Bank of New Hampshire purchased $20,000 in New Hampshire CDFA tax credits to support the redevelopment of the Gale School at 60 Concord Street in Belmont Village. The project will transform the historic schoolhouse into a community facility that will include on the first floor a new early learning center operated by the Boys & Girls Club.
“Our region has an immense need for high quality child care so more people can work and our economy can continue to grow,” said Tiffany Baert, vice president, marketing officer for Bank of New Hampshire. “The Gale School project is a great combination of historic preservation and economic development. We are excited to be part of it.”
“We have a lot of families on our waiting list for child care,” said Chris Emond, president & CEO of the Boys & Girls Club of Central New Hampshire. “The Gale School project presents a great opportunity for us to expand this critical service needed throughout the Lakes Region.”
Lakes Region Community Developers is the developer for the Gale School project. LRCD and the Boys & Girls Club are partnering to sell the tax credits to local businesses. They have $516,000 left to sell in order to move ahead with construction, which could start as early as next summer if fundraising is successful. Businesses interested in purchasing tax credits for the Gale School project should contact Carmen Lorentz at LRCD by calling 603-524-0747, ext 110.