(Concord and Littleton N.H.) – The New Hampshire Community Development Finance Authority (CDFA) announced today it has awarded $500,000 in Community Development Block Grant (CDBG) funds to the Town of Littleton to support the upgrade of its aging sewer and storm infrastructure in the River District. The distribution of funds was approved by Governor Hassan and the Executive Council on March 23. The investment is a key component in the community’s larger effort over the past several years to revitalize the River District through a variety of improvements.
The funds will assist Littleton in resolving substandard wastewater conditions, improve living conditions for area residents and allow the capacity to expand employment opportunities along the towns’ riverfront. The project is estimated to cost $1,055,000 with matching funds in the amount of $555,000 to be provided by Littleton as a result of town warrant articles recently passed by voters, as well as resources from the local municipal sewer and paving funds.
“Investing in the restoration of Littleton’s aging infrastructure is essential to providing necessary services to area residents while driving revitalization of the River District, and ultimately economic development in the surrounding area,” commented Taylor Caswell, Executive Director, CDFA. “Achieving these goals requires a collaborative approach, as highlighted by the combination of federal and local funds to support the initiative, and CDFA is proud to support these efforts.”
"Glad to support a most important funding piece for the Littleton Riverwalk District in order to improve critical economic development infrastructure,” commented Executive Councilor Joe Kenney. “I congratulate local leaders and the Community Development Finance Authority for making this proposal become a reality."
“The River District project is vitally important to the North Country, its economy and our people,” added Senator Jeff Woodburn.
“This grant is an important piece to the revitalization of the River District,” stated Representative Brad Bailey. “Littleton has long been known throughout the state as a forward-thinking community with leaders who are more than willing to do the hard work to make their town a better place for both residents and visitors. We are all appreciative of the efforts of Mr. Caswell and his team.”
“The $500,000 is an important step forward in Littleton's redevelopment project, which will fix critical infrastructure and ultimately create economic development opportunities,” stated Representative Erin Hennessey.
The Community Development Block Grant program is a federal initiative which provides financial assistance to municipalities for projects that benefit low-to-moderate income residents. Administered in New Hampshire by CDFA, awards are provided for affordable housing, public services, job creation and workforce training initiatives, as well as planning and emergency relief.
To learn more about CDFA, its impact on New Hampshire communities, and available funding resources, visit www.nhcdfa.org.
CDFA is a statewide nonprofit public authority focused on maximizing the value and impact of community and economic development programs in New Hampshire through its own programs and those of its partners through the scaling and leveraging of its own financial and technical resources. CDFA’s assets under management exceed $25 million annually. Those resources include competitive deployment of grants, direct debt, and equity; highlighted by state tax credits, federal Community Development Block Grant resources, Neighborhood Stabilization, and multiple clean energy and efficiency finance products via the CDFA Clean Energy Fund. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
The Executive Committee will meet Tuesday
The Credit Committee will meet Tuesday
The Community Development Advisory Committee will meet Thursday
The CDFA Board of Directors will meet Tuesday
The Finance Committee will meet Tuesday