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.
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
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.
$4 million in total rehabilitation funding including:
Several new playgrounds, an exercise facility, computer center, meeting facility, and community kitchen.
First Mortgage Lender
New Hampshire Housing Finance Authority
Tax Credit Investor
Curtis, Walter, Stewart Architects
North Branch Construction