LRCD | Latest News - Lakes Region Community Developers

LATEST NEWS - September 2025

9/15/2025

MVSB Purchases $25,000 in Tax Credits for Harriman Hill III

Pictured above: Carmen Lorentz of LRCD and Marcus Weeks, President of MVSB.

MVSB is the first local business to support our new capital campaign for Harriman Hill Phase III. Thank you, MVSB, for supporting the development of affordable housing in the Lakes Region!

In July, LRCD was awarded $500,000 in tax credits to help us raise funds over a two-year period to finish our Harriman Hill Phase III development in Wolfeboro, which will provide 30 units of affordable rental housing. Harriman Hill III is currently under construction and is scheduled to be completed in summer 2026.

By purchasing some of our tax credits, your business can help us build Harriman Hill III.

Tax credit donors get a NH state tax credit worth 75% of their donation, which can be used to reduce their NH Business Enterprise Tax (BET) or Business Profits Tax (BPT).

This program is a great way for you to keep your state business tax dollars in your local community.
If you’d like to learn how your business can be part of the solution to our workforce housing challenge, please contact:

Carmen Lorentz
[email protected]
(603) 524-0747 x110

Legacy Giving: Qualified Charitable Distribution from an IRA

Generally, IRA distributions are taxable, but qualified charitable distributions remain tax-free if sent directly to a qualified charity by the trustee.

Laconia Area Community Land Trust, Inc dba Lakes Region Community Developers is a 501(c)(3) nonprofit charitable organization (Federal Tax ID 02-0426348) that can accept tax-free qualified charitable distributions from an IRA.

IRA owners age 70½ and older can make tax-free charitable donations directly from their IRA.

IRA owners age 73 or older must make a Required Minimum Distribution from their IRA each year, and qualified charitable distributions count toward this required minimum.

Any IRA owner who wishes to make a qualified charitable distribution for 2025 should contact their IRA trustee this fall to ensure they have enough time to complete the transaction before the end of the year.

Gale School Progress Photos

Contractors are making good progress on the painstaking work of selective interior demolition, lead paint abatement, and asbestos abatement involved in the redevelopment of the Gale School. These photos give you a sense of the care and time that is involved in this work. All renovations are being conducted in accordance with the Secretary of the Interior’s standards for historic rehabilitation.