Public Notice: TEFRA Avery Lane Phase II

June 3, 2024

Notice is hereby given that a public hearing will be conducted by New Hampshire Housing Finance Authority in the Nashua Regional Planning Commission, 30 Temple Street, Suite 310, Nashua, New Hampshire 03060 from 5:00 PM to 5:30 PM on Tuesday, June 18th, 2024 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 $13,500,000 (the “Bonds”) (out of a total anticipated project cost of approximately $22,000,000). 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 2.17 acre site of land located at 175 and 177 East Hollis Street and 50 Crown Street in the City of Nashua, County of Hillsborough, and State of New Hampshire and the construction, furnishing and equipping on such land of a 63 unit multi-family residential rental housing development (consisting of one  building with an aggregate square foot building area totaling approximately 62,000 square feet, and with at least 40% of the units expected to be occupied by tenants having incomes no greater than 60% of the area median income. The owner of the Project will be Avery Lane Four LLC, a New Hampshire limited liability company, the general partner of which will be Avery Lane Four Manager 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 Thursday, June 20th, 2024.

For more information, or to send comments as outlined above, contact:

Tom Krebs, Program Manager, Multi-family Underwriting
New Hampshire Housing Finance Authority
32 Constitution Drive
PO Box 5087
Bedford, NH 03110
603-310-9280 (Phone)
603-471-1043 (Fax)

Executive Director