Building in honor of local leader will offer service-supported housing close to downtown
BEDFORD, N.H. – July 21, 2015 – (RealEstateRama) — A new senior housing development for Rochester will soon be underway. Arthur H. Nickless, Jr. Housing for the Elderly, which is sponsored by 17 Glenwood Ave, LLC and the Rochester Housing Authority, received over $500,000 in federal HOME funding plus Low Income Housing Tax Credits through New Hampshire Housing. Arthur H. Nickless, Jr., who was highly involved in the local community and served on the Rochester Housing Authority Commission for more than 20 years, passed away last December after battling cancer, and the project is named in his honor.
The new housing will be in a residential neighborhood close to downtown. Rochester Housing Authority will offer services and transportation for residents.
“It’s an honor to have worked with such a compassionate man who cared so deeply for his community,” said Stacey Price, Executive Director of the Rochester Housing Authority.
“There was no question after Art’s passing that this project should be named after the man who worked so hard to bring another 24 units of affordable elderly housing to the Rochester area,” said David Lemieux from Glenwood Ave, LLC.
“As New Hampshire’s population continues to age, it is important that there are affordable, service-supported options available to seniors,” said Dean Christon, Executive Director of New Hampshire Housing. “Arthur H. Nickless, Jr. Housing for the Elderly will help fill that housing need, and we’re pleased to provide funding for it.”
HOME funds and Low Income Housing Tax Credits are both federal funding sources that are administered by New Hampshire Housing. Housing tax credits encourage private investment in the development of much needed affordable rental housing. HOME funds are often used to supplement tax credit funding, further assisting in making rental housing financially feasible to build. Together, these two funding sources account for 88% of the project’s total development costs.
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 more than 41,000 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
