Funds to Support Permanent Supportive Housing, Affordable Childcare and Community Revitalization
(Concord, N.H.) – The New Hampshire Community Development Finance Authority (CDFA) announced today it has awarded $4.5 million in tax credits to projects throughout New Hampshire. The funds will have a significant impact on initiatives that advance local community economic development goals and build capacity within New Hampshire’s nonprofit sector.
Projects receiving tax credits are: providing increased access to critical services, housing and quality, affordable childcare; revitalizing downtowns and historic structures in rural communities; and supporting community economic development efforts.
“Organizations awarded Tax Credit resources have demonstrated a strong commitment to their communities,” commented Katy Easterly Martey, Executive Director, CDFA. “These community builders are driving positive, long-lasting change in New Hampshire.”
Easterly Martey continued, “Through public-private partnerships, this year’s awardees are addressing critical needs within our communities like access to permanent supportive housing; creating new economic opportunities through affordable, quality childcare; and revitalizing downtowns that serve as regional economic drivers in rural areas of our state.”
The following organizations have been awarded tax credits from CDFA for their respective projects.
- Colebrook Kiwanis Foundation (Colebrook) – $50,000: The Colebrook Kiwanis Foundation will use tax credit resources to rehabilitate the South Main Street Park in downtown Colebrook, which is a central gathering space for the community and visitors. The rehabilitation of open and accessible green space complements the community’s downtown revitalization efforts currently underway.
- Concord Coalition to End Homelessness (Concord) – $625,000: The Concord Coalition to End Homelessness will leverage tax credit resources to develop a commercial property on South State Street in Concord into eight one-bedroom apartment units that will provide permanent supportive housing with rental assistance for individuals experiencing homelessness. The organization will provide all tenants with on-going case management.
- Granite State Children’s Alliance (Manchester) – $750,000: Tax credits will help support the renovation of the Hallsville School building in Manchester into a multi-use facility. The Granite State Children’s Alliance will lead these efforts in partnership with Southern New Hampshire Services and the City of Manchester. The project includes the development of a regional Child Advocacy Center within the building, as well as statewide administrative offices for the Granite State Children’s Alliance. In addition, Southern New Hampshire Services will develop twenty apartments for income-eligible seniors and a Head Start classroom serving income-eligible families. The City of Manchester will continue to provide community use of the gymnasium.
- Granite VNA (Laconia) – $187,500: Tax credit resources will help support the expansion of Granite VNA’s Community Health Programming into the Lakes Region by renovating and expanding its current location in Laconia. The organization will use the resulting expanded and improved community space to increase access to community health programming.
- Lebanon Opera House Improvement Corporation (Lebanon) – $350,000: Lebanon Opera House will use tax credits to purchase energy-efficient and accessible theatrical lighting equipment, as well as transportable equipment that will expand community access to the arts. The new equipment will expand programming available in-house, as well as support the organization’s Light Up Our Community Initiative, an innovative model for bringing the arts to public spaces with the goals of diminishing blight, building community connections, and providing barrier-free access to the arts.
- Lisbon Area Historical Society (Lisbon) – $322,500: The Lisbon Area Historical Society will leverage tax credits to renovate the former Lisbon Congregational Church Parish House and create an accessible, permanent location for its headquarters and local area history and research museum. The community facility will be a part of a history campus that connects with the Town of Lisbon’s restored railroad station and the local rail trail, and serve as a driver for the regional rural economy.
- Monadnock Economic Development Corporation (Keene) – $500,000: Tax credit resources will support the Bringing It Home Project, a new initiative to improve childcare accessibility by creating and supporting home-based providers in the Monadnock Region. The program aims to create at least 10 licensed, home-based providers by 2025, adding an additional 60 to120 childcare slots and creating 25 new jobs. Tax credits will be leveraged for facility start-up expenses in the form of home improvements required for licensure and health safety upgrades.
- SEE Science Center, Inc. (Manchester) – $150,000: The SEE Science Center will use tax credits to build and install the Millyard Design Zone: Cities Reinvented exhibition around their historic LEGO model of the Amoskeag Millyard. The suite of new interactive exhibits will engage visitors in the STEM and 21st-century skills relevant to local urban planning issues including city planning, climate change, manufacturing, and building and engineering.
- The Children’s Museum of New Hampshire (Dover) – $175,000: Tax credits will support the expansion of the Children’s Museum of New Hampshire, enabling the organization to better serve families of young children and their evolving needs. The project will focus on enriching play opportunities to build social and emotional developmental skills for young children so they are prepared to enter kindergarten. The museum is an economic driver for downtown Dover and is currently serving as a community-based hub for families that lack access to child care due to the statewide crisis.
CDFA also awarded tax credit funds for its Community Economic Development Capacity Building Program. New Hampshire needs a strong, effective nonprofit network with the capacity to support our communities and envision, create, and implement broad-based community economic development projects. The awarded Capacity Building resources will support the following organizations in advancing their missions and serving the needs of New Hampshire communities.
CDFA awarded tax credit funds to support capacity building for the following organizations:
- 1269 Cafe Ministries (Manchester) – $150,000: 1269 Café Ministries will leverage capacity building resources to deepen its response to the needs of chronically unhoused individuals in Manchester.
- Androscoggin Community Cooperative (Berlin) – $31,250: Capacity building resources will support the Androscoggin Food Co-op on its mission to create a community owned cooperative market with accessible, healthy food options for all in the Androscoggin Valley.
- Coos Economic Development Corporation (Lancaster) – $150,000: Coos Economic Development Corporation and Grafton Regional Development Corporation will use capacity building resources to advance a collaborative approach to better reaching underserved small businesses and entrepreneurs within their communities.
- Mountain Top Music Center (Conway) – $150,000: Mountain Top Music Center will leverage capacity building resource to further their mission of enriching lives and building community by providing inspiring music education and by offering performance and listening opportunities throughout the area.
- New Hampshire Preservation Alliance (Concord / Statewide) – $90,000: Capacity building resources will help the New Hampshire Preservation Alliance in advancing strategies and workforce programming to support its mission of helping people preserve historic buildings, landscapes, and communities across the state.
- NH Coalition to End Homelessness (Manchester / Statewide) – $150,000: The NH Coalition to End Homelessness’ will leverage capacity building resources to support its focus on lasting solutions to ending homelessness through research, education, and advocacy.
- Our Place, Inc. (Dover) – $150,000: Capacity building resources will support Our Place in advancing its mission to provide residential options, services and support designed to meet the needs of adults with developmental disabilities.
- Plymouth Area Renewable Energy Initiative (Plymouth) – $150,000: The Plymouth Area Renewable Energy Initiative will leverage capacity building resources to meet the growing demand for community-led energy efficiency programs as well as food security in the region.
- Positive Street Art (Nashua) – $96,740.95: Capacity building resources will help advance the mission of Positive Street Art to inspire a passion for the urban arts in a productive way and to build strong communities through educational workshops, community events, and artistic services.
- Victory Women of Vision (Manchester) – $150,000: Victory Women of Vision will use capacity building resources to further its mission to encourage, empower, and nurture immigrant and refugee families to thrive by embracing their cultural heritage as they build their new lives in the greater Manchester and Concord area.
- Youth Success Project (Statewide) – $150,000: The Youth Success Project will use capacity building resources to advance its mission of creating an equitable platform for youth voice in decision making spaces through collective power and advocacy work led by those who have been most marginalized. The organization is focused on ending youth homelessness in New Hampshire.
Grants made to organizations are in the form of tax equity. New Hampshire businesses support the selected projects by purchasing the tax credits, resulting in the nonprofit receiving a donation and the company receiving a 75 percent New Hampshire state tax credit against that contribution. The credit can be applied against the Business Profits Tax, Business Enterprise Tax, or Insurance Premium.
To learn more about CDFA, its impact on New Hampshire communities, and available funding resources, visit www.nhcdfa.org.
About the Community Development Finance Authority
The Community Development Finance Authority (CDFA) is a statewide nonprofit public authority focused on maximizing the value and impact of community development, economic development, and clean energy initiatives throughout New Hampshire. The organization leverages a variety of financial and technical resources, including the competitive deployment of grant, loan, and equity programs. Those resources include New Hampshire state tax credits, federal Community Development Block Grant resources and the CDFA Clean Energy Fund. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
Contact: Melissa Latham, CDFA / firstname.lastname@example.org / (603) 717-9107