Four local nonprofits received tax credits

CONCORD — The Community Development Finance Authority (CDFA) has awarded $5 million in tax credits to nonprofits throughout New Hampshire, including four in the Upper Valley. Overall, 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 downtowns, as well as supporting workforce development and the creation of affordable housing.

Here’s a quick overview of the projects in the Upper Valley:

West Claremont Center for Music and the Arts (Claremont) – $400,000: Tax credits will be used to redevelop a building in downtown Claremont to create a new facility that will provide a single, central location for West Claremont Center for Music and the Arts programs. The new space is planned to include performance and gallery spaces, an art studio, practice rooms, a screening room, recording facility and commercial kitchen. The project will provide strong economic benefit to the Claremont area through increased access to arts and culture, as well as enhance downtown revitalization.

New England Healing Sports Association (Newbury) – $200,000: Tax credits will support the renovation and expansion of the organization’s lodge on Mount Sunapee, which supports the participation of those with a wide range of disabilities in a variety of sports year-round. The project will provide strong community impact and increased access to services.

City of Lebanon (Lebanon) – $75,000: L5 Capacity Building funds will be used to enable the City of Lebanon to develop the business plan and platform needed to prepare for the launch of Lebanon Community Power, a community choice aggregation program. The municipal aggregation construct is an innovative, forward-looking program and provides substantial positive opportunity for meaningful and effective local and community engagement on critical energy issues and the development of innovative programs, products and services.

TLC Family Resource Center (Claremont) – $33,271: L5 Capacity Building funds will support the TLC Family Resource Center in a strategic planning process to evaluate its programs and services, as well as enhance collaboration with area organizations.