ROCKINGHAM COUNTY, NH
COMMUNITY DEVELOPMENT BLOCK GRANT
The Rockingham County Commissioners will hold two consecutive Public Hearings on January 26, 2023, at 3:00pm at the Maureen Barrows Conference Room, 117 North Road, Brentwood, NH . Community Development Block Grant (CDBG) funds are available to municipalities through the NH Community Development Finance Authority. Up to $500,000 annually is available for Economic Development Projects, up $500,000 for Housing Projects, up to $500,000 for Public Facility Projects, up to $350,000 in Emergency Funds, up to $25,000 per Planning Study grant. All projects must directly benefit a majority of low- and moderate-income persons. The Public Hearings will comment on the following:
- This is a proposed application to the Community Development Finance Authority for up to $500,000 in CDBG Housing Grant Funds. Of the grant funds, up to $25,000 will be retained by the County for administrative/labor compliance costs associated with the project, $475,000 of the funds will be subgranted to The Housing Partnership: A Non-Profit Corporation. The Housing Partnership: A Non-Profit Corporation will then loan the funds to an entity to be formed that The Housing Partnership: A Non-Profit Corporation will hold a controlling interest in and the loan proceeds will be used toward the acquisition and/or construction of Epping Meadows Apartments project located at 35 Exeter Road, Epping, NH, which will be 35-60 units of new, affordable housing. The loan from The Housing Partnership: A Non-Profit Corporation to the entity to be formed that The Housing Partnership: A Non-Profit Corporation will hold a controlling interest in shall be for a term of no less than 30 years with an annual interest of zero percent (0%) and no payments due until the maturity date of the loan all to be evidenced by a promissory note and secured with a subordinate mortgage lien on the property.
- The Anti-displacement and Relocation Assistance Plan.
Provisions for persons with special needs can be made by contacting the Commissioner’s Office via telephone (603-679-9350), or mail, at least five days prior to the public hearing.