Public hearings on the McIntosh West Apartments on June 17

posted on 6/11/2024

The New Hampshire Housing Finance Authority (NHHFA) has announced that two public hearings will be held on Monday, June 17 at the Dover City Hall Auditorium regarding financing the McIntosh West Apartments project. 

The first public hearing will be from 7 to 7:30 p.m. on the proposal for the New Hampshire Housing Financing Authority (NHHFA) to finance the McIntosh West Apartments project using up to $6,200,000 in Affordable Housing Fund monies as part of the financing; however, the amount approved may be increased or decreased at the discretion of New Hampshire Housing Finance Authority. The proposed $32,000,000 project will be located at 23 Cataract Ave., Dover, NH.  The project will create 78 apartments of general occupancy, affordable housing. 

The second public hearing will be from 7:30 to 8 p.m. on the proposal for the NHRA to issue bonds of up to $18,400,000 (out of a total anticipated project cost of approximately $32,000,000). The bonds are proposed to be issued to finance the McIntosh multi-family housing project, including the acquisition of a 2.63-acre parcel of land known as Condominium Lot B located at 23 Cataract Ave. and 61 Rutland St. (referred to as Map 13 Lots 23 & 24) in the City of Dover, and the construction, furnishing and equipping on such land of a 78-unit multi-family rental housing development (consisting of two 39-unit buildings with an aggregate gross square foot building area totaling approximately 92,560 square feet, and with all 78 units expected to be occupied by tenants having incomes no greater than 60% of area median income).

The bonds will not be a general obligation of New Hampshire Housing Finance Authority or a pledge of the faith and credit of New Hampshire Housing Finance Authority or a debt, liability, obligation or pledge of the faith and credit of the State of New Hampshire or any political subdivision thereof.

Written comments, received by email or physical delivery, will be accepted until 4:30 p.m.. on Wednesday, June 19.

The project was approved by the Planning Board on Jan. 11, 2021. 

For more information, or to send comments, please contact:

Jim Menihane, Director Multifamily Business Development
New Hampshire Housing Finance Authority
32 Constitution Drive
Bedford, NH 03110
603-310-9273
jmenihane@nhhfa.org