GILFORD — Applications are now being accepted for Gilford Village Knolls III, located at 43 Potter Hill Road in Gilford, which is nearing completion and will provide 24 brand new apartments available for those age 62 and over.

Owned and developed by Gilford Village Knolls Inc. and Lakes Region Community Developers and managed by Stewart Property Management, the new complex has the distinction of being the state’s first affordable multifamily complex to meet the passive house performance standard. A 344-panel solar array has been installed that is expected to generate 109,700 kilowatt hours of solar power each year, which will result in a cost savings of over $600,000.

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