InvestNH was funded through the State’s allocation of American Rescue Plan Act (ARPA) State and Local Fiscal Recovery Funds (SLFRF). $100 million was awarded to accelerate the approval and construction of affordable workforce housing in New Hampshire. Awards were made to developers and municipalities to support multifamily rental housing for individuals and families at or below 80% of area median income (AMI).
Over 4,657 housing units to date have been impacted through the InvestNH 1.0 funds across the state.
InvestNH 1.0 included several programs to increase housing availability, support local communities, and foster economic growth:
- Capital Grant Program: Provided direct funding to developers to support the construction of multifamily rental housing.
- Demolition Program: Assisted communities in removing dilapidated or obsolete structures to make way for new housing development.
- Municipal Per Unit (MPU) Program: Offered municipalities grants based on the number of new housing units approved to encourage local support for development.
- Housing Opportunity Planning (HOP) Grant Program: Provided planning and technical assistance grants to municipalities to update zoning and regulatory policies that facilitate housing growth.