Three New Hampshire Developers Receive $59 Million Housing Bond

(February 1, 2018, Manchester, NH) – Sheehan Phinney’s Affordable Housing team recently represented all three New Hampshire developers in connection with a  $59,180,000 2017 Series 1 Bond. The firm’s representation included representing the developers receipt and syndication of 4% low income housing tax credits; procurement of financing of private and public sources of financing; and tax planning in the structure of the deal. The team also provided the necessary due diligence and opinions to Bond Counsel for the issuance of the bonds.

The funds were made available to three developers, Dover Housing Authority, Anagnost Investments Inc., and affiliates of Chartwell Holdings to be used to create 724 affordable housing units. Dover Housing will redevelop 184 units in Dover, NH, Anagnost Investments Inc. will develop 152 units in Nashua, NH and Chartwell Holdings will rehab and convert 388 units in Seabrook, NH.

Sheehan Phinney attorney team members included Kenneth Viscarello (Affordable Housing), Susan Manchester (Affordable Housing), Peter Beach (Tax Law) and Margaret Probish (Bond Financing), Greg Chakmakas (Affordable Housing) and paralegal Valerie April.

About the Firm
Sheehan Phinney is a full service business law firm representing local, national and international clients with innovative approaches and practical solutions. Founded in 1937, Sheehan Phinney has grown to over 60 attorneys with four offices throughout New Hampshire and Massachusetts and is known for professional excellence, practical counsel and commitment to both its clients and the communities it serves. Sheehan Phinney is the exclusive member in New Hampshire of Lex Mundi, the world’s leading association of premier independent law firms.