Catholic Charities NH Awarded $625,000 in Tax Credits by CDFA

From left: Jeff Lefkovich, Executive Director of Real Estate Services, CCNH; Katherine Easterly Martey, Executive Director, CDFA; Karen Moynihan, Vice President of Philanthropy, CCNH.

Catholic Charities NH was awarded $625,000 in tax credits by the New Hampshire Community Development Finance Authority (CDFA) to support a critically needed affordable housing project in Peterborough.

The funds are part of a recent CDFA distribution of $6.6 million in tax credits to nonprofits advancing key community and economic development projects across New Hampshire. Catholic Charities NH will utilize the tax credit funding for the first phase of Vose Farm Residences, a 96-unit affordable and workforce housing project in Peterborough. Phase 1 includes the construction of 64 units.

Rendering of the Vose Farm Residences.

Vose Farm Residences is a real estate development initiative from Catholic Charities NH, addressing the significant housing shortage in New Hampshire. It will feature mixed-income one- and two-bedroom apartments available to individuals or families earning up to 60 percent of the area’s median income. With groundbreaking this summer and full occupancy expected by spring 2026, the project will also include on-site supportive services for residents.

“We are incredibly appreciative and thankful to the CDFA for their support and shared commitment to addressing the current affordable housing crisis,” said Jeff Lefkovich, executive director of real estate and housing development for Catholic Charities NH. “Vose Farm Residences is poised to play a significant role in not only providing much-needed housing but also stimulating the local economy and enhancing community connectivity across the Monadnock Region.”

Businesses can support this vital project by purchasing tax credits, which provide a 75 percent New Hampshire state tax credit against their contribution. These credits can be applied over a five-year period against the Business Profits Tax, Business Enterprise Tax, or Insurance Premium Tax, enabling businesses to significantly reduce their tax liability while investing in a crucial community initiative.

For more information on purchasing tax credits, please contact Karen Moynihan at 603-663-0240 or via email at kmoynihan@cc-nh.org.

For more information on Vose Farm Residences, visit vosefarmresidences.com. Resident applications will begin in 2025.

Recent News

CCNH Awarded NH DOJ Grant to Protect Immigrant Victims

The funding will enable Catholic Charities NH to continue its longstanding work under the Victims of Crime Act.
Read More >

CCNH Releases 2023 Program Impact Report

The report reveals significant growth in demand for services throughout calendar year 2023, reflecting the continuous challenges statewide.
Read More >

New Generation Receives $50,000 Grant from M&T Bank’s Amplify Fund

This funding will support New Generation’s ongoing efforts to combat homelessness among mothers and children throughout New Hampshire.
Read More >
see more