From left, David McMahon, MVSB Branch & Business Development Manager, Andrea Pickett, Portsmouth Housing Authority Director of Outreach & Engagement, and Seth Parker, MVSB Universal Banker.
Portsmouth Housing Authority (PHA) is utilizing awarded tax credits from the New Hampshire Community Development Finance Authority (CDFA) to move forward with the Sherburne School Workforce Housing Project, a development that will create 90 permanently affordable housing units for local families and workers. MVSB (Meredith Village Savings Bank) is proud to purchase $10,000 in tax credits to help bring the project to life.
Once complete, the project will provide homes for more than 200 residents, including members of the local workforce and families in need of stable, affordable housing.
“The Sherburne School project represents a major step forward in addressing the housing challenges faced by working families in our community,” said Craig Welch, Executive Director of the Portsmouth Housing Authority. “For these projects to succeed, it’s essential for the businesses like MVSB to step up and support workforce housing. We are grateful for their leadership and financial support to assure our workforce thrive and grow right here in our community.”
“Access to affordable housing is essential for the health and sustainability of our communities,” said David McMahon, MVSB Branch & Business Development Manager. “We’re proud to support the Portsmouth Housing Authority’s efforts to provide quality housing options that help local families and workers live and grow right here in the Seacoast.”
Portsmouth Housing Authority develops and manages quality affordable housing and provides rental assistance to families, seniors, and people with disabilities in a manner that promotes respect for residents and builds strong neighborhoods. Learn more at porthousing.org.
