Local Businesses Support Affordable Housing

Meredith Village Savings Bank, Franklin Savings Bank, Mainstay Technologies, and EPTAM Plastics have been longtime supporters of the Laconia Area Community Land Trust (LACLT). They recently continued their support with a combined purchase of $37,500 in state tax credits issued by NH Community Development Finance Authority (CDFA).
Melissa Mansfield of Franklin Savings Bank states the Bank “is proud to be a sponsor of the Laconia Area Community Land Trust through the purchase of Housing Futures Fund Tax Credits.  Supporting the mission and initiatives of the Land Trust through tax credits is a win-win for both the businesses and the communities of the Lakes Region.  Franklin Savings Bank is honored to play a role in achieving the Land Trust’s mission of assisting low to moderate income families achieve economic self-sufficiency through the development of permanent affordable housing opportunities.”
LACLT is grateful for this donation supporting LACLT’s efforts in the River’s Edge project in downtown Laconia, providing 32 permanently affordable and fully accessible units for persons of modest means. This redevelopment of an abandoned industrial site brings new life to the downtown and significantly increases the tax base. The property is tremendously improved with the hazardous waste mitigation, green design elements, and the public river walk that will connect to the WOW trails.

Photo: Housing Futures Fund Tax Credit Donors (L to R): Ryan Barton of Mainstay Technologies, Jeffery Savage and Melissa Mansfield of Franklin Savings Bank, and Jason Hicks of Meredith Village Savings Bank stand in front of LACLT’s current project – River’s Edge (EPTAM Plastics not pictured).

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