Community Economic Development Capacity Building Program (SFY24)
CDFA launched its Community Economic Development Capacity Building Program to deepen its ability to resource communities that are both vibrant and equitable. The program awards Tax Credits to strengthen organizations in New Hampshire committed to community economic development and advancing initiatives that will support the needs of our communities. The program prioritizes projects that increase collaboration and resource organizations led by and supportive of priority populations and areas.
For many of these organizations, a smaller investment in planning, assessments, or pilot projects now will generate a big impact later. With these resources to strengthen capacity, nonprofits gain another foothold to advance their vision and improved network in the New Hampshire business community.
This year’s Community Economic Development Capacity Building Program awardees are generating impact across New Hampshire by building strong communities through art, empowering immigrant and refugee families to thrive, increasing access to locally sourced fresh food, advocating for the unhoused and supporting the leadership development of those with lived experience.. These creative, accessible programs – deeply rooted in their communities – will use the funding to get to the next step in their programming and growth. You can help them do so.
CDFA seeks your business’s investment in this program to support innovative ideas and organizations throughout the state. Your purchase of tax credits will help organizations to grow at a pivotal moment in their development. The results are stronger community-based nonprofit organizations and an ongoing pipeline of community economic development projects around New Hampshire.
For more information about this program, please contact Maureen Quinn, CDFA’s Tax Credit Manager at firstname.lastname@example.org or 603-717-9124.
2024 Community Economic Development Capacity Building Program Awardees
Androscoggin Food Co-op (AFC), will bring a community owned, full-service grocery store providing fresh, locally sourced healthy food to the Androscoggin Valley area centered around the communities of Berlin and Gorham. The Androscoggin Valley has a high poverty rate (12.6%) and much of the area is considered a food desert. Tax credit funds will support membership growth and outreach and strategies for sustained long term revenue growth.
The NH Coalition to End Homelessness will use tax credit funds to serve as the connective tissue between 10 already existing regional collaboratives by bringing them together to share region-specific and universal approaches to eradicating homelessness. Embedded in this approach is the Granite Leaders program, which gives leadership training to people with the lived experience of homelessness and a seat at the table of those deciding how to address homelessness.
Positive Street Art (PSA) inspires a passion for the urban arts and builds strong communities through educational workshops, community events, and artistic services. PSA’s space and programming serve BIPOC, immigrant, LGBTQ+ and other marginalized communities. PSA collaborative projects educate while creating vibrant, defining urban murals. Tax Credits will fund added staff to help facilitate new and sustained collaboration across organizations and stakeholders in Nashua and throughout the State.
Our Place NH was formed by parents of adult children with intellectual developmental disabilities to create an alternative to institutionalized housing for young adults. Our Place NH will develop a ten-unit building with the staffing needed to support adults with intellectual and developmental disabilities to live independently and gain connection to peers and community. This model follows the toolkit developed by Visions for Creative Housing Solutions in Enfield, Lebanon, and Hanover. Tax Credit funds will be used to hire staff, implement strategy, and launch a capital campaign to develop this building.
Victory Women of Vision’s (VWV) mission is to encourage, empower, and nurture immigrant and refugee (New American) families to thrive by embracing their cultural heritage as they build their new lives in the greater Manchester and Concord areas. Tax Credit funding will be used to partner with Manchester Community College to create and implement a two-year African Leadership certificate program in Human Services. These leaders will then support increased case management to VWV clients to strengthen New American families and their integration into the New Hampshire workforce and economy.
Youth Success Project (YSP), founded in 2020, is a statewide advocacy organization focused on ending youth homelessness in New Hampshire. From its inception, YSP was designed by and for the 15,000 youth and young adults experiencing homelessness or housing instability in the state. Tax Credit funding will pay for additional staff to maintain and increase partnerships with young people experiencing homelessness, LGBTQ+ youth, those who have grown up living in poverty, and youth-led and youth serving organizations while supporting YSP’s long term sustainability.
TAX CREDITS AVAILABLE
State Fiscal Year 2024 Tax Credits (July 1, 2023 – June 30, 2024): $365,000