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Public Hearing Regarding The Issuance of Tax-Exempt Bonds for Depot & Main 4% LLC Project
January 4, 2022
Notice is hereby given that a public hearing will be conducted by New Hampshire Housing Finance Authority in the Media Center of Salem High School, 44 Geremonty Drive, Salem, New Hampshire 03079 from 6:30 PM to 7:00 PM on Wednesday, January 19, 2022 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 $15,000,000 (the “Bonds”) (out of a total anticipated project cost of approximately $19,990,000). 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 2.20 acre parcel of land located at 55 Main Street (referred to in the Tax Assessor’s office as Tax Map 89, Lot 1147) in the Town of Salem, County of Rockingham, and State of New Hampshire and the construction, furnishing and equipping on such land of a 74 unit multi-family residential rental housing development (consisting of a single, three story apartment building with an aggregate square foot building area totaling approximately 69,720 square feet, and with all 74 units expected to be occupied by tenants having incomes no greater than 60% of area median income). The owner of the Project will be Depot & Main 4% LLC, a New Hampshire limited liability company whose managing member is 10th EG Holding 4% LLC. The Bonds will not be a general obligation of New Hampshire Housing Finance Authority or a pledge of the faith and credit of New Hampshire Housing Finance 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 4:30 p.m. on January 21, 2022.
For more information, or to send comments as outlined above, contact:
Jim Menihane, Director, MF Originations & Business Development
New Hampshire Housing Finance Authority | 32 Constitution Drive, Bedford, NH 03110
603-310-9273 (Phone) | 603-310-9273 (Fax)