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State economic development office details $100 million InvestNH effort and new Housing Champions program
Summary
New Hampshire Department of Business and Economic Affairs told the House Committee on Housing that a $100 million Invest NH package launched in 2022 funded developer projects and municipal incentives; the department also unveiled a new Housing Champions designation and a $5 million infrastructure/per-unit funding application process.
The New Hampshire Department of Business and Economic Affairs has directed $100,000,000 in American Rescue Plan Act funds into housing initiatives and says the program produced more than 5,000 new units through partnerships with private and nonprofit developers.
The department’s commissioner told the House Committee on Housing that the Invest NH program, launched in summer 2022, moved rapidly: “By November of that year, we had made initial awards of $60,000,000 to, for profit and non profit developers of multifamily housing in the state that had an affordability component to it,” Commissioner Caswell said. He described follow‑on municipal programs that distributed the remaining $40,000,000 to towns and cities.
The comm…
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