Notice of Public Hearing for Woolen Mill
June 8, 2023
Notice is hereby given that a public hearing will be conducted by New Hampshire Housing Finance Authority in the Ballroom of the Richards Free Library, 58 North Main Street, Newport, NH from 6:00 to 6:45 PM (or longer if necessary to accommodate attendee’s questions or comments) on June 20, 2023 with respect to the proposed issuance by New Hampshire Housing Finance Authority, acting under and pursuant to New Hampshire Revised Statutes Annotated Chapter 204-C (the “Act”), of obligations in the maximum aggregate principal amount of $17,500,000 (the “Bonds”) (out of a total anticipated project cost of approximately $28,175,000). The Bonds are proposed to be issued to provide financing as permitted under the Act for the following multi-family housing project (the “Project”): the acquisition of a 9-acre site of land and the building thereon with an aggregate square foot building area totaling approximately 88,500 square feet located at 169 Sunapee Street (referred to in the Tax Assessor’s office as Tax Map 112, Lot 32) in the Town of Newport, County of Sullivan, and State of New Hampshire (with approximately 14,500 square feet consisting of annex, office, tunnel and miscellaneous space) and the construction (including rehabilitation), furnishing and equipping within the existing building of 70 units of multi-family residential rental housing. All 70 residential units are expected to be occupied by tenants having incomes no greater than 60% of area median income. The owner of the Project will be DRSWM Limited Partnership, a New Hampshire limited partnership, the general partner of which will be DRSWM GP LLC. The Bonds will not be a general obligation of New Hampshire Housing Finance Authority nor a debt, liability, obligation or pledge of the faith and credit of the State of New Hampshire or any political subdivision thereof.
Written comments will be accepted for two business days following the public hearing, and must be received by email, fax, or physical delivery no later than 4:30 p.m. on June 22, 2023.
For more information, or to send comments as outlined above, contact:
James Menihane, Director, Multi-family Origination and Business Development
New Hampshire Housing Finance Authority
32 Constitution Drive
Bedford, NH 03110