PRELIMINARY OFFICIAL STATEMENT DATED MAY 12, 2017 NEW ISSUE RATING: Not Rated Book-Entry Only In the opinion of Hawkins Delafield & Wood LLP, Bond Counsel to the Authority, under existing statutes and court decisions and assuming continuing compliance with certain tax covenants described herein, (i) interest on the Series 2017A Bonds, the Series 2017B Bonds and the Series 2017C Bonds (collectively, the “Series 2017 Tax-Exempt Bonds”) is excluded from gross income for Federal income tax purposes pursuant to Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”), and (ii) interest on the Series 2017 Tax-Exempt Bonds is not treated as a preference item in calculating the alternative minimum tax imposed on individuals and corporations under the Code; such interest, however, is included in the adjusted current earnings of certain corporations for purposes of calculating the alternative minimum tax imposed on such corporations. Interest on the Series 2017D Bonds is included in gross income for Federal income tax purposes pursuant to the Code. In addition, in the opinion of Bond Counsel to the Authority, under existing statutes, the Series 2017 Bonds, their transfer and the income therefrom, including any profit made on the sale thereof, will be exempt from taxes directly imposed thereon by The State of New Hampshire and the municipalities and other political subdivisions of The State of New Hampshire. See “TAX MATTERS” herein. $93,600,000* NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY Revenue Bonds, Hillside Village Issue, Series 2017 Consisting of $55,975,000* $18,005,000* Series 2017A BondsSM Series 2017B Entrance Fee Principal Redemption BondsSM $17,620,000* $2,000,000* Series 2017C Entrance Fee Series 2017D Federally Taxable Principal Redemption BondsSM Entrance Fee Principal Redemption BondsSM Dated: Date of Delivery Due: July 1, as shown on the inside cover hereof The New Hampshire Health and Education Facilities Authority (the “Authority”) is issuing its Revenue Bonds, Hillside Village Issue, Series 2017 (the “Series 2017 Bonds”), consisting of $55,975,000* Series 2017A Bonds (the “Series 2017A Bonds”), $18,005,000* Series 2017B Entrance Fee Principal Redemption BondsSM (the “Series 2017B Bonds”), $17,620,000* Series 2017C Entrance Fee Principal Redemption BondsSM (the “Series 2017C Bonds”) and $2,000,000* Series 2017D Federally Taxable Entrance Fee Principal Redemption BondsSM (the “Series 2017D Bonds”). The Series 2017 Bonds are special obligations of the Authority payable solely out of the revenues or other receipts, funds or moneys of the Authority pledged therefor or otherwise available to U.S. Bank National Association, as trustee (the “Trustee”), for the payment thereof, including those derived under a Bond Indenture, dated as of June 1, 2017 (the “Indenture”), by and between the Authority and the Trustee, and a Loan Agreement and Mortgage (Security Agreement), dated as of June 1, 2017 (the “Loan Agreement”), between the Authority and The Prospect-Woodward Home (the “Institution”). The Series 2017 Bonds will bear interest from the date of delivery, payable on each January 1 and July 1, commencing January 1, 2018. The Series 2017 Bonds are subject to optional, mandatory and extraordinary redemption prior to maturity as described herein. See “THE SERIES 2017 BONDS” herein. The Series 2017 Bonds will be issued initially under a Book-Entry Only System, registered in the name of Cede & Co., as registered owner and nominee for The Depository Trust Company (“DTC”), which will act as securities depository for the Series 2017 Bonds. Individual purchases of beneficial interests in the Series 2017 Bonds will be made in book-entry form and will be made in denominations of $100,000 and increments of $5,000 in excess thereof. Purchasers of beneficial interests in the Series 2017 Bonds will not receive certificates representing interests in the Series 2017 Bonds that they purchase. So long as Cede & Co., as nominee of DTC, is the registered owner of the Series 2017 Bonds, references herein to the Bondholders or registered owners shall mean Cede & Co., rather than the beneficial owners of the Series 2017 Bonds. So long as DTC or its nominee is the registered owner of the Series 2017 Bonds, payments of principal and premium, if any, and interest on the Series 2017 Bonds shall be made to DTC or its nominee. Disbursement of such payments to DTC participants is the responsibility of DTC and disbursement of such payments to the beneficial owners is the responsibility of DTC participants and indirect participants. The purchase of Series 2017 Bonds involves a significant degree of risk. See “RISK FACTORS” herein. Until such time (if any) as the Series 2017 Bonds shall receive an investment grade rating from any nationally recognized rating agency, the transfer of beneficial ownership of the Series 2017 Bonds shall be restricted solely to “qualified institutional buyers” or “accredited investors” within the meaning of the Securities Act of 1933, as amended, in denominations of $100,000 and increments of $5,000 in excess thereof. NEITHER THE STATE OF NEW HAMPSHIRE NOR ANY MUNICIPALITY OR POLITICAL SUBDIVISION THEREOF SHALL BE OBLIGATED TO PAY THE PRINCIPAL OF OR PREMIUM, IF ANY, OR INTEREST ON THE SERIES 2017 BONDS EXCEPT FROM THE SOURCES DESCRIBED HEREIN, AND NEITHER THE FULL FAITH AND CREDIT NOR THE TAXING POWER OF THE STATE OF NEW HAMPSHIRE OR OF ANY MUNICIPALITY OR POLITICAL SUBDIVISION THEREOF IS PLEDGED TO THE PAYMENT OF THE SERIES 2017 BONDS. THE AUTHORITY HAS NO TAXING POWER. AMOUNTS, MATURITIES, INTEREST RATES AND PRICES OR YIELDS AS SHOWN ON THE INSIDE FRONT COVER The Series 2017 Bonds are offered when, as and if issued and received by Herbert J. Sims & Co., Inc. (the “Underwriter”), subject to prior sale, withdrawal or modification of the offer without notice and subject to the approving opinion of Hawkins Delafield & Wood LLP, New York, New York, Bond Counsel to the Authority. Certain legal matters will be passed upon for the Authority by its counsel, Wadleigh, Starr & Peters PLLC, Manchester, New Hampshire; for the Institution by its counsel, Hinckley, Allen & Snyder LLP, Concord, New Hampshire; and for the Underwriter by its counsel, Ballard Spahr LLP, Philadelphia, Pennsylvania. It is expected that the Series 2017 Bonds will be available for delivery in definitive form through the facilities of DTC on or about June __, 2017. Dated: June __, 2017 This Preliminary Official Statement and the information contained herein are subject to change, completion or amendment without notice. The Bonds may not be sold nor may offers to buy be accepted prior to the time Official Statement to offers not be sold nor may The Bonds may This Preliminary completion or amendment without notice. contained herein are subject to change, Official Statement and the information solicitation any jurisdictionany sale of the Bonds in in which such offer, buy nor shall there be to Under no circumstances shall this Preliminary to sell or the solicitation of an offer Official Statement constitute an offer form. in final is delivered such jurisdiction. of any under the securities laws exemption prior qualification or to registration, be unlawful or sale would * Preliminary, subject to change. $93,600,000* NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY Revenue Bonds, Hillside Village Issue, Series 2017 $55,975,000* Series 2017A Bonds $_________ Serial Bonds Due Interest (July 1) Amount Rate Price Yield CUSIP† $________ ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ $________ ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ $________ ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ Series 2017B Entrance Fee Principal Redemption BondsSM $18,005,000* ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ Series 2017C Entrance Fee Principal Redemption BondsSM $17,620,000* ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ Series 2017D Federally Taxable Entrance Fee Principal Redemption BondsSM $2,000,000* ___% Term Bonds due July 1, 20__ Price___ Yield ___% CUSIP† _________ * Preliminary, subject to change. † CUSIP® is a registered trademark of the American Bankers Association (“ABA”). CUSIP data herein are provided by CUSIP Global Services, operated on behalf of the ABA by S&P Capital IQ, a division of McGraw-Hill Financial, Inc. The CUSIP numbers listed above are being provided solely for the convenience of Bondholders only at the time of issuance of the Series 2017 Bonds and none of the Authority, the Institution or the Underwriter makes any representation with respect to such numbers or undertakes any responsibility for their accuracy now or at any time in the future. The CUSIP number for a specific maturity is subject to being changed after the issuance of the Series 2017 Bonds as a result of various subsequent actions including, but not limited to, a refunding in whole or in part of such maturity or as a result of the procurement of secondary market portfolio insurance or other similar enhancement by investors that is applicable to all or a portion of certain maturities of the Series 2017 Bonds. The renderings on the following two pages are preliminary and subject to change. Meadow View Wyman Road View Front Entrance Woodside Building Site Plan Location Map [THIS PAGE INTENTIONALLY LEFT BLANK] SUMMARY STATEMENT The information set forth in this short statement is subject in all respects to more complete information set forth elsewhere in this Official Statement, which should be read in its entirety including the assumptions, methodology and rationale underlying Management’s forecast and the Feasibility Study appearing as Appendix C to this Official Statement. The Feasibility Study included herein as Appendix C should be read in its entirety. This Official Statement was prepared in connection with the initial offering of the Series 2017 Bonds described below.