CONCORD: Housing supply across the state increased by an estimated 4,446 units in 2020, which is 37 fewer than the year before, according to a report released by the Department of Business and Economic Affairs. It marks the first dip since 2013. The number of building permits peaked at more than 9,000 building permits in 2004, according to the report. The state had a total of 638,354 units as of April 1, 2020. The NH Housing Finance Authority says there is a need for between 20,000 and 30,000 housing units to meet current housing demand.
WASHINGTON, D.C.: A bill introduced by a group of U.S. senators in northern New England would allow a 10-year reauthorization for a commission that provides funding and jobs for economic development projects across the region.
The Northern Border Regional Commission bill “encourages business retention and expansion, invests in public infrastructure and promotes tourism,” a news release from New Hampshire U.S. Sen. Jeanne Shaheen’s office said. The bill also adds New Hampshire’s Merrimack County and Maine’s Lincoln County as newly eligible to receive funds.

BELMONT: The
Belknap Mall in Belmont, one of the largest retail complexes in the
Lakes Region, has been sold to a commercial real estate firm that plans a
multimillion-dollar upgrade of the facility, which has experienced
increasing vacancies over the past 20 years. The property was sold by
Belknap Realty LLC to Verno Belknap LLC. The purchase price was not
immediately disclosed. Belknap Realty purchased the mall just under two
years ago for $4.25 million.
Verno
Belknap is managed by Vernet Property Inc., a Massachusetts commercial
real estate holding company that also owns two retail complexes and a
restaurant in the southern part of the state, in addition to commercial
property in the Bay State.
PORTSMOUTH:
The Portsmouth City Council has voted to create a Housing Committee,
which is aimed at addressing the lack of affordable housing in
Portsmouth, which was a frequent topic in
last year’s municipal elections. The committee will review “all current
zoning and policy surrounding housing and development to encourage
sustainable, diverse and affordable development, including expanded,
multi-modal transportation,” said City Councilor Beth Moreau, who
proposed creation of the committee.
CONWAY:
Conway selectmen said they are planning to appeal a Superior Court
judge’s January ruling in favor of a short-term rental operator whom
they sued last year. Their decision flew in the face of requests from
several short-term rental supporters asking them not to do so. But
Selectman Steven Porter said the decision is “a representation of the
voters of this community,” because last April voters said with their
ballots that they don’t believe short-term rentals belong in residential
areas.
BELMONT:
The Lakes Region Casino on Route 106 in Belmont has been sold by Potts
NH RE LLC to Belknap Gaming LLC of Las Vegas, Nev., for $3 million,
according to records at the Belknap County Registry of Deeds. The sale
was recorded on Jan. 12. The casino is a charitable gaming facility
which offers a variety of table games, as well as a restaurant and bar,
according to its
website. Potts, with offices in Scottsdale, Arizona, purchased the
facility in 2011 for $1.3 million, according to official records.
PLYMOUTH:
NH Electric Cooperative has launched a nationwide search for its next
chief executive officer. The utility’s new CEO will replace Jim Bakas,
who has been serving as interim general manager since Steve Camerino’s
departure last July to become CEO of the McLane Middleton law firm.
Bakas will resume his role as vice president of operations and
engineering upon the hiring of a new CEO.
CONCORD:
An investigation by the U.S. Department of Labor’s Wage and Hour
Division has found the owner of the Dos Amigos Burritos restaurant in
Concord improperly included managers in its tip pool, resulting in the
recovery of $61,788 in tips and liquidated damages for 39 employees.
The
division said its investigation also identified three 15-year-olds
working in violation of the child labor hours restrictions at the Dos
Amigos restaurant in Portsmouth. The employer paid $2,073 in civil money
penalties to resolve these child labor violations.