Lakes Region Community Developers Receives Grant from the Greater Lakes Region Charitable Fund for Children

Lakes Region Community Developers (LRCD) is proud to announce they were recently awarded a $25,000 grant from the Greater Lakes Region Charitable Fund for Children. The grant will help support LRCD’s Affordable Housing Program, which is responsible for developing and managing affordable rental housing throughout the Lakes Region.
 
According to NH Housing’s “2023 Residential Rental Cost Survey,” the median rent for a two-bedroom apartment in Belknap County is $1,556. Only 4% of two-bedroom units in Belknap County are considered affordable to the average renter household. People of low income are being squeezed out of the local housing market altogether due to the lack of supply of affordable apartments.
 
This grant from the Greater Lakes Region Children’s Auction will aid LRCD in continuing to operate its existing portfolio of affordable rental apartments, which provide safe and healthy housing for approximately 315 children in the Lakes Region. In addition, this funding will help LRCD develop new housing in Ashland and Wolfeboro.
 
“The Lakes Region desperately needs more affordable rental apartments for families of low income,” says LRCD Executive Director, Carmen Lorentz. “As a non-profit developer of affordable housing, we are proud of our work in doing all we can to meet the needs of the community and are so thankful to the Greater Lakes Region Charitable Fund for Children for its support.” 

About the Greater Lakes Region Charitable Fund for Children:
Numerous fundraising events throughout the year support the Greater Lakes Region Charitable Fund for Children, including their four-day signature Children’s Auction event every December. In the past four decades, the Fund has distributed more than $8.6 million to over 80 nonprofits that serve low-income families and children in the Lakes Region, all through volunteer efforts, community donations, and corporate sponsorship. The Children’s Auction falls under the umbrella of the Greater Lakes Region Charitable Fund for Children, a 501(c)(3) nonprofit organization that helps local community organizations that serve children and families in need. For more information about the Auction, the nonprofits it supports and how you can help, visit ChildrensAuction.org.

Photo Caption: Lakes Region Community Developers Executive Director, Carmen Lorentz accepts grant award check from Greater Lakes Region Charitable Fund for Children Executive Director, Jenn Kelley