Nashua Orgs To Receive Nearly $1M In NH CDFA Tax Credits

NASHUA, NH — The New Hampshire Community Development Finance Authority has awarded nearly $1 million in tax credits for project in Nashua. The $987,500 in tax credits went to the Boys & Girls Club of Greater Nashua, Nashua Soup Kitchen and Shelter, Inc., and the city. The credits were part of a package of $5 million in funds awarded to projects around the state.

"Our tax credit awardees are leading collaborative, community-based projects to address critical needs in the Granite State that bring together public and private resources to solving local challenges," stated Katy Easterly Martey, the executive director of the CDFA. "The diversity of projects funded speaks to the many ways our partners are driving forces behind making New Hampshire communities strong, resilient, vibrant places."

The Boys & Girls Club will receive $120,000 and will use the funds to renovate its indoor pool facility and locker rooms. The project, the org noted, provided a strong community and economic benefit by rehabilitating an important community resource that provides the local community with a safe, indoor recreation space for the org's children.

The city will receive $367,500 to support the development of the Nashua Performing Arts Center, a 750-seat, flexible, multi-function performing arts center to anchor an emerging arts and entertainment district. The project renovates a vacant building, providing a strong economic benefit to the local community through downtown redevelopment, access to arts and culture, and job creation, the CDFA stated.

The soup kitchen received one of the largest donations award this year – $500,000 – to renovate the elementary school adjacent to St. Patrick’s Church downtown. The CDFA said that the new facility will provide strong community benefit through increased access to critical services, including a homeless shelter with 24 units for single women and families, supportive services, and 11 new units of permanent housing.

For more information about CDFA and its programs, visit www.nhcdfa.org or call 603-226-2170.