Financing for Seniors with Limited Incomes Will Help Developers Revitalize Senior Housing in New Hampshire

At its recent meeting, New Hampshire Housing Finance Authority’s Board of Directors approved funding for several six projects throughout the state under its Greener Homes Program. The funds will help the buildings’ new owners renovate and upgrade the housing units and, most importantly, keep the units in service as affordable senior housing.

These projects will benefit from funding through New Hampshire Housing Finance Authority’s Greener Homes Program. The program financing will be used to complete energy efficiency upgrades that will make these units more efficient, thus reducing energy consumption and costs. As part of the Greener Homes Program’s requirements, all five facilities will continue to provide nearly 140 units of affordable, energy efficient apartment homes for senior citizens for a minimum of 20 years.

This round of financing through the Greener Homes Program totaled $1.15 Million. All and the the projects approved in this round serve low-income seniors within their communities. They include:

  • Pondview Apartments: Located at 104 Pleasant Street in Conway, Pondview Apartments is comprised of provide 12 one-bedroom affordable apartments within housing units for seniors. The apartments comprise two wood frame buildings that were originally constructed in 1979.
  • Mountainview Apartments: Located at 1 Sunset Place in Center Ossipee, Mountainview Apartments was also constructed in 1979 and features 24 one-bedroom apartments in consist of five wood framebuildings buildings built in 1979 comprising 24 one-bedroom affordable housing units for seniors.
  • Highland House Apartments: Located at 28 Highland Street, in WWhitefield, Highland House Apartments werewas built in 1980 and is comprised ofcomprises 33 one-bedroom and three two-bedroom affordable housing units for seniorsunits.
  • Xavier House Apartments: Located in at 25 Morgan Street, Nashua, Xavier House Apartments are located in a building that was constructed in 1920 and originally used as a school. In 1980 the building was expanded and converted for use as housing. The building contains 30 one-bedroom and four two-bedroom affordable housing units for seniorsapartments.
  • Rush Square Apartments: Located atin 171 Rush Road, Henniker, Rush Square provides 40 one-bedroom affordable housing units for seniorsapartments that were, originally constructed in 1980.

Learn more about how New Hampshire Housing and the Greener Homes Program at www.nhhfa.org.

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