State Fiscal Recovery Funds in Action: New Hampshire

The Coronavirus State and Local Fiscal Recovery Fund provides $350 billion to state, local, and tribal governments to support their response to and recovery from the COVID-19 public health emergency. This profile highlights how New Hampshire is using these recovery dollars for affordable housing. 

NCSHA Survey: New Hampshire Fiscal Recovery Fund

Total Investment for Affordable Housing: $100 Million

Administering Entity: InvestNH is funded through the Governor’s Office for Emergency Relief and Recovery using the state’s allocation of Fiscal Recovery Funds. A portion of the funds will be used in conjunction with New Hampshire Housing (HFA) programs.

Uses for Affordable Housing: Capital resource (gap filler) to help finance Housing Credit properties; capital resource to finance other affordable rental housing production or preservation (not Housing Credit properties); workforce housing development; incentives for communities to approve permits for housing projects quickly; flexible grants for municipalities for housing and zoning activities

FRF Leveraging Resources: Housing Credit, Tax exempt bonds

Related News News and Resources

• InvestNH: InvestNH makes $100 million available to accelerate the approval and construction of affordable workforce housing in New Hampshire.  It is a new, one-time flexible resource to benefit small and large projects across the state plus the municipalities in which they will be located.
  Read More
• With N.H.’s rental market red hot, state gives developers $50M to build ‘our way out of this crisis’ (November 17, 2022)

• BEA Announces $50 Million for Affordable Housing [in New Hampshire] (November 4, 2022)
• Governor Sununu, Commissioner Caswell, Local Officials, and Stakeholders Announce Details of New Hampshire’s Transformative $100 million InvestNH Fund (July 7, 2022) 
  Learn More: Fiscal Recovery Funds for Affordable Housing