Press Release: Tamposi Brothers Holdings and Elm Grove Companies Welcome Residents to Avery Lane Apartments for 95-Unit Twinned LIHTC Community

Avery Lane Apartments Ribbon Cutting

Nashua, NH, June 22, 2026 — Elm Grove Companies is proud to join developer Tamposi Brothers Holdings, LLC and its partners in celebrating the completion and ribbon-cutting of Avery Lane Apartments, Phases I and II, a new 95-unit affordable housing community now leasing and professionally managed by Elm Grove Companies. Located at 5 Avery Lane, Nashua, NH, off East Hollis and Crown Streets overlooking the Merrimack River, the property consists of 95 brand-new, safe, clean, and affordable 1- and 2-bedroom apartments in two four-story elevator buildings with a community room and outdoor amenities.

Relative to Phase I, a 32-unit 9% LIHTC project, Stratford Capital Group arranged for $7.7 million of Low-Income Housing Tax Credit (LIHTC) and Investment Tax Credit (ITC) equity investments to fund the project's construction. In addition, the project obtained $7.9 million of construction financing provided by TD Bank, N.A., $409,000 of construction/permanent financing from New Hampshire Housing via the Department of Business and Economic Affairs (BEA) InvestNH program, and $2.9 million of permanent financing provided by New Hampshire Housing with participation lender Eastern Bank. New Hampshire Housing's construction financing is part of the InvestNH-BEA Capital Grant Program allocated to New Hampshire Housing to spur the creation of affordable housing across the state.

Relative to Phase II, a 63-unit 4% LIHTC project, Stratford Capital Group arranged for $8.1 million of Low-Income Housing Tax Credit (LIHTC) and Investment Tax Credit (ITC) equity investments to fund the project's construction. In addition, the project obtained $11.8 million of construction/permanent financing provided by New Hampshire Housing via a Tax-Exempt bond financing, $1.9 million of construction/permanent financing from New Hampshire Housing via the HOME-ARP funding program, and $1.7 million of construction/permanent financing from New Hampshire Housing via the Affordable Housing Fund (AHF) program.

“We are extremely proud and grateful to have once again worked with our financing partners at New Hampshire Housing, Stratford Capital Group, TD Bank, and NH BEA, as well as the many members of the development team and the City of Nashua to make these projects possible. Avery Lane Apartments will help fill the tremendous need in Nashua and the surrounding areas for new, well-managed, and well-maintained affordable and workforce housing,” said Joe Tamposi, manager of Tamposi Brothers Holdings, LLC, which was the project developer.

“New Hampshire Housing is thrilled to see the completion of Avery Lane Apartments, a project that truly reflects Elm Grove Companies and Tamposi Brothers Holdings, LLC’s commitment to creating vibrant, affordable communities,” said Rob Dapice, CEO and Executive Director of NH Housing. “This development is a significant step forward in addressing the housing needs of Nashua and its surrounding areas. This development makes a lasting impact by providing quality housing options for families and individuals in need.”

Burnell Johnson Architects, PLLC, out of Hopkinton, served as the project architect, and TF Moran, Inc., of Bedford, served as the civil engineer. Hutter Construction Corp. out of New Ipswich provided general contracting services. Sheehan Phinney Bass & Green, P.A. out of Manchester served as legal counsel. Elm Grove Property Management professionally manages the property both onsite and out of its main office in Hooksett. Prospective tenants should contact Elm Grove at 603-666-8534 for eligibility and availability.

Avery Lane Apartments

About Elm Grove Companies

Elm Grove Companies is a vertically integrated private equity real estate investment firm offering a strategic approach to acquisition, development, and third-party management. Backed by experienced principals and senior leadership, Elm Grove employs a rigorous asset selection process and hands-on management to deliver lasting community value. The Elm Grove family of companies includes Elm Grove Property Management, Elm Grove Realty, Elm Grove Investments, and EGCON - Construction and Development services. Learn more at www.elmgrovecompanies.com.

About Tamposi Brothers Holdings, LLC:

Tamposi Brothers Holdings and its affiliates are a family-held real estate development group focused on creating affordable housing in markets with a critical need for housing opportunities. Joe Tamposi is a proud New Hampshire resident with a vested interest in helping to create the homes needed to maintain New Hampshire’s economic vibrancy, retain a skilled workforce, and allow seniors and families to have decent, safe, and affordable places to live. Since 2021 alone, Tamposi Brothers’ under construction and recently completed affordable housing projects in New Hampshire represent total development investment of over $109 Million in New Hampshire and the creation of 340 affordable housing units in multiple communities throughout the state.

About Stratford Capital Group, LLC:

Stratford Capital is a national Low-Income Housing Tax Credit syndication firm, and is headquartered in suburban Boston, Massachusetts. The principals of Stratford Capital have over 100 years of combined experience in all aspects of Low-Income Housing Tax Credit investment, asset and fund management. Stratford Capital’s current multifamily rental housing portfolio consists of over 35,000 affordable apartment units located in thirty-eight states and the District of Columbia.