The Community Development Finance Authority (CDFA) and New Hampshire Housing Finance Authority (NHHFA) are seeking applications for projects from throughout New Hampshire that will provide supportive rental housing to extremely low-income and low-income households, with a priority for persons experiencing homelessness. Approximately $5 million in resources administered by the two organizations will be available in the competitive funding round. The partnership includes New Hampshire Department of Health and Human Services which will work with sponsors to coordinate supportive services for approved projects. Applications will be due Thursday, May 20, 2021.
The funding opportunity works towards immediate goals and strategies outlined by the New Hampshire Council on Housing Stability, which was established by Governor Christopher Sununu with Executive Order 2020-22 on November 18, 2020. In its initial report and action plan delivered in December 2020, the Council identified the need to fund at least 40 units of permanent supportive housing units with coordinated services across the state by January 31, 2021. In addition, the Council recognized the need to incentivize partnerships between housing developers and service providers to increase all housing across all of New Hampshire, including supportive housing opportunities. The Council brings together a broad base of diverse stakeholders for the purposes of developing and implementing a plan to create housing stability for all citizens of the State of New Hampshire.
“We are excited to collaborate with New Hampshire Housing and the Department of Health and Human Services to provide housing stability and support services to those in our communities who need it most,” stated Katy Easterly Martey, Executive Director, CDFA. “Building on the momentum of the initial report and action plan delivered by the Council of Housing Stability, we were able to take immediate action in an effort to advance our collective goals.”
Eligible uses for this financing include acquisition, rehabilitation, new construction, soft costs including initial operating costs or conversion of existing housing into affordable permanent housing. Additional information – including how to register for a virtual informational meeting on Tuesday, March 2, 2021 – can be found here: https://www.nhhfa.org/nofa-multi-unit-supportive-housing-pbv/.
About the Community Development Finance Authority
The Community Development Finance Authority (CDFA) is a statewide nonprofit public authority focused on maximizing the value and impact of community development, economic development and clean energy initiatives throughout New Hampshire. The organization leverages a variety of financial and technical resources, including the competitive deployment of grant, loan and equity programs. Those resources include New Hampshire state tax credits, federal Community Development Block Grant resources and the CDFA Clean Energy Fund. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.