Latest News - May 2020

2019 Impact Report

The COVID-19 pandemic is challenging us to work in new and different ways, but it has not dampened our resolve for the Lakes Region to be a place where everyone has a healthy home and is empowered to succeed. We would have unveiled our 2019 Impact Report last month at our Lakes Region Housing & Economy Snapshot event, which unfortunately we had to postpone (stay tuned for us to present a virtual edition of that event to you soon). We hope you can take a few minutes to read about all the new things we did last year. Our challenge will be to continue this momentum in an uncertain and ever-changing environment. We know we can do it with your continued support and partnership.

Click here to see our 2019 Impact Report.

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Harriman Hill Homes Tax Credits Sold!

We are pleased to announce that we have sold all $300,000 in NH business tax credits for Harriman Hill Homes, which will be a development of 20 affordable starter homes in Wolfeboro. Thank you to The Common Man, Northpoint Engineering, and Meredith Village Savings Bank for pledging to purchase our remaining credits.
 
This summer and fall, we plan to construct the road, water, and sewer infrastructure for the development. Due to market uncertainty caused by COVID-19, we plan to wait until summer 2021 to build the houses.
 

Thank you to the 11 businesses that supported this project with tax credit purchases.

• Belknap Landscape Co.
• The Common Man
• Frase Electric
• The Hodges Companies
• Martini Northern
• Meredith Village Savings Bank

• NGM Insurance
• Northpoint Engineering
• Resilient Buildings Group
• ReVision Energy
• Union Bank
  

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Ames Brook Renovations Almost Complete

Renovations at Ames Brook Apartments in Ashland have continued on schedule despite COVID-19. North Branch Construction is doing an excellent job, especially under these circumstances. Currently, 23 of the 40 apartments have been completely renovated and nine more will be complete by the end of May. Interior renovations include new flooring, new cabinets, new energy-efficient appliances, and completely renovated bathrooms. Exterior renovations are complete. The parking lot has been repaved, new siding and windows have been installed, and new porches have replaced the old ones. We hope for construction to be finished by the end of June.

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Pine Hill Solar

For 26 years, Lakes Region Community Developers has developed healthy rental homes. We define a healthy home as one that is energy-efficient and affordable. Despite the fact that we offer high quality rental homes at rents that our less fortunate neighbors can manage, many of our residents still struggle to pay for basic needs every month. Three years ago, we began an initiative to add solar to as many of our apartment buildings as possible to reduce or eliminate electric bills for our residents while also doing something good for the environment.

Our third solar project in three years has just been completed at six of our nine Pine Hill duplexes. Pine Hill was one of the first properties that we redeveloped in Laconia back in the 1990s.  Until now, the families at Pine Hill paid for electricity separately from their rent. Now with the installed solar system, we are able to include electricity in the monthly rent. Residents will be able to budget more successfully knowing they won't have a fluctuating electric bill.
 
We are extremely grateful to the Thomas W. Haas Fund of the New Hampshire Charitable Foundation, the New Hampshire Public Utility Commission, and Mainstay Technologies for providing the funds to make this project possible.

ReVision Energy designed and installed the Pine Hill Solar system.