The site is within walking distance of shops, restaurants, a medical facility, and downtown. New development will feature energy-efficient modular construction with ADA accessible units and two community rooms. (Adaptive reuse repurposes buildings - from schools, stores,Ĭommercial buildings, churches, etc. Other funding sources that New Hampshire Housing administers for the construction and preservation of affordable multi-family housing include the federal HOME program and Housing Trust Fund, the state Affordable Housing Fund, and tax-exempt bond financing. Over 25 years, LIHTC financing has added nearly $1 billion of investment in New Hampshire. This federal program is an important public/private financing tool that encourages developers and investors to create affordable multi-family housing for low- and moderate-income families by using tax credits to leverage private equity investment in these properties. LIHTC-funded housing accounts for about 95% of publicly funded workforce housing produced in New Hampshire. Our programs address affordable and workforce housing needs, as well as supportive housing for vulnerable and underserved populations including veterans, persons with substance use disorders, the formerly incarcerated, and individuals with intellectual and developmental disabilities. New Hampshire Housing manages the financing of new multi-family rental unit construction, and refinances and recapitalizes existing properties to preserve affordable housing units in the state.
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New Hampshire Housing anticipates approving LIHTC allocations for additional developments later this year. The allocation of Low-Income Housing Tax Credits (LIHTC) and other federal and state funding to these projects will produce new affordable rental housing in Concord, Newport, and Rochester.
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These 83 new units will help meet the critical need for affordable rental housing for our state’s workforce and other residents. (Bedford, November 3, 2021) – Funding for three affordable multi-family housing developments was approved by the New Hampshire Housing Board of Directors at its October meeting. New Hampshire Housing Finance Authority in Bedford