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Point Neighborhood MassWorks Grant Project

  Leavitt And Congress St

 

The City of Salem has been awarded a $3,250,000 MassWorks grant by the Commonwealth of Massachusetts to construct planned improvements on multiple streets and intersections throughout the neighborhood, including new road surfaces, sidewalks, trees, crossings, and accessibility enhancements. The aim of the project is to fund traffic calming measures and pedestrian safety enhancements through a series of curb extensions, rehabilitation of sidewalks, and intersection modifications along Peabody, Harbor, and Congress Streets in Salem’s historic Point neighborhood. Located less than one mile from the Salem Commuter Rail Station, the Point neighborhood includes rich architectural assets, a significant supply of affordable housing, immigrant-owned small businesses, easy access to Salem Harbor and public transit, and close proximity to Salem State University. With an additional $110,000 contribution from the City of Salem, the $3.25 million MassWorks grant will support increased connectivity and transportation safety for upcoming developments, The Lighthouses and Harbor Point Apartments.  The Lighthouses will occupy two locations along Peabody Street and Leavitt Street and will result in 46 units of new mixed-income housing, while Harbor Point Apartments will rehabilitate and convert two historic masonry buildings into 34 market-rate and three income-restricted units.  Combined, the multi-family housing developments will generate more than $25 million in private investments and create 83 new housing units, with 49 of those units income restricted. This MassWorks award builds on prior support for The Lighthouses through the Department of Housing and Community Development’s program to support the production of affordable housing through combinations of subsidies and tax credits, and MassDevelopment’s Brownfields Redevelopment Fund. 

 

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