November 29, 2023

Housing Finance Development

It's Your Housing Finance Development

Exeter, Epping, Dover affordable housing projects receive grants

EXETER — Three major development projects bringing affordable housing to the Seacoast are receiving a financial boost this week to help make the projects a reality.

The Gateway at Exeter, Epping Meadows and McIntosh Dover Apartments were among the 30 developments chosen to receive a combined $49,506,378 in grant money through the state’s InvestNH Housing Program. The Executive Council is scheduled to vote Wednesday on approving the grant money, which would be funded through the Department of Business and Economic Affairs and the New Hampshire Housing Finance Authority.

The Gateway at Exeter, which seeks to bring 56 affordable housing units to Epping Road across from the Mobil Station, was selected to receive $3 million. The McIntosh project will receive $2.8 million to help bring 52 new affordable units to Dover while Epping Meadows will receive $786,771 for 30 affordable units.