R-21-149
RESOLUTION
APPROVING THE USE OF U.S. DEPARTMENT OF HOUSING AND URBAN
DEVELOPMENT HOME INVESTMENT PARTNERSHIP PROGRAM FUNDS BY
NEIGHBORWORKS OF SOUTHERN NEW HAMPSHIRE FOR 40 ASH STREET
CITY OF NASHUA
in the Year Two Thousand and Tenty-One
WHEREAS, Neighborworks of Southern New Hampshire has requested HOME
Investment Partnership Program funds to rehabilitate a property they own and operate located at
40 Ash Street; and
WHEREAS, the City has funds reserved under the HOME Program specifically for the
development of affordable housing by a “Community Development Housing Organization”
(“CHDO”) for which Neighborworks is eligible.
NOW, THEREFORE, BE IT RESOLVED that the Board of Aldermen of the City of
Nashua hereby approves the allocation of up to $207,460 of CHDO Reserve funds from fiscal
years 2019-2022, using the oldest funds first, for Neighborworks of Southern New Hampshire to
rehabilitate a property they own and operate located at 40 Ash Street: and
BEIT FURTHER RESOLVED that the Mayor is authorized to execute all necessary
understandings, assurances and agreements pursuant to thts project.
