EGCON COMPANIES NEAR COMPLETION OF 52-UNIT WORKFORCE HOUSING PROJECT IN ROCHESTER, NH

Rendering of The Rapids

EGCON NEAR COMPLETION OF 52-UNIT WORKFORCE HOUSING PROJECT IN ROCHESTER, NH

ROCHESTER, NH – October 6, 2025 – EGCON, a New Hampshire-based Construction Management and Development development firm, announced it is nearing completion of The Rapids on Cocheco, a 52-unit workforce housing community located at 29 Wadleigh Road in Rochester, NH.

Leveraging the federal Low-Income Housing Tax Credit (LIHTC) program’s innovative income-averaging model, The Rapids on Cocheco will provide quality homes for families earning between 20% and 80% of the Area Median Income (AMI).

Designed with both sustainability and livability in mind, the community incorporates Energy Star standards and Passive House concepts, including rooftop solar arrays. Amenities will feature a playground, patio, dog park, picnic area, controlled access, community room, laundry facilities, and complimentary wireless internet.

“The Rapids on Cocheco is another step in our long-term vision to expand access to housing for New Hampshire’s workforce" said EGCON principal Dave Schleyer, "The demand is strong, and our team is ready to begin leasing.”

With a total development cost exceeding $20 million—including construction, land acquisition, financing, and soft costs—this project represents a significant investment in the Rochester community. The development team includes EGCON as lead developer, Burnell Johnson Architects as lead architect, Milestone Construction as general contractor, and Ken Viscarello’s Affordable Housing Group at Sheehan Phinney providing legal counsel.

EGCON will host a ribbon-cutting ceremony on Wednesday, October 15, 2025, at 10:00 a.m. at 29 Wadleigh Road, Rochester, NH. Leasing is expected to begin by the end of September 2025. More information is available at www.therapidscocheco.com.

About Elm Grove Companies

EGCON’s mission is to provide dependable, high-quality Construction Management Services that bring complex residential and mixed-use projects to life. We are dedicated to serving New England with a hands-on, client-focused approach — ensuring every project is delivered on time, on budget, and built to last. By blending technical expertise, collaborative partnerships, and a relentless commitment to safety and sustainability, we create spaces that enhance communities and exceed client expectations. Learn more at www.egconcms.com.