D.R. Lemieux Builders to Build 34 Affordable Housing Units in Rochester, NH

Sheehan Phinney’s Affordable Housing team successfully represented D.R. Lemieux Builders in the development of the first phase of three planned phases for construction of 102 units with 34 residential units of affordable housing in each phase located in Rochester, New Hampshire. Sheehan Phinney represented the development team in securing financing for this transaction through numerous funding sources including the syndication of Low Income Housing Tax Credits issued by the New Hampshire Housing Finance Authority that generated $6,835,632 in equity financing.