To Our New Hampshire Housing Community,
Daily, regardless of where our office space is, we focus on the housing needs of New Hampshire, from helping families buy a home, financing multi-family apartment developments, assisting people find safe and affordable housing, and analyzing and identifying the state's housing needs and ways to address them.
As expected, the coronavirus has triggered a significant increase in unemployment and requests for mortgage forbearances. Federal stimulus money, as well as the additional weekly CARES Act unemployment benefits, are helping businesses and families. Still, many will have difficulty in making rent and mortgage payments, and will face greater difficulty when the state eviction and foreclosure moratorium ends.
The staff of New Hampshire Housing will continue to serve and support communities, partners, renters and homeowners to weather this crisis. We are working with the Governor’s Office for Emergency Relief and Recovery, the legislature and organizations around the state to find solutions for keeping our state’s residents safe and in their homes.
The New Hampshire Housing Team
|
|
When You're Ready, We'll Be Here
|
The coronavirus has shifted or paused the plans of many would-be New Hampshire homebuyers. We want you to know that when you're ready to buy a home, we'll be here. Our unique services, such as
downpayment assistance
and the
Homebuyer Tax Credit
program, continue to be available to borrowers.
|
GoNHHousing.com
, the Homeownership Division's website, has details about all of our homeownership programs, and a list of lender partners.
Please share this enews with your colleagues, who can
sign up here
to receive timely information for lenders, real estate professionals, buyers and others.
|
|
CARES
Act Mortgage Forbearance:
What You Need to Know
|
Mortgage Hardship Assistance
If your mortgage is with New Hampshire Housing or DMI, we are here to help. Whether you are looking for a way to make your payments easier each month or you have fallen behind, there are options.
The most important step is to
contact us
. Even if you have not fallen behind on your payments, but are facing financial difficulties, it is never too early to reach out.
|
|
In early March, we published our first
Housing Market Report
of the year. It has become a
“before” baseline of the state’s housing market to whatever the “afters” are from the startling impact of the COVID-19 crisis. Recognizing the accelerated pace of housing market changes and the need for timely insight, we now are publishing a
Housing Market SNAPSHOT
every two months.
|
Residential Rental Cost Survey
If you own or manage one or more units of market-rate rental housing, please take our brief, confidential survey by May 19.
We compile the results to track rental housing costs, supply and demand.
Contact us to take the survey
and be entered to win a $100 gift card.
We expect to publish the
2020 NH Residential Rental Cost Survey Report
in June.
|
|
Watch Sarah's
presentation
on housing issues and community engagement as she outlines ways to effectively present public policy issues.
Will Stewart
, director of
Stay Work Play NH
, will speak at the May event about making the state a more desirable home for young people.
|
|
New Supportive Housing for Women
Opens in Laconia
Compass House, which opened in March, provides a congregate living environment for up to eight women who have completed a residential treatment program for substance use disorder. They receive on-site recovery coaching.
Compass House was
financed through the state’s Affordable Housing Fund, a flexible revolving loan program that can be used for diverse needs such as transitional housing for people in recovery from substance use disorder or those experiencing a mental illness. Compass House
was developed through a partnership among Lakes Region Community Developers, Horizons Counseling Center, and Navigating Recovery of the Lakes Region.
The purchase of furnishings and decor for Compass House was supported by
Belknap Mill Quilters’ Guild, The New Hampshire Women’s Foundation, Annette P. Schmitt Trust, New Hampshire Charitable Foundation, Eversource, and DCI Furniture of Lisbon, NH.
|
|
2021 Low Income Housing Tax Credit Round Review
We are making changes to the
preliminary application review process
for the upcoming Low-Income Housing Tax Credit Program round. This will provide developers with a more comprehensive review response at the preliminary stage.
The review process will include feedback on threshold criteria and underwriting requirements, and will incorporate project-specific scoring information. Updates on
the LIHTC round will be emailed and
posted on website
soon.
(Photo: Abenaki Springs, Walpole)
|
Impact of Multi-Family Development
|
Lead abatement projects now underway will be completed while ensuring the safety of tenants, owners and contractors. Program risk assessments and contract bidding are temporarily suspended.
Learn more
.
|
|
Our Asset Management group oversees two types of publicly financed rental properties to ensure quality administration and maintenance of properties that house low- moderate-income, and extremely low-income, households.
We oversee the administration of 148 properties (5,799 units) that receive direct project-based rental assistance from the U.S. Department of Housing and Urban Development.
COVID-19 Updates
|
|
Apple Ridge Apartments in Rochester
, which
leased up in January, has 18 one-bedroom and 16 two-bedroom apartments available to households with incomes at or below 60% of the area median income. McIntosh Development financed the units with LIHTC and an Affordable Housing Fund loan insured by HUD.
Interested in renting an apartment there?
Contact
the Hodges Companies.
|
|
Thank you to Tom and the 1,800 owners and landlords
around the state who participate in the
Housing Choice Voucher Program
.
It’s because of our partnerships with them that over 7,000 people have a warm and safe home to live in.
Learn more
about how to become a property manager and rent to Housing Choice Voucher program participants.
|
|
Assisted Housing Division
Our staff respond to requests for housing assistance, primarily through the Housing Choice Voucher and other programs we administer. With the COVID-19 crisis, staff are working with both participants and property owners regarding changes in income and subsidy concerns. We also make referrals for emergency assistance.
|
Property Owners & the Section 811 Program
The Section 811 Project Rental Assistance
program provides rental assistance for extremely low-income persons with disabilities along with long-term services. Properties developed with federal, state or local funds may be eligible to house Section 811 tenants.
Contact
the NH Bureau of Mental Health Services for details.
|
|
New Hampshire Housing Finance Authority
| P.O. Box 5087, Manchester, NH 03108
|
|
About New Hampshire Housing:
As a self-supporting public corporation, New Hampshire Housing Finance Authority promotes, finances and supports affordable housing. NHHFA operates a number of rental and homeownership programs designed to assist low- and moderate-income persons with obtaining affordable housing. Since its inception, NHHFA has helped more than 50,000 families purchase their own homes and has been instrumental in financing the creation of 15,000 multi-family housing units.
|
|
|
|
|
|
|
