CDFA Awards $5 Million in Tax Credits to New Hampshire Nonprofits

City of Franklin in Partnership with Mill City Park Receives $500,000 in CDFA Tax Credits 

July 19, 2019 • Saved under Business
Press Release
“The City is thrilled to partner with CDFA once again. This project will be the catalyst for the City’s reinvention to a recreation destination by bringing in a new recreation venue and industry that will not only benefit the City but the region and State as well.”, states Judie Milner, City Manager.

The New Hampshire Community Development Finance Authority (CDFA) announced today it has awarded $5 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,capacity building for the New Hampshire nonprofit sector and support for economic development across the state.

Projects receiving tax credits are providing increased access to critical services, revitalizing downtown areas as well as supporting workforce development and the creation of affordable housing.  “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 areas commented Katy Easterly Martey, Executive Director, 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 City of Franklin received $500,000 in Tax Credits, which will support the development of a whitewater park along the Winnipesaukee River in Franklin. The project will be a driver for the downtown revitalization of Franklin by creating a tourism destination and increased economic activity, including the creation of new jobs and spurring local investments.

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

About the Community Development Finance Authority
The Community Development Finance Authority (CDFA) is a statewide nonprofit public authority
focused on maximizing the value and impact of community development, economic development and clean energy initiatives throughout New Hampshire. The organization leverages a variety of financial and technical resources, including the competitive deployment of grant, loan and programs.

Those resources include New Hampshire state tax credits, federal Community Development Block Grant resources and the CDFA Clean Energy Fund. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
Contact:
Melissa Latham, CDFA
mlatham@nullnhcdfa.org
(603) 717-9107