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$4.1 Million in community development block grants approved

The Community Development Finance Authority's Community Development Block Grant (CDBG) Advisory Committee recently approved $4,130,500 in CDBG funds for nine projects throughout New Hampshire.

Coos County was awarded $497,500 in CDBG Affordable Housing funds on behalf of the Dean Brook Cooperative, a 40-unit manufactured housing park cooperative in Northumberland. The monies will be used to improve the electrical and wastewater systems that currently pose health and safety issues. An estimated 75 percent of the households that benefit from this project will be low and moderate income.

The Town of Winchester was awarded $500,000 in CDBG Affordable Housing funds to rehab 30 apartments at the Wedgewood Duplexes in Winchester. Funding will be used to address deferred maintenance issues and make capital improvements such as new heating, roofing, plumbing and ventilation systems. Seventy percent of the apartments are occupied by extremely low income households and the other 30 percent are residents with very low incomes.

The City of Concord was awarded $450,000 in CDBG Affordable Housing funds on behalf of CATCH Neighborhood Housing. The funds will be used to construct a five-story building with 45 rental units. One hundred percent of residents will be low- to moderate-income. To support the emerging creative economy in downtown Concord, up to 50 percent of the units will be set aside for artists.

The Town of Wolfeboro was awarded $500,000 in CDBG Affordable Housing funds on behalf of Eastern Lakes Region Housing Coalition for Phase I of the Harriman Hill project. When complete, Phase I will offer 24 units of affordable, workforce rental housing. One hundred percent of the units will be occupied by low- and moderate-income households. The Town of Boscawen was awarded $500,000 in CDBG Housing and Public Facility funds to improve sewer systems on the west side of Route 3. The current sewer system combines wastewater, storm water and catch basins which is in violation of State and Federal sanitary regulations. The funds will be used to reduce excessive water infiltration and bring the system into compliance.

Grafton County was awarded $500,000 in CDBG Affordable Housing funds on behalf of Affordable Housing Education and Development, Inc. (AHEAD). The funding will be used to develop 22 new units of affordable housing and rehab three existing units in Littleton. This is the second phase of the Town & Country Development which will result in a total of 38 new units. When complete, they will be Littleton’s first ‘green’ development. One hundred percent of the units will be occupied by low- and moderate-income households. Rockingham County was awarded $191,000 in CDBG Public Facility funds on behalf of Cross Roads House Shelter in Portsmouth. The funds will be used to renovate and upgrade the Shelter’s family building to bring it up to current health, safety and building codes. One hundred percent of the beneficiaries are low- to moderate-income.

Cheshire County was awarded $500,000 in CDBG Public Facility funds to develop transitional housing for ex-offenders after they are released from the County jail. The project will house 12 individuals and provide supportive services. One hundred percent the units will be occupied by low- and moderate-income people.

The Town of Marlboro was awarded $492,000 in CDBG Economic Development funds on behalf of the Monadnock Economic Development Corporation to provide a loan to the Mountain Corporation. The loan would be used primarily to provide the Mountain Corporation with working capital to purchase equipment, supplies, raw materials and labor. As a result of the loan, the Mountain Corporation expects to hire 25 new workers at their locations in Keene and Marlborough. A minimum of 15 of the positions will be filled by low- and moderate-income people.

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CDFA, created by legislation in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers nearly $40 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant, Neighborhood Stabilization, and Energy Reduction Funds. CDFA supports the development of vibrant and resilient communities by providing resources for community development efforts. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.

For more information contact: Glenn Coppelman, 603-717-9117

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