Meetings / May 20, 2026 / Item 6

Item 6

amendment

May 20, 2026

Description

Authorize a public hearing beginning at 10:00 a.m. under RSA 162-I and as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), with regard to the recommendation of the Business Finance Authority of the State of New Hampshire (the “Authority”) relating to the proposed issuance of not more than $52,500,000 of its revenue bonds (without premium and exclusive of accreted interest), 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, senior or subordinated, current interest or capital appreciation bonds (the “Bonds”), to refinance or finance a project of 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 and an organization described in Section 501(c)(3) of the Code (the “Parent”), located in New Hampshire, as follows: (i) the acquisition of an assisted living and memory care facility (the “Facility”), 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. The Facility will be owned, operated and/or used by the Borrower or another wholly-owned subsidiary of the Parent or the Borrower.

Amount
$52.5M
$52,500,000

Documents (1)

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