Meetings / Apr 15, 2026 / Item 6

Item 6

amendment

Apr 15, 2026

Description

Authorize a public hearing beginning at 10:00 a.m. under RSA 162-I with regard to the recommendation of the Business Finance Authority of the State of NH (the “Authority”) with regard to the proposed issuance of not more than $50,800,000 of its revenue bonds, as tax-exempt “qualified 501(c)(3) bonds” within the meaning of Section 145(a) of the Internal Revenue Code of 1986, as amended (the “Code”), or as taxable bonds or a combination thereof, in one or more series (the “Bonds”), to finance a project located in NH, which will be owned, operated and used by QSH/Northeast, LLC, a Georgia limited liability company (together with its affiliate or designee, the “Borrower”), the sole member of which is Qualified Senior Housing Foundation, Inc., a Georgia nonprofit corporation (the “Parent”), and an organization described in Section 501(c)(3) of the Code, and certain other costs, as follows: (i) the acquisition of a single story, 43,000 square foot assisted living and memory care facility, composed of three residential neighborhoods, on 8.1 acres with 52 surface parking spaces, located at 575 Amherst Street along Route 101A in the City of Nashua; (ii) the funding of one or more reserve funds for debt service, capitalized interest or working capital costs, if needed; and (iii) the payment of certain expenses incurred in connection with the issuance of the Bonds.

Amount
$50.8M
$50,800,000
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