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Board Rejects CDBG Loan for Avanru Senior Housing Project

Town of Swanzey logoTown of Swanzey
Disclosed value
$470,000 (loan from CDBG grant)
From minutes
Document date
Jan 14, 2026
Term
Up to 30 years

The 30-second brief

What it covers

The Swanzey Board of Selectmen voted to reject the acceptance of a $500,000 CDBG grant, including a $470,000 loan allocation to Avanru Development for the Plane View Senior Housing Project. The Board cited concerns about town resources and risk in their 2-0 vote against proceeding.

Who holds it

Avanru Development holds this construction contract with Town of Swanzey. Its other public contracts on record include work for City of Keene and Town of Newport.

What happens next

Term as filed: Up to 30 years.

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Contract details

Contract type
Construction
Amount
$470,000 (loan from CDBG grant)
Document date
January 14, 2026
Term
Up to 30 years
Vendor
Avanru Development
Agency
Town of Swanzey
Source document
Town of Swanzey Board of Selectmen Meeting January 14 2026 (Minutes)

Avanru Development's other public contracts

City of Keene, New HampshireAvanru Development Completes Airport Hangar Construction · Oct 23, 2026UndisclosedTown of Newport, New HampshireAvanru Agrees to Fund Safety Fence at Senior Housing Site · Jan 28, 2026Town of Keene, New YorkLand lease agreement approved for Avanru Development · May 15, 2025UndisclosedTown of Keener, IndianaAircraft Hangar construction land lease at Keene Airport · May 15, 2025UndisclosedTown of Keene, MichiganAirport land lease to Avanru for hangar construction · May 15, 2025UndisclosedAll Avanru Development contractsVendor profile

More Town of Swanzey contracts

Honeybee HollowBoard to Review Honeybee Hollow 2026-2027 Lease · Jul 29, 2026UndisclosedState PoliceTown Engages State Police For Summer Coverage · Jul 22, 2026UndisclosedUnderwood EngineersBoard Approves $104K Design Contract With Underwood Engineers · Jul 22, 2026$104.1KGDSGDS Selected For Thompson Bridge Deck Replacement · Jul 22, 2026$52.2KNANOTECHTown Weighs Donation Of Baler From Nanotech · Jul 22, 2026UndisclosedAll Town of Swanzey activityAgency profile

Questions about this contract

Who was awarded the construction contract by Town of Swanzey?

Avanru Development was awarded this construction contract by Town of Swanzey, as recorded on January 14, 2026. The contract value is $470,000 (loan from CDBG grant).

How much is the Avanru Development contract with Town of Swanzey worth?

The Avanru Development contract with Town of Swanzey is valued at $470,000 (loan from CDBG grant), covering construction work.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Swanzey Board of Selectmen Meeting January 14 2026 (Minutes), dated January 14, 2026 from Town of Swanzey. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Avanru Development hold?

Avanru Development may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

What is Town of Swanzey currently buying?

Explore Town of Swanzey's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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