Commonwealth Land Trust Breaks Ground on New Affordable Housing Development
Courtesy photo attached; additional supporting quotes below
The project represents CLT’s first project in the City and reflects the organization’s continued growth and commitment to community preservation at a time when the need for stable, affordable housing has never been greater.
This new development advances CLT’s mission to create permanently affordable homes that help residents remain in their communities and build long-term stability. Construction is expected to take approximately 16 months, followed by six months of leasing, with the project anticipated to be completed by the end of 2027.
The project recently received $6.9 million in state and federal funding from the Healey-Driscoll Administration, including Low-Income Housing Tax Credits and state subsidy support, fully funding the $18 million development and helping move the project forward more quickly.
The five-story building will provide 40 single-occupancy, permanently affordable homes for people with histories of homelessness, extremely low incomes, and disabilities. The project will deliver 28,665 square feet of finished space on a 7,722-square-foot lot. Developed in partnership with the Massachusetts Coalition for the Homeless, the project is expected to close construction in early 2026 and begin welcoming residents in 2027.
The building is being designed with sustainability in mind, with plans for full electrification of heating, cooling, and hot water systems, on-site solar panels to help reduce utility costs, and a goal of meeting Passive House standards. Units will feature Luxury Vinyl Plank flooring, Silestone countertops, and GE Energy Star appliances.
"We are grateful to have been welcomed into Lynn for this important project,” said Iva Comey, President and CEO of Commonwealth Land Trust. “For 40 years, we have preserved neighborhoods and developed supportive housing in Eastern Massachusetts. This development builds on that history, creates high quality homes, and provides stability and long term opportunity for people who need it most."
The project is supported by a broad coalition of public, private, and community partners, including major financial institutions and housing investment organizations. The groundbreaking will bring together local and state officials, community development leaders, housing advocates, and residents to recognize the collective effort behind the project.
The groundbreaking ceremony featured remarks from a diverse group of leaders, partners, and community voices who have played a role in bringing the project to life. The event began with a welcome from President and CEO of CLT, Iva Comey, followed by CLT Board Member David Hale, who highlighted the organization’s growth and mission and excitement to expand into Lynn.
Elected officials offered their support, including Mayor Jared Nicholson and State Representative Sean Reid, emphasizing the importance of affordable housing and support to the Lynn community.
Funding partners also spoke, including Ethan Handelman, Executive Director of CEDAC, as well as representatives from MHIC and Eastern Bank, noting the critical role of financial backing in making the project possible.
Partner organizations shared their perspectives, with remarks from Joyce Tavon, CEO of the Massachusetts Housing & Shelter Alliance (MHSA), and Robyn Frost, Executive Director of the Massachusetts Coalition for the Homeless, highlighting the collaborative effort to address homelessness and housing instability.
Voices from the community included Jason, a CLT resident who shares his direct experience with affordable housing, and the project architects, who spoke about sustainable design, accessibility, and creating homes that prioritize resident well-being.
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