Support This Tax Credit Program
I am writing to express my strong support for New Hampshire House Bill 574. The bill in its original form will increase the tax credit program administered by the New Hampshire Community Development Finance Authority (NH-CDFA) from the current level of $5 million to $10 million.
The program is highly competitive, with NH-CDFA receiving far more requests each year than can be supported for a wide variety of projects that benefit communities throughout the state. In 2014, Grafton County Senior Citizens Council, Inc. (GCSCC) applied for and was awarded close to $520,000 in tax credits through this program. By spring 2015, we had sold our tax credits to 17 businesses that operate in the state, and with the funds we have addressed a wide variety of facilities needs over the past two years. We have improved the safety, utility and efficiency of our buildings so they are in good shape to meet the needs of a growing population of older adults in our region.
Without the tax credit award, we simply would not have had the financial resources to handle necessary facilities improvements. Not only have the tax credits helped us make big improvements to senior centers that serve thousands of Grafton County residents, the funds also have benefited numerous local small businesses that have handled the carpentry, plumbing, heating installation, excavation, painting, flooring and other building and grounds work at our locations in Lebanon, Canaan, Haverhill, Plymouth and Littleton.
NH-CDFA’s allocation of $5 million in state tax credits has not been increased in almost 20 years; however, competition for the tax credits has increased dramatically, especially in recent years. The projects that benefit from this creative public-private partnership are diverse but universally beneficial to the state’s citizens and their communities.
Executive Director, Grafton County Senior Citizens Council, Inc.
LebanonOutstanding Hanover Candidate
David Sobel is an outstanding candidate for the Hanover School Board. Sobel is a long time Hanover resident, with four children who are in or have gone through the local schools. On the School Board he will work to maintain truly excellent schools (including hiring high-quality administrators and teachers), while exercising fiscal prudence.
Sobel is a local business owner who manages his own veterinary practice. His career reflects an admirable combination of care and engagement with his patients and their families, constant self-improvement through continued study and training, and global recognition as one of the top practitioners in his specialty. On the School Board, Sobel’s care and commitment will be a great asset to our community, and to our children’s education.
Jennifer Lind and Daryl Press