The town of Londonderry had its third property receive approval for the PILOT Program (Payments in Lieu of Taxes) last month, with the Baldwin Senior Living property, on Woodmont Avenue, falling under a Charitable, Nonprofit Housing Project.
The two other entities in town also make Payments in Lieu of Taxes are New Balance and the Manchester Boston Regional Airport, both of which qualify for the program.
The New Balance company received its approval from the Town Council in August 2023. At that time, former Town Manager Mike Malaguti informed the Council that the project would be financed through the New Hampshire Business Finance Authority, which would own the property for 10 years and lease it to New Balance, then purchase it after the 10-year period.
It was also stated at the time that under state law, the town has to negotiate a PILOT since the N.H. Business Finance Authority is a government entity and doesn’t have to pay property taxes.
According to town records, the 2025 PILOT invoice from the town’s Finance Department to New Balance stated the company would be paying $125,549.83 on the property valued at $8,308,600.
The company would have paid roughly $134,000 if taxed, or a difference of about $8,451 from the PILOT payment.
As for the Manchester-Boston Regional Airport, the 2025 PILOT invoice was for the amount of $722,692.06, a two percent increase from the previous year.
The Intermunicipal Agreement stated that the total value of the property is just under $188 million, and if they were taxed on that assested value, the town would be receiving just over $3 million.
It has yet to be determined how much The Baldwin will be paying instead of taxes, but at the July 21 meeting, Town Assessor Steve Hamilton stated, “There is undeveloped land and approvals in place for an additional 64 units, leaving a total of $5,120,000 taxable value on the property.”
They qualify under 72:23-k Charitable, Nonprofit Housing Projects, which states:
I. The real estate and personal property of charitable, nonprofit community housing and community health care facilities for elderly and disabled persons, if none of the income or profits is used for any purpose other than community housing or community health care, shall be exempt from taxation. This exemption shall apply to housing and health care facilities situated within New Hampshire which are sponsored or owned by nonprofit, charitable corporations or organizations, located within or outside of the state, and to projects organized, operated, or assisted under state law or pursuant to rules and regulations of the United States Department of Housing and Urban Development, the United States Department of Health and Human Services, or any successor agency. For the purposes of this section, an elderly person is one who is 62 years of age. The age of the head of the family determines the eligibility of the family unit in the project. For this section, the term “charitable” shall have the meaning outlined in RSA 72:23-l.
II. On or before November 1 of each year, the owner of the housing project shall enter into an agreement with the municipality in which the property is situated to pay the municipality, on December 1 of each year, a sum in lieu of taxes to defray the costs of municipal, non-utility services. Failing mutual agreement, the sum paid on December 1 of each year shall be an amount not to exceed the lower of 10 percent of the shelter rent received by the owner from all sources during the preceding calendar year, not including security deposits received from residents of the housing project, for shelter and care of residents within the project, or a sum equivalent to that derived from application of the current municipal, non-school, portion of the local tax rate against the net local assessed value of the project. For cause shown and at any time, keeping in mind the nature and purpose of the project, the municipality or the board of tax and land appeals may refund or abate all or a portion of the payment instead of taxes in any year. The owner shall, on or before June 1 of each year, file with the municipality in which the property is located, upon a form prescribed and provided by the board of tax and land appeals, a statement of its financial condition for the preceding fiscal year and such other information as the board of tax and land appeals requires.
Town Manager Shaun Mulholland is currently looking to enter into negotiations with the Baldwins to establish a PILOT payment for The Baldwin.