Six multifamily projects OKd for LIHTC, other funding

341 units approved in Concord, Hillsborough, Nashua and Rochester

January 13, 2023

NH Business Review Staff,

Multifamily Housing Stock

Financing for six multifamily housing developments in Concord, Hillsborough, Nashua and Rochester with a total of 341 units was approved in December by New Hampshire Housing. They are being funded through the allocation of Low-Income Housing Tax Credits, along with other federal and state funding.

The projects are: Pembroke Road Apartments (developed by Tamposi Brothers Holdings LLC/Brookline Opportunities LLC) and Sheep Davis Road (developed by CATCH Neighborhood Housing), both in Concord; Hillsborough Heights (developed by Avanru Development Group) in the town of Hillsborough; The Apartments at 249 Main Street-Phase I (developed by NeighborWorks Southern New Hampshire) and Coliseum Seniors Residence III (developed by Housing Initiatives of New England Corp.), both in Nashua; and Apple Ridge Apartments Phase III (developed by McIntosh Development LLC), Rochester.

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