Underwriting and Development Policies

Below is a list of documents related to the submission and review of NH Housing project applications.

• Underwriting Standards and Development Policies for Multifamily Finance(Current, Effective 5/1/2020)
• Underwriting Standards and Development Policies for Multifamily Finance ADDENDUM 1
• Underwriting Standards and Development Policies for Multifamily Finance(Previous, Effective through 4/30/20)
• Market Study Requirements
• Market Study Providers 
• Financing Application 
• Rent Limits 
• Current Utility Allowance  

For projects that require NH Housing environmental review, HUD statutory checklist may be required. 

• Categorically Excluded Not Subject To Statutory Checklist
• Categorically Excluded with HTF Statutory Checklist
• Categorically Excluded Subject To Statutory Checklist
• Environmental Assessment with HTF Statutory Checklist
• Environmental Assessment Statutory Checklist
• Statutory Checklist Procedure

The following documents are used to process requisitions for NH Housing funded projects.  

To help sponsors familiarize themselves with the NH Housing’s payment process, below are links to helpful resources: 

• NH Housing Requisition Narrative 

Below are links to NH Housing’s required requisition documents: 

• NH Housing Budget Template   
• Owner’s Affidavit  
• EFT Enrollment Form 
• Alternative Schedule A to the Mechanics Lien Affidavit of the General Contractor located on page 34 of the Construction Requisition Packet

The following resources are specific to underwriting HOME, HTF, and/or 811 units for NH Housing funded projects.  

• HUD Rent and Income Limits
• HUD Per-Unit Subsidy Limits  
• HUD HTF Information
• Section 811 Information

Rules pertaining to specific New Hampshire Housing financing programs.  

• Qualified Allocation Plan (HFA 109) 
• Construction and Bridge Loan Program Rules (HFA 110)  
• Affordable Housing Fund Rules (HFA113)
• Multifamily Bond Financing Program (HFA 114)
• Design and Construction Rules (HFA 111)  

Term sheets for NH Housing multifamily financing programs.  

Tax Exempt Financing