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X-WR-CALDESC:Events for Rockingham County, NH
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DTSTART;TZID=America/New_York:20230126T150000
DTEND;TZID=America/New_York:20230126T153000
DTSTAMP:20230119T172045Z
CREATED:20230111T204754Z
LAST-MODIFIED:20230119T172045Z
UID:7668-1674745200-1674747000@rockinghamcountynh.org
SUMMARY:Board of Commissioners' Public Hearing
DESCRIPTION:ROCKINGHAM COUNTY\, NH\nCOMMUNITY DEVELOPMENT BLOCK GRANT\nPUBLIC HEARINGS \nThe 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: \n\nThis 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.\nThe Anti-displacement and Relocation Assistance Plan.\n\nProvisions 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.
URL:https://rockinghamcountynh.org/event/board-of-commissioners-public-hearing-3/
LOCATION:Maureen Barrows Conference Room\, 117 North Road\, Brentwood\, NH\, 03833\, United States
CATEGORIES:Public Hearing
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