Meredith Village Savings Bank recently purchased $27,500 in tax credits from Laconia Area Community Land Trust (LACLT) through the New Hampshire Community Development Finance Authority’s (CDFA) tax credit program. The Bank’s investment will support LACLT’s operating budget to continue its mission of assisting low and moderate income households achieve economic self-sufficiency through the development of permanently affordable housing opportunities and support programs.
“We’re so thankful for the generous contribution of Meredith Village Savings Bank,” said Linda Harvey, Executive Director of Laconia Area Community Land Trust. “Contributions like this one make it possible for us to continue the work of allowing hard-working families of modest means to find and live in affordable, quality homes they can be proud of.”
“Meredith Village Savings Bank and its employees are proud to support LACLT,” said Rick Wyman, President of Meredith Village Savings Bank. “We appreciate the opportunity to support its mission of providing safe and affordable housing and the many life services that help families grow and prosper.”
Laconia Area Community Land Trust is a member of NeighborWorks® America, and is supported in part by membership donations and the Granite United Way. Its mission is to assist low and moderate income families achieve economic self-sufficiency through the development of permanently affordable housing opportunities and associated support programs. For more information about LACLT visit www.laclt.org.
CDFA tax credits allow businesses to fund qualifying economic or community development projects in exchange for a tax credit that can be applied against state business tax payments. For more information about the CDFA, visit nhcdfa.org.
Photo caption (left to right): Jason Hicks, Chief Financial Officer, New Hampshire Mutual Bancorp, and LACLT Board of Trustees Chair, Stuart LaSalle, Finance Director and Asset Manager, LACLT.