CDFA awards $5.54M in tax credits to 22 nonprofits, 2 in Lakes Region

CONCORD — The New Hampshire Community Development Finance Authority announced recently it has awarded $5.54 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.

Organizations across the state being awarded funds are helping to address some of New Hampshire’s most significant challenges. These include increasing access to quality child care and food security, creating safe, affordable housing opportunities, revitalizing downtowns to expand economic opportunities, and strengthening the organizations that create long-term impact in our communities. 

“This year’s Tax Credit and Capacity Building awardees are driving meaningful, transformative changes across New Hampshire,” said Katy Easterly Martey, executive director of CDFA. “These investments are strengthening New Hampshire communities by expanding access to essential services, creating housing stability, driving economic opportunity and building the local capacity and partnerships needed for long-term resilience and growth. Initiatives supported by CDFA’s Tax Credit and Capacity Building Programs demonstrate how strategic partnerships and community-driven solutions can foster vibrant, connected and thriving communities in the Granite State.”

The following organizations from the Lakes Region have been awarded tax credits from CDFA for their respective projects:

Community Action Partnership Belknap-Merrimack Counties (Laconia) — $375,000: The Community Action Partnership Belknap-Merrimack Counties, Inc. will use the tax credit funding to make improvements to its Laconia Senior Center, including upgrading the current kitchen into a fully functional commercial kitchen. Increased kitchen capacity and functionality will transform the center into a stronger, more dependable hub for physical, emotional and social well-being for seniors. The upgrades will increase the number of days meals are served on site, significantly expand the Meals-on-Wheels program for Belknap County and the City of Franklin, improve the usable programming space and create two additional jobs.

Kidworks Learning Center, Inc. (Meredith) — $100,000: Kidworks Learning Center will use tax credit funding to install a new exterior foundation drainage system and ADA ramp to address critical health and safety facility issues impacting their ability to serve children and families in the Lakes Region. The upgrades will improve access to quality, affordable child care by creating eight additional child care spaces, increasing preschool enrollment to more than 50 children, and improving the Center’s sustainability.

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% New Hampshire state tax credit against that contribution. The credit can be applied against the Business Profits Tax, Business Enterprise Tax, or Insurance Premium. Learn more about projects currently fundraising.

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