CDBG Housing Funds: $150,000
Cheshire County requested $150,000 on behalf of Monadnock Family Services and Elm City Housing Cooperative, of which $15,000 was retained by the Keene Housing Authority to cover administrative costs. $450,000 was received from the New Hampshire Housing Finance Authority. Total cost of the project was budgeted at $600,000.
The Cottage Street Apartments were constructed to house families who have been affected by mental illness. Currently, seven people live in the Apartments, which are barrier-free and unique in the Keene area. In fact, the Cottage Street Apartments have become a model project for Monadnock Family Services (MFS). MFS is a leader in promoting cooperatives and has previously presented its employment cooperative concept in countries around the world.
