Salem’s Point Neighborhood has been our focus for over 40 years. North Shore CDC maintains nearly 200 units of affordable, rental apartments within the 144 acre neighborhood.
The Point is 63% non-white, consisting of mostly Latino immigrants and first-generation Americans
The Point is distinguished from surrounding neighborhoods by its density, lack of green space, high proportion of multi-family housing and high concentration of immigrants.
Peabody’s downtown was adopted by North Shore CDC in 2012, beginning with programming in 2012 and working towards multiple real estate developments in the near future.
Peabody became a gateway city in early 2013 and its entire downtown is designated as a ‘Difficult to Develop Area’
The City of Peabody’s housing production plan supports the increase of the number of affordable housing units, currently at 9.1%, they are 115 units below the city minimum in order for the City not to be subject to Chapter 40B permitting laws.
Beverly’s Gloucester Crossing neighborhood received nearly $20 million of leveraged funding and housing that has dramatically changed the landscape of the neighborhood, previously suffering from economic decline and escalating crime rates.
The Gloucester Crossing neighborhood remains below the poverty line and the lowest income neighborhood in the city
Today, the community is at a critical point of transition as it is left to manage the dramatic changes that have begun a process of reducing crime and building neighborhood stability.