New Hampshire Municipal Bond Bank – Concord, NH

New Hampshire Municipal Bond Bank (NHMBB)

The New Hampshire Municipal Bond Bank (NHMBB), located at 25 Triangle Park Drive in Concord, is a unique instrumentality of the State of New Hampshire established in 1977. It is not a commercial bank for the general public; rather, it serves as a specialized financial institution designed to provide low-cost financing to local governmental units. By pooling the borrowing needs of multiple towns, cities, school districts, and counties into single large bond issues, the NHMBB allows these entities to access the national capital markets at more favorable interest rates than they could achieve individually.

Financing for Communities

The primary function of the Bond Bank is to reduce the tax burden on New Hampshire residents by lowering the cost of public borrowing. The agency facilitates financing for a wide range of essential public infrastructure projects, including:

• School Construction and Renovation: Funding for new classrooms, gymnasiums, and safety upgrades.
• Municipal Infrastructure: Financing for water and sewer systems, town halls, and public safety buildings.
• Capital Improvements: Loans for road repairs, bridge maintenance, and equipment purchases.

Governance and Structure

The NHMBB is governed by a five-member Board of Directors, which includes the State Treasurer. The organization operates as a non-profit public entity, distinct from the state’s general fund. It has maintained high credit ratings (typically AA+ or AAA) from major rating agencies, which is the key to its ability to offer low interest rates to local borrowers. The staff at the Triangle Park Drive office manages the complex logistics of bond sales, loan administration, and financial reporting.

Visiting the Office

The office is located in the Triangle Park commercial area, easily accessible from Loudon Road. While the facility acts as the administrative headquarters for the Bond Bank, it is generally not a place for walk-in consumer business. Visits are typically by appointment for municipal officials, bond counsel, or financial advisors involved in the loan application or closing process. The Bond Bank conducts its public board meetings at this location, which are open to the public in accordance with state transparency laws.