Bank of New Hampshire Grants $45,000 to LRCD for Affordable Housing

LACONIA – Lakes Region Community Developers (LRCD) is proud to announce they were recently awarded a $45,000 grant from Bank of New Hampshire for LRCD’s Affordable Housing Program.

The objectives of LRCD’s Affordable Housing Program are to create housing opportunities for people of low income and to empower them to achieve economic security.  To achieve these objectives, LRCD develops and operates affordable rental apartments and provides support services to the tenants who live in them.

“Housing provides a platform to lead a fulfilling life,” said Carmen Lorentz, LRCD Executive Director. “When you have a safe and comfortable place to lay your head at night, you are able to show up every day for the people and places you care about. This is what Bank of New Hampshire is supporting, and we are so appreciative of their investment in our work.”

Over its 30-year history, LRCD has developed 378 rental homes for people of low income in Ashland, Gilford, Laconia, Meredith, Tilton, and Wolfeboro, including the recent construction of Bay Street Apartments in Laconia, which provides 12 efficiency units of supportive housing for people experiencing, or at-risk of, homelessness. LRCD currently has 109 new units in its development pipeline, including 30 units of workforce housing in Wolfeboro, three more units of supportive housing in Laconia, and 76 units of workforce housing in Ashland.

Bank of New Hampshire is the oldest and one of the largest banks in New Hampshire. With 21 full-service offices and $2.5 billion in assets, Bank of New Hampshire supports an average of 300 non-profit organizations each year. This year, the focus of their charitable giving is on affordable housing.

“We are thrilled to support Lakes Region Community Developers,” said Tiffany Baert, Vice President – Marketing Officer at Bank of New Hampshire and LRCD Board Member. “Their mission aligns perfectly with our commitment to helping people access and maintain high-quality, affordable housing.”

About Lakes Region Community Developers:

Lakes Region Community Developers’ mission is to create opportunities for the people of the Lakes Region to thrive by developing healthy homes, creating vibrant community assets, and engaging residents. For more information visit LRcommunitydevelopers.org.

About Bank of New Hampshire

Founded in 1831, Bank of New Hampshire provides deposit, lending and wealth management products and services to families and businesses throughout New Hampshire and southern Maine. With 21 banking offices and assets exceeding $2.5 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. A mutual organization, the bank is focused on the success of its customers, communities and employees, rather than stockholders. Visit BNH.Bank for more information.

Photo Caption (L-R): Tiffany Baert, Vice President – Marketing Officer and LRCD Board Member; Carmen Lorentz, LRCD Executive Director, stand outside Bay Street Apartments on Bay Street in Laconia.