Community Development Finance Authority

A private-public partnership has awarded $3.2 million in community block grants to several New Hampshire communities for infrastructure and housing projects.

The funding from the New Hampshire Community Development Finance Authority will be used to connect Derry housing development to the town wastewater system, construct more than 40 housing units in Exeter, renovate a child advocacy center in Belknap County and build a drug and alcohol treatment center in Bethlehem. Nearly $750,000 will go to other economic development projects throughout the state.

Todd Bookman/NHPR

Sixteen New Hampshire nonprofits are getting a financial boost, thanks to a unique public-private partnership.

The NH Community Development Finance Authority on Tuesday announced this year’s recipients of the state tax credit program, worth more than $5.2 million.

“Each of this year’s tax credit awardees demonstrate a strong commitment to serving New Hampshire through a wide range of initiatives vital to the success of our communities,”said Taylor Caswell, Executive Director of the CDFA, during a reception in Concord.

Lakes Region Realty Group

A program that distributes grants to New Hampshire communities says it's delaying some awards due to congressional inaction in Washington.

The New Hampshire Community Development Finance Authority uses a mix of state and federal money to support local projects, which range from new municipal septic systems in the town of Derry to substance abuse recovery centers in Manchester. A key source of funds for this program is the United States Department of Housing and Urban Development, or HUD, which in years past has contributed between $8-9 million to the program.

$5.5 Million in Tax Credits Goes to N.H. Nonprofits

Jul 28, 2015
Jacob Carozza/NHPR

Sixteen New Hampshire nonprofits will receive funding in the form of tax credits from the Community Development Finance Authority. The tax credits total $5.5 million.

$750,000 In Grants: Help For Micro Businesses

May 14, 2015
Chris Jensen for NHPR

  Grants totaling about $750,000 to help small businesses in most of the state have been approved by the New Hampshire Community Development Finance Authority.

The money will go to seven economic development organizations.

It will be used to help micro-businesses get the technical assistance they need to either start or grow.

Typically a micro business has no more than five employees.

The businesses must have low or moderate-income owners.

The New Hampshire Community Development Finance Authority has awarded grants to three North Country towns – Stewartstown, Errol and Pittsburg – as well as Coos County and the city of Berlin.

And, the total of $2 and one-quarter million dollars is the most the North Country has received since the program began roughly thirty years ago, says Kevin Flynn, an official with the agency.

The money will go for work including repairs to water systems and low-income housing.

The grant money comes from the US Department of Housing and Urban Development.