NEW HAMPSHIRE HOUSING APPROVES $1 MILLION FOR MARLBOROUGH HOUSING DEVELOPMENT

Funding will be used to turn former school into affordable apartments for seniors

BEDFORD, N.H. – April 8, 2013 – (RealEstateRama) — New Hampshire Housing’s Board of Directors recently approved $1 million in federal funding from the HOME Investment Partnerships Program for Marlborough Homes, an effort that will re-purpose the former Marlborough Elementary School into affordable apartments for seniors.

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The new housing development will offer resident services provided by its sponsor, Southwestern Community Services, Inc. In addition, residents will have access to homemaking and support services thanks to an agreement between Southwestern Community Services and Home Health Care Hospice and Community Services. The building’s central location means seniors will have easy access to local services and Marlborough’s Main Street businesses.

“SCS and its development team are very pleased to have received HOME funds for the Marlborough Homes development,” said Keith Thibault, Chief Development Officer at SCS. “This community and surrounding neighborhoods will benefit greatly from the re-development of this former elementary school. Marlborough Homes is an excellent community development effort due to strong local partnerships and effective collaboration.”

“Marlborough Homes is a project that revitalizes a community resource while meeting the needs of area seniors,” said Dean Christon, Executive Director of New Hampshire Housing. “By supporting this project, we hope to provide a way for seniors to live affordably within an area that keeps them connected to important resources.”

Southwestern Community Services’ mission is to empower low-income people and families while providing leadership and collaboration within its local communities. SCS assists tens of thousands of low to moderate income households each year while remaining an economic force in the region. More information can be found at SCS’ website www.scshelps.org.

About New Hampshire Housing Finance Authority: New Hampshire Housing Finance Authority is a self-supporting public benefit corporation. The Authority operates a number of rental and homeownership programs designed to assist low- and moderate-income persons with obtaining affordable housing. Since its inception, New Hampshire Housing has helped nearly 40,000 families purchase their own homes and has been instrumental in financing the creation of more than 14,500 multi-family housing units. More information about its programs can be found on the agency’s websites at www.nhhfa.org and www.GoNewHampshireHousing.com.

Contact:
Jane Law
Phone: (603) 310-9255

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