Cynthia Taylor, President of Housing Initiatives of New England Corporation, said the project's proximity to shopping, two independent retirement communities, and medical facilities (including a hospital) would make it a great option for aging seniors who are looking for services.
It would allow people who need services to stay within their neighborhood or it could attract seniors from other parts of Dover and Durham.
"People need additional services and need a lifestyle change if they no longer want to maintain a single family home," she
Mast Landing received a combination of tax-exempt bonds and Low Income Housing Tax Credits, which are both federal funding sources, from New Hampshire Housing
Tax credits have a track record of providing developers with the public-private partnerships and investments they need to build new rental housing, which is in high demand and short supply.
noted that these types of affordable housing deals can be difficult to put together.
"We're fortunate to have the low income housing tax credit funding to provide this type of housing," she