Franklin Savings Bank purchased $50,000 in New Hampshire business tax credits to support the redevelopment of the Gale School in Belmont.

"We are thrilled to support the redevelopment of the Gale School," said Ron Magoon, President of Franklin Savings Bank. "The family supports that will be offered in the renovated space are critical to the health of our local economy. We also love the collaboration between these three long-standing organizations that serve our region so well."

The project will transform the dilapidated historic building into a vibrant community facility hosting a child care center operated by the Boys & Girls Club of Central NH and a program center operated by Lakes Region Community Services (LRCS).

Construction could begin as early as next year if fundraising is successful. LRCD must sell $574,000 more in tax credits to move ahead with construction.

"This project is very exciting," said Carmen Lorentz, LRCD's Executive Director. "We are so grateful to Franklin Savings Bank for their support. Lots of people have worked incredibly hard over decades to save the Gale School and bring it back to life to serve the community again. It's humbling to be part of this effort."

To learn more about how your business can support this project, please visit www.lrcommunitydevelopers.org/gale-school-fundraising.html or contact Carmen Lorentz at (603) 524-0747 ext 110 or CLorentz@LRcommunitydevelopers.org Thank you!

Congressman Chris Pappas came to Harriman Hill in Wolfeboro on August 4th. He was visiting Wolfeboro while on recess and made several stops to see infrastructure and economic development projects in town. His office specifically asked for a tour of Harriman Hill so he could see some workforce housing in person.

LRCD launched its Adult Dental Assistance program approximately one year ago. To date we have given out $7,137.25 in dental grants to 16 of our residents.

"I would describe it as a livesaver," said a recent recipient of a dental grant when asked about the program. "I have gained more confidence back. I have been in recovery for over 3 years now from substance use disorder and I had many failed attempts with getting my teeth properly cared for, it always cost way more than I could afford. Thanks to LRCD I have my smile back!"

The Dental Assistance Program provides an annual dental resource guide, executes an annual campaign about NH Medicaid's dental options, and helps residents access the dental care they need by assisting them gain access to dental programs, finding a dentist, and providing financial assistance. Grants cover half of the cost of the dental procedure up to $1,000, the average grant is $420.

An employee of a local dental provider recently reached out to LRCD stating that she was amazed that someone took an interest in addressing this need and went about finding a way to help. At first she the thought the resident was making it up because she "couldn't imagine a landlord helping with dental costs!".

This program would not be possible without the generous funding from NeighborWorks America, Northeast Delta Dental, and Speare Memorial Hospital - Community Health Grant.

The community gardens at our various properties are thriving. Residents are working in the gardens and enjoying the fruits or vegetables of their labor. One property even has a community garden day each week and they share the produce with other residents.

In October 2020, LRCD formed a Race Equity Diversity inclusion or REDI Committee. The Committee is comprised of LRCD staff, board members, and an LRCD resident. As a committee we meet monthly to identify tasks and changes that can be made to combat systemic racism and promote race equity, diversity, and inclusion.

A task recently taken on by the committee was to provide more resources on race equity, diversity, and inclusion to LRCD residents. To accomplish this the REDI Committee created additional pages on our website where residents can go to access a variety of resources on the topics of Raising Multi-Racial Children, BIPOC (Black, Indigenous, & People of Color), LGBTQ+, Racial Equity, Diversity & Inclusion, and Disabilities. Resources include local service providers, books, films, podcasts, and more. Resources will continue to be added and updated as we continue to learn. To see the resources collected visit www.lrcommunitydevelopers.org/residentresources.html

The New Hampshire Council on Housing Stability was established by Governor Sununu in November 2020. The Council was tasked with providing short- and long-term recommendations to address the housing crisis in New Hampshire. The Council just released its first strategic plan for the years 2021-2024, which includes an overarching goal of increasing the number of housing units in New Hampshire by 13,500 by 2024. You can read the strategic plan here.

The 2021 state legislative session was a mixed bag for housing and community development issues. On the one hand, we are celebrating a record $35 million investment into the state's Affordable Housing Fund in the 2022-23 state budget. This is, by far, the most state funding dedicated to housing since the Fund's inception in 1988. Investing state funds in housing is critical to meet local needs that federal housing programs do not address, particularly the development of affordable starter homes, but also to stretch federal funds even further to produce more rental units. We look forward to learning more details about how New Hampshire Housing plans to use this increased state funding to spur development of new homes for New Hampshire residents.

While new state funding is excellent news, unfortunately there were several policy proposals that housing advocates worked on for the past few years which were not approved. The "Housing Toolbox Bill" (HB 586) would have enabled municipalities to use Tax Increment Financing (TIF) to build infrastructure for residential development, which could have been a game changer for communities who want more housing but have limited infrastructure. Here in the Lakes Region, the lack of water & sewer infrastructure is one of the biggest constraints in developing homes for essential workers.

In addition, the Toolbox bill would have improved the predictability of the local approvals process and established a new "Housing Champion" certification program that provides financial incentives for towns and cities to facilitate the development of workforce housing. The Toolbox bill was reported out of committee with an Ought to Pass recommendation, but it encountered vocal opposition from a small contingent of representatives during floor debate in the House. It was tabled and ultimately not reconsidered before the legislative session ended.

The Gale School Redevelopment project will transform the dilapidated School in Belmont into a vibrant community facility hosting a childcare center operated by the Boys & Girls Club of Central NH and a program center operated by Lakes Region Community Services (LRCS). The childcare center will add 60 new childcare slots to the Lakes Region. The LRCS Program Center will serve over 100 families.

To learn more about how your business can support this project, please visit www.lrcommunitydevelopers.org/gale-school-fundraising.html or contact Carmen Lorentz at (603) 524-0747 ext 110 or CLorentz@LRCommunityDevelopers.org Thank you!

We were pleased to complete our landscaping plans at Compass House in Laconia this spring. The pandemic delayed this final finishing touch last year. Volunteers from the Belknap County Recovery Court, overseen by LRCD staff, planted trees, bushes, and flower beds, and build raised beds for vegetables. The women in recovery who live at Compass House can now enjoy their beautiful front yard!

It may seem like it is always raining lately but the Lakes Region is still in a moderate drought. You can find the NH Drought Map at droughtmonitor.unl.edu/CurrentMap/StateDroughtMonitor.aspx?NH=. While in a moderate drought wildfires can increase, wildlife is impacted, and lake levels can be below normal capacity.

Visit www.ready.gov/drought for some great tips on what you can do to conserve water.

The New Hampshire Community Development Finance Authority (CDFA) announced that it has awarded $750,000 in tax credits to our Gale School Redevelopment Project, which will transform the historic property into a vibrant community facility housing a childcare center operated by the Boys & Girls Club of Central NH and a program center operated by Lakes Region Community Services.

This award is in the form of tax equity. New Hampshire businesses can support our project by purchasing the tax credits - we receive a donation for the Gale School projects and the company receives a state tax credit worth 75 percent of their contribution. The credit can be applied against the Business Profits Tax, Business Enterprise Tax, or Insurance Premium. Please contact Carmen Lorentz at clorentz@lrcommunitydevelopers.org or at 603.524.0747 ext. 110 for more information.

The Gale School Redevelopment Project will require multiple funding sources. We are grateful to CDFA for this Tax Credit award and their support of this project.

Vegetable gardens have "sprouted up" at LRCD's Batchelder Apartments and River's Edge Apartments, thanks to a partnership with the Belknap County Conservation District and a generous grant from the Bank of New Hampshire. New raised bed gardens were created and planted over the last few weeks with the help of residents, staff and volunteers. Residents added soil to the raised beds and planted their choice of vegetables. Raised bed planters offer easy access for older residents and those using wheelchairs. "Everyone had a great time getting the planters ready and deciding what they wanted to grow. Giving communities access to grow their own food is important", said Lisa Morin, Program Coordinator for the Belknap County Conservation District (BCCD).

LRCD is grateful to BCCD for providing the garden beds and funds to give our residents access to healthy foods and the healthy activity of gardening.

The new garden at Harriman Hill in Wolfeboro was a big hit last summer, so residents there asked for supplies to build two more raised beds this year. They constructed those in May. LRCD provided funds for residents to buy vegetable plants. Their four raised garden beds are growing lots of healthy vegetables. The garden crew decided that produce from the garden in available to any resident at Harriman Hill.

The final piece of the renovation at Ames Brook Apartments in Ashland was installed. We completed the $5 million renovation project in September 2020. In past years and especially this year, via the Community Survey, residents have expressed a great desire for more community events and spaces to hold them. The new gazebo at Ames Brook will become a central gathering space for the 40-unit community.

Lakes Region Community Developers brought two Little Free Libraries to Harriman Hill Apartments in Wolfeboro. Little Free Library's vision is that there is a Little Free Library in every community and a book for every reader. They believe all people are empowered when the opportunity to discover a personally relevant book to read is not limited by time, space, or privilege. LRCD agrees! We want all our residents young and old to have access to great books.

We have stocked the libraries with books from the Little Free Library Read in Color list. Read in Color books provide perspectives on racism and social justice; celebrate BIPOC, LGBTQ+, and other marginalized voices; and incorporate experiences from all identities for all readers.

There will be more Little Free Libraries popping up at LRCD properties soon.

October 2020 marked the third year we have sent out our Community Wellness Survey to all of our tenants. The survey asks about basic needs, health, neighborhood safety, work and career goals, and level of community involvement. Results of this years survey were of course influenced by the COVID-19 pandemic as our tenants have been greatly and widely impacted. Still, the results give us a look at how our tenants have felt during these unprecedented times. Over 50% of our residents responded. The following issues jumped off the page for us.

• Basic Needs
  This is perhaps the most concerning result as we saw an increase in the number of tenants that are not able to meet their basic needs. Money, access to transportation, and identifying resources continue to be barriers to tenants meeting their basic needs such as food, toiletries, utilities, and rent.
• Neighborhood Safety
  This was a positive result showing that overall residents are feeling safer in their communities than they had in previous years.
• Sense of Community
  Survey results that tenants are feeling less connected to their neighbors and community than previously. This wasn't surprising as anxiety and feelings of isolation have increased due to the pandemic. We are planning a lot of outdoor social activities this spring, summer, and fall to help people reconnect.
  
  

We continue to use survey results to adjust current programs and to design new programming. We also compile the data and use it in a performance measurement system to determine if our programming is moving the needle on the issues that are important to the families we serve. 

Please take a few minutes to read about all the things we did last year. We hope you feel a sense of pride as you read through it because your support makes our work possible!

Click here to see our 2021 Impact Report.

Young residents at Harriman Hill Apartments in Wolfeboro didn't mind getting a little wet to clean up their community. Thanks, kids! the place looks great!

Our operating budget is funded through developer fees that we earn when we construct a new multi-family property, rental income, federal grants, private foundation grants, service fees, and corporate and individual contributions. The pie chart below shows LRCD’s 2020 revenue by source.

Northway Bank purchased $25,000 in New Hampshire business tax credits from Lakes Region Community Developers (LRCD) to support the final phase of renovations later this year at 193 Court Street, Laconia. LRCD was awarded $200,000 in tax credits and has $9,000 left to sell by May 31st.
 
“This project contributes to revitalization of downtown Laconia and enhances LRCD’s ability to carry out its mission,” said Christopher Dickinson, Senior Vice President, Commercial Banking Group of Northway Bank.  Chris is also a member of the LRCD Board. “As a community bank, we care deeply about housing and community development, which is what LRCD does. Investing in the Court Street project makes perfect sense based on our priorities.”
 
“We are so grateful for partners like Northway Bank,” said Carmen Lorentz, Executive Director of LRCD. “We can’t do our work without the support of our local business community.”
 
In 2019, Lakes Region Community Developers (LRCD) bought the old Walter’s Market building to turn it into their new headquarters and a neighborhood center to host events and trainings for their tenants in Laconia. LRCD planned for two phases of renovations due to funding constraints. Phase 1 included interior renovations, new insulation and siding on the southwest facing exterior wall, and improvements to the front façade of the building. Phase 1 was finished in October 2019.
 
Phase 2 will include drainage and parking lot improvements to enhance safety and accessibility, insulation in the attic, insulation and new siding on the northeast exterior wall and back of the building, and HVAC upgrades.
 
The tax credits are administered by New Hampshire Community Development Finance Authority (CDFA). Any business with operations in NH that contributes to a CDFA tax credit project receives a NH state tax credit worth 75% 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 NH businesses to use their state tax dollars to support local projects that they care about.
 
Businesses interested in supporting this project by purchasing tax credits should contact Carmen Lorentz at (603) 524-0747 ext 110.
 
Lakes Region Community Developers’ vision is for everyone to live in a healthy home and be empowered to succeed. Founded in 1988 as the Laconia Area Community Land Trust, LRCD has developed 365 healthy rental homes in Ashland, Gilford, Laconia, Meredith, Tilton, and Wolfeboro.  In 2017, LRCD expanded its mission to include new types of real estate development and new programming that empowers their tenants to effect positive change in their communities. For more information, visit LRcommunitydevelopers.org.

Northway Bank is an independent community commercial bank, with 16 branches throughout New Hampshire. The Bank was established in 1881 and provides financial solutions for customers, communities, municipalities, and businesses.