NH CDFA Awards $5 Million In Tax Credits To Nonprofits

CONCORD, NH — The New Hampshire Community Development Finance Authority has awarded $5 million in tax credits to projects throughout the state.

The tax credits were announced Tuesday at the Kimball-Jenkins Estate in Concord. The credits, the org said, will be used to advance local community economic development goals, capacity building for New Hampshire's nonprofits, and support for economic development across the state.

Katy Easterly Martey, the executive director of the NH CDFA, said the recipients had demonstrated "a strong commitment to their communities," during difficult and uncertain times.

"These community builders are driving positive, long-lasting change within our communities," she said. "Through public-private partnerships, this year's awardees are addressing critical needs within our communities like access to a broad base of housing opportunities and supportive services; creating new economic opportunities through affordable, quality childcare and job creation; and revitalizing neighborhoods and downtowns."

Organizations receiving the tax credits in Patch communities include:

Family Promise of Southern New Hampshire of Nashua: $400,000. The funds will support the expansion of the organization's transitional housing program, which provides residency and case management for families temporarily experiencing homeless. The project includes the addition of 16 family suites and demonstrates a strong community and economic benefit by increasing access to transitional housing and services.

Friends of the Concord-Lake Sunapee Rail Trail: $200,000: The tax credits will support the completion of a 2.5-mile section of rail trail in Concord, providing strong community benefit by increasing access to employment, transportation and outdoor recreation opportunities. When completed, the trail will stretch from Horseshoe Pond in Concord to Sunapee Harbor in Newbury.

Kimball Jenkins of Concord: $325,000: The organization will leverage tax credits to improve the accessibility and efficiency of the historic facilities — which serves as an important cultural and economic hub for artists and events within the region. The project demonstrates strong community and economic benefit by increasing visitors to the facility and improving economic opportunities for artists.

The Music Hall of Portsmouth: $63,000. The organization will leverage funds to install a new, state-of-the-art lighting system. The Music Hall is an important community hub and economic driver within the region. The project demonstrates strong community and economic benefit by increasing access to arts and improving energy efficiency.

Family Promise of Southern New Hampshire of Nashua: $50,000. The funds will be used to hire a diversion program case manager. With this position in place, Family Promise will be able to successfully divert more individuals and families into more stable situations by offering financial assistance, as well as case management, to get them through their crisis.

Other organizations receiving grants include Sullivan County, Hope on Haven Hill in Rochester, Hundred Nights Inc. of Keene, Lakes Region Community Developers of Belmont, Mascoma Valley Preservation of Grafton, Mid-State Health Center of Plymouth, Palace Theatre Trust of Manchester, Southwestern Community Services of Keene, the town of Lancaster, Waypoint of Rochester, Ascentria Care Alliance, Granite State Adaptive of Tuftonboro, Hannah Grimes Center Inc. of Keene, The Homeless Center for Strafford County in Rochester, and YWCA New Hampshire in Manchester.

To learn more about CDFA, its impact on New Hampshire communities, and available funding resources, visit nhcdfa.org.

Got a news tip? Send it to tony.schinella@patch.com. View videos on Tony Schinella's YouTube.com channel or Rumble.com channel.