NEW HAMPSHIRE PROCESS AND PROJECTS HOUSING TRUST FUND 2016 NEW HAMPSHIRE PROCESS AND PROJECTS

Allocation Plan Development Formula Allocation Phased Planning Process Prioritization Application and Award Processes Approval Process

Award Process LIHTC – Blending of HTF units into 9% projects Special Needs HTF competition - dedicated projects

Parkhurst Place

Parkhurst Place Sources and Uses Amount Uses NHHFA Special Needs/HTF $ 1,350,000 Construction $ 990,000 NHCLF Amortizing Loan $ 725,000 Soft costs including design $ 157,300 Private Donations $ 100,000 Financing costs $ 28,000 Energy efficiency rebates $ 6,500 Third party reports and relocation expenses $ 138,200 Acquisition $ 655,000 Reserves $ 73,000 Developer fee and Consultant fee $ 140,000 Total Development Cost $ 2,181,500 Cost per unit $ 121,194

Boulder Point Veterans Housing

Boulder Point Veterans Housing – Sources and Uses Amount Uses LIHTC Equity $ 2,013,247 Acquisition $ 500,000 NHHFA Special Needs/HTF $ 1,350,000 Construction $ 4,704,771 NHHFA HOME $ 675,000 Architecture and engineering $ 239,880 Private Donations $ 200,000 Interim Costs $ 272,750 CDFA state tax credits $ 560,000 Financing expenses $ 174,009 Developer fee loan $ 384,963 Other Soft Costs $ 97,300 Northern Borders Regional Commission grant $ 250,000 Developer Fee $ 865,000 MVSB Amortizing Loan $ 1,600,000 Reserves $ 179,500   Total Development Cost: $7,033,210 Cost per unit $ 234,440