BUSINESS FINANCE AUTHORITY NOTICE AND AGENDA
The regular meeting of the Board of Directors is scheduled for Monday, January 12, 2026, at 2:00 PM, 135 N. State St, Concord, New Hampshire.
- Introduction of Board Members.
- Approval of Board of Director Minutes for the Meeting of December 15, 2025.
- Nonpublic Session for Consideration of Loans, as applicable.
- Approval of Loan Items and Associated Resolutions as applicable.
- Election of Officers for Board in accordance with BFA By-Laws (Clerk, Senior Credit Officer, and Chief Financial Officer).
- To consider approving transferring $194,390,000 in Private Activity Bond Volume Cap for the calendar year 2025 to New Hampshire Housing Finance Authority and adopting the resolution hereto.
- Public Hearing for Assignment of $198,812,500 for 2026 Tax exempt Bond Capacity under RSA 162-M.
- To establish categories for the 2026 Tax Exempt Bond Capacity.
- Public Hearing for use and allocation of available $200,000,000 Contingent Credit Limit among uses authorized by RSA 162-A.
- To establish category limits in accordance with RSA 162-A:22, Unified Contingent Credit Limit.
- Financial Reports– Chris Kreidermacher – Month End December 2025
- Lending Reports – Jeremy Stanizzi – CAP Monthly, CAP Statistics/Demographics, Capacity Report
- Executive Director’s Report.
- Other Business.
Dated and mailed: January 8, 2026
BFA BOARD OF DIRECTOR’S MINUTES
Business Finance Authority January 12,2026 Concord, New Hampshire
The meeting of the Board of Directors of the Business Finance Authority (“BFA”) was called to order at 2:01 p.m. at 135 N. State Street, Concord, New Hampshire. The following Directors were present:
Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey. Also present were: James Key-Wallace, Executive Director and Clerk; Jeremy Stanizzi, Senior Credit Officer, Chris Kreidermacher, Chief Financial Officer, Deb Intonti, Executive Assistant, John Stoecker, National Finance Authority, Representative Gary Daniels and Attorney Kris Moussette, Hinckley Allen. Absent were: Director Todd Horner, Senator Daniel Innis, Senator Keith Murphy, Representative Brian Cole and Jeff Cook Credit Analyst.
Chairman Anagnost announced the meeting was open to the public and welcomed all present.
The Chairman asked for approval of the public and nonpublic minutes for the December 15, 2025, Board meeting.
Upon motion made by Director Duprey and seconded by Director Mansharamani, the following action was voted on:
VOTED: To accept the public and nonpublic minutes of December 15, 2025.
The following named Directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked the Board for approval of Election of Officers in accordance with BFA by-laws (Clerk, Senior Credit Officer, and Chief Financial Officer).
Upon a motion made by Director Duprey and seconded by Director Coletti-Lawson the following action was voted on:
VOTED: To accept the Election of Officers in accordance with BFA by-laws (Clerk, Senior Credit Officer, and Chief Financial Officer).
James Key-Wallace Clerk
Jeremy Stanizzi Senior Credit Officer
Chris Kreidermacher Chief Financial Officer
The following named Directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
New Hampshire Housing Finance Authority:
The Chairman asked the Board to consider an approval to transferring $194,390,000 in Private Activity Bond Volume Cap for the calendar year 2025 to New Hampshire Housing Finance Authority and adopting the resolution hereto.
Upon a motion made by Director Duprey and seconded by Director Coletti-Lawson the following action was voted on:
VOTED: To approve transferring $194,390,000 in Private Activity Bond Volume Cap for the calendar year 2025 to New Hampshire Housing Finance Authority and adopting the resolution hereto and Director Duprey suggested that the Executive Director contact a representative at the New Hampshire Housing Authority.
The following named Directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
Tax Exempt Bond Capacity – Public Hearing #1 Opened at 2:07 p.m.
The Chairman asked for a motion to enter a Public Hearing for the Assignment of $198,812,500 for 2026 Tax exempt Bond Capacity and to establish categories under RSA 162-M.
The Chairman asked if we had any members of the public present. John Stoecker of the NFA were attending the meeting.
The Chairman asked if anyone from the public had any comments, no comments cited.
Public Hearing #1 closed at 2:10 p.m.
Upon a motion made by Director Duprey and seconded by Director Henderson the following action was voted on:
VOTED: To approval the assignment of $19,812,500 for 2026 Tax Exempt Bond Capacity, and to establish the following Tax-exempt Bond Capacity categories under RSA 162-M
Industrial: $ 30,000,000
Solid Waste: $ 35,000,000
Housing $ –
Water: $ 50,000,000
Sewer: $ 70,000,000
Reserve: $ 13,812,500
The following named Directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
Contingent Credit Limit – Public Hearing #2 Opened at 2:11 p.m.
The Chairman asked the Board to enter a Public Hearing for use and allocation of available $200,000,000 Contingent Credit Limit among uses authorized by RSA 162-A and establish category limits in accordance with RSA 162-A:22 Unified Contingent Credit Limits.
The Chairman asked if we had any members of the public present. John Stoecker of the NFA was attending the meeting.
The Chairman asked if anyone from the public had any comments, no comments.
Public Hearing #2 Closed at 2:13 p.m.
Upon a motion made by Director Duprey and seconded by Director Mezzapelle the following action was voted on:
VOTED: Approval of the use and allocation of available $200,000,000 Contingent Credit Limit among uses authorized by RSA 162-A and establish category limits in accordance with RSA 162-A:22 Unified Contingent Credit Limits as follows:
Guarantee Asset Program $ 10,000,000
Guarantee of Industrial Development Bonds $167,000,000
State Guarantee of BFA Bonds $ 20,000,000
Working Capital Loan Guarantee $ 3,000,000
The following named Directors voted:
Aye: Dick Anagnost, Monica Mezzapelle, Vikram Mansharamani, Matthew Benson, Cheryl Coletti-Lawson, Daniel Henderson, Catherine Provencher and Stephen Duprey.
Nay: None.
Abstain: None.
Whereupon the Chairman declared said resolution adopted.
The Chairman asked Mr. Kreidermacher to review the month end Financial Reports for December 2025.
The Chairman asked Mr. Stanizzi to review the Lending Reports for December 2025.
The Chairman asked Mr. Key-Wallace to present the Executive Director’s Report.
There being no further business and upon motion made by Director Provencher and seconded by Director Mezzapelle, the meeting was adjourned at 2:28 p.m.
Respectfully submitted:
James Key-Wallace
Clerk