Public Notice: TEFRA Rail Yard

February 7, 2025

Notice is hereby given that on February 18, 2025, at 1:00 PM New Hampshire Housing Finance Authority (NH Housing) will hold a public hearing at its offices at 32 Constitution Drive, Bedford, NH.  The hearing is with respect to the proposed issuance by NH Housing, acting under and pursuant to New Hampshire Revised Statutes Annotated Chapter 204-C (the “Act”), of obligations in the maximum aggregate principal amount of $1,700,000 (the “Bonds”) (out of a total anticipated project cost of approximately $28,500,000.00). The Bonds are proposed to be issued to provide financing as permitted under the Act to fund additional project costs for the following multi-family housing project currently being financed in part by tax-exempt bond proceeds (the “Project”): the acquisition of an approximately 7.5 acre portion on a 14.58 acre portion of an approximately 36 acre mixed use condominium located at 10 Langdon Avenue in the City of Concord, County of Merrimack, and State of New Hampshire (such 36 acre site constituting the “Overall Site”), and the construction, furnishing and equipping on such 7.5 acre portion of a 96-unit multi-family residential rental housing development consisting of four buildings that will have an aggregate square foot building area totaling approximately 88,775 square feet, and with all or substantially all of the units expected to be occupied by tenants having incomes no greater than 60% of area median income and five of the apartment units having a preference for homeless families whose incomes do not exceed 30% of the area median income. The Project will be located on a condominium land unit comprising approximately 14.58 acres of the Overall Site (said condominium land unit constituting the “Relevant Unit”), which Relevant Unit will be further divided into seven sub-units for residential development. Four sub-units of the Relevant Land Unit, consisting of approximately 7.5 acres, will be occupied by the Project, with three sub-units of the Relevant Land Unit expected to be occupied in the future by additional multi-family residential housing that is not part of the Project. The Project will consist of three, three-story residential buildings, one of 12 apartment units, one of 36 apartment units and one of 48 apartment units, plus a 2,500 square foot clubhouse for the use of residents of the project. The owner of the Project (with a tenants-in-common interest in the land included in the Relevant Land Unit) will be RY Owner, LLC, a New Hampshire limited liability company, the managing member of which will be selected by Stratford Capital Group.  The Bonds will be a general obligation of NH Housing, but will not be a debt, liability, obligation or pledge of the faith and credit of the State of New Hampshire or any political subdivision thereof.

Written comments will be accepted prior to and for two business days following the public hearing, and must be received by email, fax, or physical delivery no later than 4:30 p.m. on the second business day following the hearing. 

For more information, or to send comments as outlined above, contact:

Tom Krebs, Program Manager, Multifamily Underwriting 
New Hampshire Housing
32 Constitution Drive  
Bedford, NH 03110
Phone:  603-310-9280
Fax:  603-310-9280
tkrebs@nhhfa.org

ROBERT DAPICE
Executive Director