- (a) Municipalities within the state of New Hampshire shall be eligible to apply for available InvestNH program grants and loans, subject to available funding, program guidance, and application requirements.
- (b) For profit and non-profit housing developers shall be eligible to apply for available InvestNH program grants and loans, subject to available funding, program guidance, and application requirements.
- (c) Participation in the InvestNH program shall be voluntary. Each eligible municipality and developer has the option, in its sole discretion, to apply to the department to receive available funding.
- (d) Eligible municipalities may apply either on their own behalf or on behalf of an eligible private housing developer. In such circumstances, the municipality or housing developer shall either hold title to the property that is the subject of the program application or have a contract in place that will result in the acquisition of title to the property within 12 months, and if the municipality does not or will not hold title to the property, the municipality shall have an enforceable commitment that guarantees the property will be used for the purpose stated in the InvestNH funding application.
- (e) Award recipients shall not be debarred or suspended from programs and activities involving federal financial and non-financial assistance or benefits.
- (f) Award recipients shall be in good standing, where applicable, with the New Hampshire department of revenue and New Hampshire secretary of state.
- (g) All award recipients shall affirm their awareness and understanding of all tax implications and any applicable state or federal requirements.
- (h) All award recipients shall be subject to a risk assessment and shall comply with monitoring processes as required based on that assessment.
Source. #14044, eff 8-8-24