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NEW HAMPSHIRE HOUSING APPROVES $1.15 MILLION IN FINANCING FOR PROJECTS THAT SERVE SENIORS WITH LIMITED INCOMES

NEW HAMPSHIRE HOUSING APPROVES $1.15 MILLION IN FINANCING FOR PROJECTS THAT SERVE SENIORS WITH LIMITED INCOMES

Financing through Greener Homes Program will help developers renovate and revitalize senior housing units in five New Hampshire communities.

BEDFORD, N.H. – May 28, 2012 – (RealEstateRama) — At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved funding for six projects throughout the state under its Greener Homes Program. The funds will help the buildings’ owners renovate and upgrade the housing units and, most importantly, keep the units in service as affordable senior housing.

This round of financing through the Greener Homes Program totaled $1.15 Million. All projects approved in this round serve low-income seniors within their communities. They include:

Pondview Apartments: Located in Conway, Pondview is comprised of 12 one-bedroom apartments within two buildings that were originally constructed in 1979.
Mountainview Apartments: Located in Center Ossipee, Mountainiew was also constructed in 1979 and features 24 one-bedroom apartments in five buildings.
Highland House Apartments: Located in Whitefield, Highland House was built in 1980 and is comprised of 33 one-bedroom and three two-bedroom units.
Xavier House Apartments: Located in Nashua, Xavier House Apartments are located in a building that was constructed in 1920 and originally used as a school. In 1980 the building was expanded and converted for use as housing. The building contains 30 one-bedroom and four two-bedroom apartments.
Rush Square Apartments: Located in Henniker, Rush Square provides 40 one-bedroom apartments that were originally constructed in 1980.

“We are pleased to offer this financing through the Greener Homes Program,” said Dean Christon, New Hampshire Housing’s Executive Director. “These apartment buildings have served our state well by providing affordable housing to our state’s seniors for more than 30 years. With the investment in these energy upgrades and renovations, the buildings will be more efficient and cost-effective, and will continue to serve residents for many more years.”

These projects will benefit from funding through New Hampshire Housing Finance Authority’s Greener Homes Program. The program financing will be used to complete energy efficiency upgrades that will make these units more efficient, thus reducing energy consumption and costs. As part of the Greener Homes Program’s requirements, all five facilities will continue to provide nearly 140 units of affordable, energy efficient apartment homes for senior citizens for a minimum of 20 years.

For more information about New Hampshire Housing and the Greener Homes Program, please visit www.nhhfa.org.

About New Hampshire Housing Finance Authority: New Hampshire Housing is a self-supporting, public benefit corporation that operates a number of programs designed to assist low- and moderate-income persons with obtaining housing. Since its inception, New Hampshire Housing has helped more than 38,500 families purchase their own homes and has been instrumental in financing the creation of more than 14,000 multi-family housing units. More information about its programs can be found on the agency’s website at www.nhhfa.org.

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

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