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
Holland & Knight LLP
Sheehan Phinney Bass & Green
Curtis, Walter, Stewart Architects
North Branch Construction
Due Diligence Contractors
Appraisal: F&M Appraisal
Environmental: Arc Environmental Consultants
Surveyor: Owen Haskell, Inc.