Affordable Housing, Multi-Family Housing, Senior Living, Ground Up, LIHTC, Extensive Site Infrastructure, Photovoltaic, Sustainable
Willoughby Corner will serve households earning 60 percent or less of the Area Median Income (AMI) with below-market-rate rental homes and for-sale options for households earning up to 120 percent AMI. For a three-person household, these incomes equate to maximums of $67,000 for rental housing and $135,000 per year for for-sale housing, respectively. BCHA’s affordable homes save residents hundreds of dollars per month in rent and utilities, ensuring income is available for other important needs and making it easier to save money, including for future home purchases. Willoughby Corner will cater to families, individuals, single parents, older adults, people living with disabilities, and more. It will also support Lafayette’s workforce and the businesses that employ them. In addition to the 400 affordable homes built in multiple phases, Willoughby Corner buildings are Net Zero Energy Ready. They will feature solar photovoltaics, geothermal heating and cooling, and electric charging stations, a network of community gardens, pedestrian and bike trails, and access to transit.
With Site Plan approvals, construction on Willoughby Corner’s 55-and-over homes could begin as early as February 2023, with move-ins possible by spring 2024. BCHA could begin taking applications for these homes beginning in fall 2023. Rendering courtesy of Norris Design and HB&A Architects.