InvestNH makes $100 million available to accelerate the approval and construction of affordable workforce housing in New Hampshire. It is a new, one-time flexible resource to benefit small and large projects across the state plus the municipalities in which they will be located.
InvestNH is funded through the Governor’s Office for Emergency Relief and Recovery using the state’s allocation of Fiscal Recovery Funds. The funds are for multifamily rental housing that is affordable to individuals and families at or below 80% of area median income (AMI). Other municipal programs under InvestNH will provide grants to communities that approve these projects, grants to update or review zoning, and dilapidated building demolition grants. More details here:
- Capital Grant Program ($60 million)
For developers and/or owners of multi-family rental housing of three (3) or more units per structure that add housing stock, which will be used for long-term residential rentals only.
- Municipal Grants ($40 million)
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The New Hampshire Department of Business and Economic Affairs will administer the program. For questions, email email@example.com