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In an effort to promote the construction of affordable single family home ownership units in the state, New Hampshire Housing created the New Production Initiative. This Initiative is intended to enable developers to build affordable housing that complies with targeting requirements such as those which may be placed on projects by municipalities.
This initiative is intended to help buyers access newly constructed affordable housing.
To finance the selected development initiatives under this program, New Hampshire Housing has committed funds for subsidies to qualified home buyers purchasing within the approved projects. Up to $20,000 per qualified buyer will be available for down payment/closing costs associated with the purchase when it is combined with a New Hampshire Housing first mortgage. Home buyers must meet all requirements of the Single Family Mortgage Program.
As part of this Initiative, New Hampshire Housing will provide first mortgages to qualified buyers and a deferred payment second mortgage of up to $20,000.
Developments receiving subsidy awards
