Public Notice: TEFRA Woodland Village Phase II

July 10, 2024

Notice is hereby given that on July 19, 2024 at 1:00 PM New Hampshire Housing Finance Authority (NH Housing) will hold a public hearing at its offices at 32 Constitution Drive, Bedford, NH. The hearing is with respect to the proposed issuance by NH Housing, acting under and pursuant to New Hampshire Revised Statutes Annotated Chapter 204-C (the “Act”), of obligations in the maximum aggregate principal amount of $4,000,000 (the “Bonds”) (out of a total anticipated project cost of approximately $15,500,000.00). The Bonds are proposed to be issued to provide financing as permitted under the Act to fund additional project costs for the following multi-family housing project currently being financed in part by tax-exempt bond proceeds (the “Project”): the acquisition of a portion of a 37.11 acre site located at Bog Road (referred to in the Tax Assessor’s office as Map 4 Lot 87-6) in the Town of Goffstown, County of Hillsborough , and State of New Hampshire (such 37.11 acre site constituting the “Overall Site”), and the construction, furnishing and equipping on such portion of a 32-unit multi-family residential rental housing development consisting of six buildings that will have an aggregate square foot building area totaling approximately 30,856 square feet, and with all or substantially all of the units expected to be occupied by tenants having incomes no greater than 60% of area median income. The Overall Site will be divided into two phases. Phase I will be Buildings A – G, inclusive, and Phase II will be buildings H – M, inclusive. All of the land will be owned in common by the unit owners.

The owner of the Project (located on the Phase 2 Portion) will be WV2 Owner, LLC, a New Hampshire limited liability company, the managing member of which will be selected by Boston Financial Investment Management, LP (“BFIM”), Boston Financial Institutional Tax Credits 55 Limited Partnership (“55 LP”), or by an affiliate or designee of BFIM or 55 LP. The owner of the Phase 1 Portion, on which a 42-unit multi-family residential rental housing development not financed with any tax-exempt bond proceeds will be constructed, will be an affiliate of the owner of the Project. The Bonds will be a general obligation of NH Housing, 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, or to send comments as outlined above, contact:

Nate Robinson, Director, Multifamily Development and Finance
New Hampshire Housing Finance Authority
32 Constitution Drive
Bedford, NH 03110
Phone: 603-310-9366
Fax: 603-310-9366

Executive Director