To apply to the InvestNH program, the applicant shall submit the following information and documentation to the department:
- (a) Municipality or housing developer name;
- (b) Municipal or housing developer contact information;
- (c) Municipality or housing developer Unique Entity Identifier (UEI) and Tax Identification Number (TIN);
- (d) Type of municipality, whether a city, town, village district, or county in which there are located unincorporated places, or housing developer, whether for-profit or non-profit;
- (e) Name of county in which project is located;
- (f) Population based on the most recent census conducted by the U.S. Census Bureau;
- (g) Amount of funding requested, intended use of funds, and reason for need or request;
- (h) Project name;
- (i) Project address;
- (j) Additional project or property related data, such as when it was purchased or will be, when it was last occupied or will be, overall project plan, design, timeline, total and per unit costs, and description, project or property condition, available infrastructure, applicable zoning requirements, or relevant environmental considerations;
- (k) Description of municipal oversight plan for housing developer, if applicable;
- (l) The municipality’s or housing developer’s written procurement procedures, if applicable;
- (m) The municipality’s or housing developer’s written standards of conduct regarding conflicts of interest and the selection, award, and administration of contracts, if applicable;
- (n) The project’s comprehensive development budget that includes land costs, soft costs, hard costs, contingencies, estimated financing costs, and income and expense projections. Examples include a project budget and proforma;
- (o) Information on any other funding sources being utilized on the project or property;
- (p) Number of new housing units, type, and rent or cost that are expected to result from the project or investment;
- (q) Enforcement mechanism for the project or property’s affordability commitment or requirements and period of affordability or restriction;
- (r) Whether the project or property fits into a local or regional plan such as, the municipal master plan, or the regional comprehensive economic development Strategy (CEDS), and, if so, the plan’s name, relevant section, and page number;
- (s) Supporting documentation for the application, such as actual and estimated costs, relevant permits, proof of ownership or purchase and sale contract, project or property plans, condition, affordability or deed restriction, and financing commitments; and
- (t) Other information the department deems necessary for the comprehensive review.
Source. #14044, eff 8-8-24