CDFA will be the administrator of the Community Center Investment Program, which aims to provide $20 million in grant resources to eligible entities to support infrastructure improvements to community spaces across the state. This investment of federal American Rescue Plan Act resources was approved by the Governor and Executive Council on December 21 and was previously approved by the Joint Legislative Fiscal Committee.
The Community Center Investment Program aligns well with CDFA’s mission as the organization annually invests approximately $20 million of state and federal resources to support meaningful community economic development projects across New Hampshire. A few examples of CDFA’s recent investments in community infrastructure include:
- Expansion of Vaughn Community Services, an organization that provides quality childcare and access to food for individuals and families in and around North Conway;
- Building a new community center at an affordable housing development revitalized by Twin Pines Housing in Lebanon; and
- Supporting the renovation of a former church to create a Laconia location for the Boys and Girls Club of Central NH.
This new program is an opportunity to make deeper impacts within New Hampshire communities with one-time, strategic investments in critical infrastructure.
CDFA will continue to coordinate with the Governor’s Office for Relief and Recovery and stakeholders to develop a program that will have a long-term impact. More program information will be made available in 2023 on CDFA’s website (www.nhcdfa.org). Those interested in learning more about the Community Center Investment Program, and other CDFA resources, can sign up to receive updates by visiting https://nhcdfa.org/signup/.
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.
CDFA’s resources increase access to affordable childcare, help strengthen Main Streets, create healthy and safe affordable housing, increase energy efficiency, improve public facilities, and create new jobs. In the past few years, CDFA has also supported nonprofits, municipalities, businesses and microenterprises through the COVID-19 pandemic by deploying additional federal CARES Act resources into New Hampshire communities.
For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.