MVSB Supports Home Possible Project’s Fundraising For New Community Residence

GILFORD, NH — The New Hampshire Community Development Finance Authority recently awarded tax credits to The Home Possible Project, a Lakes Region nonprofit providing long-term supportive housing for adults with developmental disabilities.

The organization is fundraising to build a new community residence in Gilford that will feature 12 private apartments, a shared kitchen and dining room, a family room, and more. MVSB (Meredith Village Savings Bank) is proud to purchase $10,000 in tax credits to support its efforts.

"We are grateful to MVSB for this generous donation, which brings us one step closer to building our flagship community residence for adults with developmental disabilities,” Lisa DiMartino, board chair, The Home Possible Project, said. “Our goal is to promote independence, foster a true sense of belonging and create a warm, inclusive environment where residents can thrive.”

CDFA tax credits allow businesses to fund qualifying economic or community development projects in exchange for a tax credit that can be applied against state business tax payments. The New Hampshire CDFA administers the tax credits.

“At MVSB, we are committed to supporting organizations that strengthen our communities and create opportunities for individuals to live fulfilling lives,” Cathy Sleeper, MVSB Regional vice president, said. “The Home Possible Project’s vision for inclusive housing will have a lasting impact in the Lakes Region, and we are honored to play a role in helping bring it to life.”

Go to homepossiblenh.org to learn more about the organization.

Any business with operations in New Hampshire that contributes to a CDFA tax credit project receives a New Hampshire state tax credit worth 75 percent of their contribution. The credit can be used over a period of five years to reduce the business’ state tax liability (business profits, business enterprise, or insurance premium taxes). The tax credit program allows New Hampshire businesses to use their state tax dollars to support local projects that they care about. CDFA reviews many project applications each year, and awards tax credits to those they determine are feasible and will make the biggest impact on economic development in the state. Visit nhcdfa.org for more information.

MVSB has been serving the essential banking needs of people, businesses, nonprofits, and municipalities for over 150 years. As a mutual savings bank, MVSB has no stockholders but rather operates for the benefit of its customers, employees, and community. Since our founding, one thing has always remained true: caring is at the heart of everything we do. By building and nurturing relationships, we believe that we can cultivate a community where we all thrive. It all starts with caring about our customers and neighbors. To learn more, visit any of the local branch offices located in New Hampshire in Alton, Ashland, Center Harbor, Exeter, Gilford, Laconia, Melvin Village, Meredith, Moultonborough, North Conway, Plymouth, Portsmouth, Rochester, or Wolfeboro, call 800.922.6872 or visit mvsb.com.

Submitted by Meredith Village Savings Bank