Federal housing development grants coming to New Hampshire

HOLDERNESS, N.H. (WCAX) – The state of New Hampshire is on the brink of roll out $100 million in federal grants to assist deal with the area’s housing scarcity.

Governor Chris Sununu says the primary spherical of checks will probably be despatched out within the subsequent couple of weeks. He made the feedback whereas touring MegaPrint, a small printing enterprise in Holderness, the place he additionally obtained an endorsement from the Nationwide Federation of Impartial Enterprise. Sununu says companies can’t develop if there is no such thing as a place for the workforce to reside.

“When a challenge goes from ‘x’ to 30% or 40% greater than what they thought, that challenge goes to stall, particularly on the inexpensive housing aspect, as a result of the margins are so skinny. So, we’re choosing up lots of these prices to permit that workforce housing,” Sununu mentioned.

The cash comes from the American Rescue Plan Act. $40 million will go on to cities and cities to assist fast-track initiatives. The opposite $60 million will probably be distributed on to builders.

Copyright 2022 WCAX. All rights reserved.