Redden Gardens

Built in 1974, Redden Gardens was originally financed through HUD under Section 221(d)(4). The community includes 150 one, two and three bedroom apartments, 63 of which are covered by Section 8 project-based subsidy. The property is conveniently located near local shopping.

Redden Gardens
2 Adelle Drive
Dover, New Hampshire 03820
Phone: (603) 742 6828
Fax: (603) 743 3524

Office Hours: M-F 9:00 am-5:00 pm

Preservation Transaction Description

First Mortgage Financing: Tax-exempt bonds issued through New Hampshire Housing Finance Agency.

Equity Financing: Equity raised through 4% low income housing tax credits.

Section 8 Contract Renewal: Yes - with an OCAF increase.

Property Rehabilitation Scope

$4 million in total rehabilitation funding including:

  • Kitchen cabinets, countertops, appliances and flooring replacement
  • Bathroom vanity, water closet, lavatory and flooring replacement
  • Heating and hot water system replacement
  • New vinyl windows
  • New siding
  • New exterior and interior doors
  • New carpeting throughout apartments
  • Repavement of all parking areas
  • New landscaping
  • New exterior lighting
  • New management office

Other Benefits for Residents and the Community

Several new playgrounds, an exercise facility, computer center, meeting facility, and community kitchen.

Development Partners

First Mortgage Lender
New Hampshire Housing Finance Authority

Tax Credit Investor
Boston Financial

Legal Counsel
Holland & Knight LLP
Sheehan Phinney Bass & Green

Curtis, Walter, Stewart Architects

General Contractor
North Branch Construction

Due Diligence Contractors
Appraisal: F&M Appraisal
Environmental: Arc Environmental Consultants 
Surveyor: Owen Haskell, Inc.