CATCH Neighborhood Housing Awarded CDFA Tax Credits

CATCH Neighborhood Housing is one of 16 organizations to be awarded funds through the Community Development Finance Authority Tax Credit Program. CATCH was awarded $400,000 in tax credits to create a new home for CATCH to serve their clients by providing a safe, private and secure space to for individual counseling, homeownership and financial education workshops and classes.

“We are beyond thrilled,” said CATCH’s President, Rosemary M. Heard. “These tax credits will allow us to better meet the needs of the individuals and families we serve, as well as help provide a central home for all of us at CATCH.”

CATCH provides affordable rental apartments for over 600 adults and children in Merrimack County, offers homeownership education and counseling through the collaborative HOMEteam and provides property and asset management services through Alliance Asset Management.

Currently, these programs are split up among three office locations in Concord, with little space available for private meetings or workshops.

The tax credits will support CATCH’s efforts to renovate an office and program space at 105 Loudon Road. The building will allow CATCH to meet the needs of its current clients and tenants, and also expand existing programs and provide high quality services for more families in need.

The location is conveniently located on a city bus line, providing easy accessibility for the individuals and families CATCH serves.

“This investment is a key first step toward our success,” said Heard. “The support of partners like CDFA will allow us to avoid borrowing funds to complete the building. Instead we can focus on our mission and continue to work toward our vision of a community where every person is confident of a home.”

About CATCH Neighborhood Housing

CATCH Neighborhood Housing is an award-winning nonprofit housing provider that has been providing affordable homes in Merrimack County for over 20 years. CATCH offers a full spectrum of housing services, including homeownership and financial education through the collaborative HOMEteam; property management, asset management and financial services through Alliance Asset Management and 284 affordable rental apartments that over 600 low-income adults and children call home. For more information on CATCH Neighborhood Housing, visit www.catchhousing.org.