Notice of Public Hearing Regarding the Issuance of Tax-Exempt Bonds for Avesta Central and Crowley Project
July 6, 2021
Notice is hereby given that on Monday, July 19, 2021 at 4:00 pm New Hampshire Housing Finance Authority (the “Authority”) will hold a public hearing at its offices at 32 Constitution Drive, Bedford, New Hampshire with respect to the proposed issuance by the 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 $2,300,000 (the “Bonds”) (out of a total anticipated project cost of $3,226,000). The Bonds are proposed to be issued to provide financing as permitted under the Act for the following multi-family scattered site housing project (the “Project”): the acquisition of two existing multi-family residential rental housing developments containing a total of twenty-one units in two buildings (with the aggregate square feet of both buildings being 18,060 square feet), including eleven units contained in one 10,635 square foot building located on a .250 acre site at 13 Central Street (referred to in the Tax Assessor’s office as Map U05 Lot 173) in the Town of Farmington, County of Strafford, State of New Hampshire and ten units contained in one 7,425 square foot building located on a .290 acre site at 11 Crowley Street (referred to in the Tax Assessor’s office as Map U06 Lot 3) in the Town of Farmington, County of Strafford, State of New Hampshire and rehabilitation of the sites, structures and mechanical systems. Fourteen of the units are expected to be occupied by tenants having incomes no greater than 50% of area median income and seven of the 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 Avesta Central and Crowley LP, a New Hampshire limited partnership, the general partner of which will be Pinecone Housing Corporation. The Bonds will be a general obligation of the Authority, but will not be 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 prior to and 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 the second business day following the hearing.
For more information, contact:
Jim Menihane, Director, MF Originations & Business Development
New Hampshire Housing Finance Authority
32 Constitution Drive
Bedford, NH 03110