeighborhoodDeveloped 163 units of affordable rental housing Improved Open spaceNorth Shore CDC has worked in the Point Neighborhood for over 40 years, founded as a grassroots community organizing initiative and evolving into a major economic engine rehabilitating 163 units of rental housing and engaging residents through grassroots community development programming. The Point is distinguished from surrounding neighborhoods by its density, high proportion of multi-family housing and masonry apartment blocks, and it’s historic place as a home of immigrants. Densely populated community located in downtown Salem63% non-white residents, consisting of mostly Latino immigrants.144 acre neighborhood with approximately 4,100 residentsResidents participating in Family Stability programmingRevitalized community space by YouthBuild-North ShoreNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org

Beverly: Downtown &Gloucester Crossing Developed X units of affordable rental housing Open spaceNorth Shore CDC has invested over $33million in public and private resources to create 117 affordable homes around the Gloucester Crossing neighborhood and downtown Beverly. Police calls in the Gloucester Crossing neighborhood have dropped 90% since our work in the neighborhood beganCabot St. Homes transformed the entryway to downtown with Beverly’s first LEED-certified development and was the first of it’s kind in Massachusetts to achieve LEED-Platinum certification.Holcroft Park Homes transformed an entire neighborhood with 6 family-friendly apartment buildings.Residents participating in Family Stability programmingRevitalized neighborhood space by YouthBuild North ShoreNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org

Holcroft Park Homes, BeverlyNorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org58 Units of Affordable Rental Housing 152 Local Residents Supporting Downtown Business(8) one-bedroom units, (34) two-bedroom units, (16) three-bedroom unitsServing low and very-low income families. Two-thirds of families are 30% or below the average median incomeOriginally built as housing for United Shoe Company employees, the Gloucester Crossing neighborhood experienced a period of neglect and economic decline after the manufacturing facility closed in the early 1980s. The neighborhood, however, has continued to have a strong sense of community, is home to multi-generational families and has become increasingly diverse with a immigrant population. Holcroft Park Homes, named after a local park at the center of the community, is a neighborhood-wide revitalization project. Recently completed in 2013 after a 9-month long community visioning process, the project transformed some of the most blighted properties in the city.71 Construction Jobs

Cabot Street Homes, Beverly43 Single Resident Occupancy (SRO) Units and 1 Community Center52 Construction JobsCabot Street Homes is the first new rental housing to be built in Beverly in over 20 years. With truly affordable units, wide community support, and leading standards in energy efficiency, this project- once the site of the aging Mayflower Motel- has transformed the gateway of downtown Beverly.The first affordable, low-rise multifamily development in the state to receive the highest ranking – LEED Platinum Certification- by the U.S. Green Building Council’s LEED-for-homes certification.LEED-certified homes offer lower energy and water bills, reduces greenhouse gas emissions, and lower maintenance costs.Serving 43 residents:18 residents at 30% of the average median income (AMI) or below8 residents between 31-50% AMI 17 units serving residents between 50-60% of AMINorth Shore CDC I 102 Lafayette Street, Salem, MA I 978.825.8071 I northshorecdc.org