Third Phase of Meeting Place Housing Development in Exeter Receives Over $1 Million

New Hampshire Housing approves funding for addition of family housing

New Hampshire Housing’s Board of Directors recently approved over $1 million in federal HOME funding for Berry Park Housing Corporation, an affiliated entity of Avesta Housing Development Corporation, to construct a third phase of the Meeting Place housing development in Exeter.

The third phase will add nearly 40 units of affordable family housing to the development. The Meeting Place, which is located off of Route 101, currently has two buildings—one dedicated to senior housing and one dedicated to family housing—that have a combined total of over 50 apartments.

In addition to this latest round of funding, the third phase of the Meeting Place will leverage private investment for affordable housing construction through the sale of federal Housing Tax Credits. The Housing Tax Credit program has a proven track record of creating effective public-private partnerships, boosting economic activity by creating jobs, and reducing the need for direct public subsidies.

“This funding is critical to creating new, affordable homes for New Hampshire families in need,” said Dana Totman, President and CEO of Avesta Housing. “We thank the New Hampshire Housing Finance Authority for its support of this project.”

“The expansion of the Meeting Place will provide important economic opportunities to the Seacoast area,” said Dean Christon, Executive Director of New Hampshire Housing. “Not only will it generate construction jobs and draw private investment into the state, but it will ensure that local families have a place to live that is safe and affordable. Avesta Housing manages the other buildings in the Meeting Place complex, and we’re pleased to partner with them on this latest phase of development.”

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