Notice of Public Hearing with respect to the proposed bond issuance by the Authority
November 8, 2019
Notice is hereby given that a public hearing will be conducted by the New Hampshire Housing Finance Authority (the “Authority”) in the McAllaster Room at the Bedford Public Library, Bedford, New Hampshire from 6:30 PM to 7:30 PM. on November 25, 2019, 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 $18,000,000 (the “Bonds”) (out of a total anticipated project cost of $22,862,000). 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 7.89 acre site of commonly owned land located along Bow Lane (referred to in the Tax Assessor’s office as Tax Map 20, lots 22-14, 99-1, 99-2, 99-3, 99-4) in the Town of Bedford, County of Hillsborough, and State of New Hampshire and the construction, furnishing and equipping on such land of a 93 unit multi-family residential rental housing development (consisting of two 30- unit buildings and one 33-unit building, and with an aggregate square foot building area totaling approximately 90,507 square feet, and with at least 20% of the units (19 of the 93 units) expected to be occupied by tenants having incomes no greater than 50% of area median income). The owner of the Project will be a New Hampshire limited liability company (i) named Bow Lane Bedford, LLC, or Bow Lane Next Gen, LLC or other entity affiliated with Bow Lane Bedford, LLC, and (ii) managed by an affiliate of Anagnost Investments, Inc. the President of which is Dick Anagnost. The Bonds will not be a general obligation of the Authority or a pledge of the faith and credit of the Authority or 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 3:00 p.m. on November 27, 2019.
For more information, or to send comments as outlined above, contact:
Julia A. Morgan
New Hampshire Housing Finance Authority
PO Box 5087
Manchester, NH 03108