(Concord, NH) The NH Community Development Finance Authority (CDFA) has approved Community Development Block Grant awards to five New Hampshire municipalities and counties totaling $1.89 million. The funds will go toward projects developing affordable housing and upgrading failing infrastructure which benefit low- and moderate-income residents in the Granite State.
“All of these projects have demonstrated they will positively impact the lives of children, families, and seniors throughout New Hampshire,” said CDFA Communications Director Kevin Flynn. “These federal grants will benefit 283 residents, 77% of whom are of low-to-moderate income.”
These are the projects approved by CDFA’s Community Development Advisory Board:
- For Grafton County, on behalf of Twin Pines Housing Trust, to acquire land for phase II of Gile Hill Apartments. This housing grant of $300,000 will help create an additional 15 units of low-cost, energy efficient apartments at the 120 unit development in Hanover. The completed construction cost is estimated at $3.6 million.
- A housing grant for $462,300 to the town of Conway to acquire land for the Conway Pines Elderly Housing Project. The proposed facility on Poliquin Drive will create 30 units of low-cost senior housing. The total price tag of the project is estimated at $5.2 million.
- A housing grant for the city of Claremont of $300,000 to replace the water system at the Pleasant Valley Estates Cooperative. The manufactured housing community’s infrastructure is tied into the municipal service’s, but its 50-year-old pipes have experienced 12 leaks in the past 18 months and sediment has been getting into the drinking water. Repair work, expected to total $459,000, will replace the water main and service lines, add gate valves to mitigate leakage, and install two fire hydrants.
- To the city of Concord, a $345,000 housing grant on behalf of Independent Living Concord to develop 14 units of supportive housing on North Main Street for adults with developmental disabilities. The plan calls for ILC to partner with CATCH Neighborhood Housing Services and convert the vacant building. The estimated cost of the project is $2.2 million.
- A public facilities grant of $500,000 to the town of Allenstown in order to construct a new Suncook Boys & Girls Club. The facility is in one of five communities serviced by the Boys & Girls Club of Greater Concord. The project will build a new clubhouse at their current location in Whitten Street Park, which will double the number of children served in the community. In July, CDFA awarded $700,000 in Investment Tax Credits toward the $1.6 million initiative.
“Without these CDBG grants, as well as other sources of public and private financing, projects like these that improve quality-of-life could not get off the ground,” said Flynn.
The grants await final approval from the Executive Council.
CDBG program funds provide housing and create jobs primarily for low- and moderate-income people. Funds are provided to the state of New Hampshire by the US Department of Housing and Urban Development, and administered by CDFA. Each project is evaluated on several criteria, including impact on low- and moderate-income residents and the acquisition of matching funding.
CDFA supports the development of vibrant and resilient communities by providing resources for community development efforts. CDFA, created by the Legislature in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers nearly $20 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant, Neighborhood Stabilization, and Energy Reduction Funds. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
The Credit Committee will meet Tuesday
The Community Development Advisory Committee will meet Thursday
The CDFA Board of Directors will meet Tuesday
The Executive Committee will meet Tuesday
The Credit Committee will meet Tuesday