MVSB business team members present a donation to Home For All in Portsmouth. From left, Julie Clement, MVSB VP Business Development & Small Business Lender; Kara Anne Rodenhizer, Home for All Coalition Executive Director; Angela Salb, MVSB VP Commercial Lending Team Leader; Emily Peters, Granite United Way Corporate Engagement Director, Greater Seacoast Region; and Jim Carrigan, MVSB RVP.
Home for All is a Seacoast-based nonprofit that envisions communities where everyone has access to safe, stable and affordable housing. The organization was recently awarded capacity-building tax credits from the New Hampshire Community Development Finance Authority (CDFA) to expand its capacity and advance coordinated housing solutions across the Seacoast amid growing challenges. MVSB purchased $10,000 to support their efforts.
“The continued support from local partners like MVSB helps us focus on the critical work of addressing housing challenges in the Seacoast,” said Kara Anne Rodenhizer, Home for All Coalition Executive Director. “With these resources, we can strengthen our team, grow our capacity, and work alongside community partners to create meaningful change.”
“Access to safe and affordable housing is essential for the health and vitality of our communities,” said Jim Carrigan, MVSB Regional Vice President. “We are proud to support Home For All as they work to expand opportunities and create lasting solutions for individuals and families in the Seacoast. Their efforts make a real difference, and we’re honored to be a partner in that mission.”
Home for All Coalition works to collaboratively address housing challenges in the Seacoast. Go to homeforall-seacoast.org to learn more.
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. The tax credits are administered by the New Hampshire CDFA. Any business with operations in New Hampshire that contributes to a CDFA tax credit project receives a New Hampshire state tax credit worth 75 percent of their contribution. The credit can be used over a period of five years to reduce the business’ state tax liability (business profits, business enterprise, or insurance premium taxes). The tax credit program allows New Hampshire businesses to use their state tax dollars to support local projects that they care about. CDFA reviews many project applications each year, and awards tax credits to those they determine are feasible and will make the biggest impact on economic development in the state. Visit nhcdfa.org for more information.
