CDFA News
CDFA Awards $2.76 Million to Six Communities throughout New Hampshire for Affordable Housing and Public Facilities Projects
2016-04-28

(Concord, N.H.) – The New Hampshire Community Development Finance Authority (CDFA) announced today it has awarded $2.76 million in Community Development Block Grant (CDBG) funds to New Hampshire communities. The funds will support development projects in six communities throughout the state including necessary improvements to affordable housing structures, energy efficiency upgrades and infrastructure projects. 
 

“Community Development Block Grant funds are a vital resource for New Hampshire communities to deliver affordable, quality services to hard working individuals and families throughout the state,” commented Taylor Caswell, Executive Director, CDFA. “The local investments in affordable housing, energy efficiency and infrastructure supported by these funds will make a significant impact on residents in each of these communities.” 
 
Projects approved by CDFA’s Community Development Advisory Board include:
  • Town of Farmington – Community Action Partnership (CAP) of Strafford County: With $500,000 in CDBG funds, CAP of Strafford County will make critical renovations at the Farmington Childcare Center. Funds will support interior and exterior improvements, including energy efficiency upgrades, which will enable the childcare center to increase its capacity while maintaining the ability to serve low- and moderate-income families. 
  • City of Keene – MAPS Counseling Services: A grant of $455,000 will enable MAPS Counseling Services, the largest provider of out-patient mental health services in Cheshire County, to relocate. The new location will provide more space to accommodate staff, ADA access, as well as improved privacy and security for clients. 
  • County of Cheshire – Keene Housing: A $500,000 grant will help finance a $750,000 capital improvement project at Riverbend Apartments located in Swanzey. Interior and exterior upgrades to the 24-unit family development will extend the life of the property which provides quality, affordable housing for the region.  
  • Town of Exeter – Exeter Housing Authority: The Exeter Housing Authority will receive $500,000 for energy improvements at four affordable housing complexes. The proposed improvements will provide an annual savings of more than $30,000 across the four properties, ultimately delivering cost savings to low- and moderate-income tenants. 
  • City of Laconia – Laconia Housing Authority: With $482,480 in grant funds, the Laconia Housing Authority will make energy improvements to the Scott & Williams property. The property, which includes the 60-unit Normandin Square Apartments, provides affordable housing and health services to a majority of low- and moderate-income individuals and families. The investment in energy efficiency upgrades is expected to deliver an annual dollar savings of $67,000 in electricity and natural gas costs.
  • Town of Belmont – Solar Village Association: Infrastructure improvements will be made with the $327,373 in CDBG funds received by the Belmont Solar Village Association. The neighborhood of 48 manufactured homes, 80 percent of which are occupied by low- and moderate-income households, will invest in water and sewer infrastructure upgrades to deliver improved services to its residents. 
The grants await final approval from the Executive Council.
 
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
 
About CDFA
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, 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.
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CDFA Events
2017-03-28
The Executive Committee will meet Tuesday
2017-04-04
The Credit Committee will meet Tuesday
2017-04-06
The Community Development Advisory Committee will meet Thursday
2017-04-11
The CDFA Board of Directors will meet Tuesday
2017-04-11
The Finance Committee will meet Tuesday