Dakota Completes First Family-Affordable Housing Community in Hudson, NH
HUDSON, NEW HAMPSHIRE – Dakota Partners has completed construction on the first phase of Friars Court, delivering Hudson, NH its first and only family-affordable housing community. Located in New Hampshire’s largest county where affordable housing is scarce, Friars Court brings tremendous value to the community where there is a high demand for quality, safe, and sustainable housing.
“Friars Court Apartments is being built in two phases, through financing from New Hampshire Housing. Dakota worked cooperatively with the town of Hudson in getting these 81 quality and energy efficient one- and two-bedroom general occupancy units approved,” said Jim Menihane, Director of Multi-Family Business Development at New Hampshire Housing. “These new units will provide much-needed homes for our state’s workforce, which is especially needed given the low inventory of apartments and higher rent in the southern tier of New Hampshire.”
The new development is nestled on an 11-acre site just a mile from Hudson’s busy central business district and within walking distance of grocery stores, banks, retail stores, post offices, and pharmacies. Commuters will enjoy direct access to State Route 3A and excellent access to public transportation; downtown Nashua’s robust shopping and entertainment area is a short three-mile drive away.
Phase 1 of Friars Court was designed to Certified Passive House standards to ensure high-energy efficiency throughout the year. There are several benefits that residents will enjoy from living in a Passive House development, including savings in monthly utility bills from reduced energy use, high indoor air quality due to excellent ventilation, and a sound-proof home from air tightness and super insulation. An early adopter, Dakota is one of the nation’s most active Passive House developers of affordable housing with close to a dozen projects currently under construction or in development.
Friars Court is made up of two separate buildings, the first of which features 47 units. Phase 2 – scheduled for completion in March of 2022 – includes the second building of 34 units and a Community Building for all residents of Friars Court to enjoy. Each of the residential buildings has a mix of one- and two-bedroom units.
As a real estate developer and builder, Dakota Partners develops affordable, workforce and market-rate housing communities across New England, New York and the mid-Atlantic states. According to Affordable Housing Finance, Dakota is a the 40th largest affordable housing developer in the United States. At the core of every project is Dakota’s mission to create housing that matters – to residents, the community, and the environment.