BNH Grants $100,000 in Tax Credits for NH CDFA

Laconia, New Hampshire – May 17, 2024 – Bank of New Hampshire proudly commits $100,000 in Tax Credits to New Hampshire Community Development Finance Authority’s Community Economic Development Capacity Building Fund.

Established in 1983, the Community Development Finance Authority (CDFA) stands as a cornerstone for driving economic prosperity throughout New Hampshire. With over 35 years of dedicated experience, CDFA serves as a vital catalyst, allocating an impressive $29.8 million last year towards bolstering community development initiatives. Through strategic grants, loans and tax credit equity, CDFA empowers nonprofits, municipalities and businesses, by creating a landscape where innovation thrives and communities flourish.

Through a dynamic and collaborative approach, CDFA fosters sustainable change and innovation in financial development, leaving a lasting imprint on communities across the state. Bank of New Hampshire proudly supports CDFA’s mission, recognizing their profound impact in creating jobs, alleviating poverty and bolstering economic resilience throughout New Hampshire.

“Organizations in the Community Economic Development Capacity Building Tax Credit Fund have demonstrated a strong commitment to their communities and a need for capacity support to continue their strength and impact,” said Katy Easterly Martey, Executive Director of the New Hampshire Community Development Finance Authority. “These community builders are driving positive, long-lasting change in New Hampshire. The past few years have underscored New Hampshire’s reliance on its nonprofit infrastructure. We need a strong, effective nonprofit network with the capacity to support our communities and envision, create, and implement broad-based community economic development projects.”

 “At Bank of New Hampshire, we believe in investing in initiatives that make a real impact in our communities,” said Chris Logan, President and CEO for Bank of New Hampshire. “This contribution aligns perfectly with our commitment to supporting projects that make a tangible difference in the lives of New Hampshire residents. Together with CDFA, we are empowering communities, creating opportunities and building a brighter future for all.”

Bank of New Hampshire is proud of this partnership as we aspire to remain an independent mutual financial institution, delivering innovative solutions and exceptional service, while assisting our employees, customers and communities to build brighter futures.

Bank of New Hampshire, founded in 1831 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 billion, Bank of New Hampshire is the oldest and one of the largest independent banks in the state. Bank of New Hampshire is a mutual organization, focused on the success of the bank’s customers, communities and employees, rather than stockholders. For more information, call 1.800.832.0912 or visit BNH.Bank

Photo Caption: Bank of New Hampshire’s Ross Bartlett, Executive Vice President – Chief Operating Officer (left), Bambi Lane (middle left), Assistant Vice President – Commercial Banker and CRA Officer and Chris Logan (right), President and CEO presented a $100,000 check to Katy Easterly Martey, Executive Director (middle right) of New Hampshire Community Development Finance Authority.