Public Notice: TEFRA Rapids on Cocheco

June 3, 2024

Notice is hereby given that a public hearing will be conducted by New Hampshire Housing Finance Authority in the Community Room at 77 Old Farm Lane, Rochester, NH 03867  from 6:00 PM to 6:45 PM on Thursday, June 20th, 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 $11,500,000 (the “Bonds”) (out of a total anticipated project cost of approximately $21,000,000). 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 an 8.4 acre site of land located at 29 Wadleigh Road in the City of Rochester, County of Strafford, and State of New Hampshire and the construction, furnishing and equipping on such land of a 52 unit multi-family residential rental housing development (consisting of one  building with an aggregate square foot building area totaling approximately 49,680 square feet, and with all 52 units expected to be occupied by tenants having incomes no greater than 60% of area median income). The owner of the Project will be Cocheco Rapids LLC, a New Hampshire limited liability company, the general partner of which will be 13th EG Holding 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 June 24th, 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
P.O. Box 5087
Bedford, NH 03110
603-310-9280 (Phone)
603-471-1043 (Fax)

Executive Director