Five developments have received low-income housing tax credit reservations from the New Hampshire Housing Finance Authority.
The projects will add more than 240 rental units to the affordable housing stock.
The developments receiving LIHTCs are:
- Mast Landing in Dover will create 32 units of affordable congregate care housing for seniors. The project will be developed by the Housing Initiatives of New England Corp.;
- The Quail Hollow Senior Living Community in Lebanon, which currently has a combination of 170 rental and “for sale” units, will add an additional 62 units of one- and two-bedroom housing. This new phase will also offer supportive services for residents. It will be developed by Quail Hollow Townhomes;
- Townhomes at Whittemore Place in Londonderry will be a two-phase development, with the first phase creating 38 townhouse style units for individuals and families. The site will offer green space, a community room, and a common area for gardening. NeighborWorks Southern New Hampshire will develop the project;
- River's Edge in downtown Laconia will demolish an unused warehouse and replace it with 32 units of one- and two-bedroom apartments. The project will be developed by Laconia Area Community Land Trust; and
- One Meeting Place in Exeter will add 39 units of non-age restricted housing to the existing Meeting Place development, which offers housing for both families and seniors. Berry Park Housing Corp./AVESTA will develop and manage the project.
“LIHTC funding keeps investment dollars in our local communities while strengthening area housing markets,” said Dean Christon, executive director of New Hampshire Housing. “The projects supported by this funding will create jobs, boost public-private partnerships, and ensure that working families and seniors have an affordable place to call home.”