Manchester Development Corporation Bylaws

At a glance

What: Amended bylaws for the Manchester Development Corporation, the City affiliated nonprofit that runs a revolving loan fund.
Where it stands: Approved by the Committee on Administration/Information Systems and by the Board September 1.
Next: None recorded.
Nazaka told the committee the corporation is a 501(c)(4) at least 30 years old. It receives 10 percent of City land sales in the Hackett Hill area into its revolving loan fund, has financed projects such as the Rex Theater, the former Georgio's and Dunkin' sites, the Chase building and 30 Amherst Street, and can decide loans under $15,000 on its own; larger ones come to the Board.
Committee: approved (Kaw-uh, Kantor), expedited (Kaw-uh, Bonilla). See 2026-09-01 - Committee on Administration and Information Systems.
Board: approved (motion Trisciani, second Bonilla).

Board of Mayor and Aldermen minutes, September 1, 2026: https://manchesternh.api.civicclerk.com/v1/Meetings/GetMeetingFileStream(fileId=5309,plainText=false)
Committee on Administration/Information Systems minutes, September 1, 2026 (fileId=5254).

Bylaws approved on the committee report (Trisciani, Bonilla).