CONCORD – The Community Development Finance Authority recently awarded $1.5 million in tax credits to four nonprofit organizations in Greater Nashua.

The funds will have a significant impact on initiatives that advance local community economic development goals and build capacity for New Hampshire’s nonprofit sector.

“This year’s Tax Credit and Capacity Building awardees are driving meaningful, transformative changes across New Hampshire,” said CDFA Executive Director Katy Easterly Martey. “These investments are strengthening New Hampshire communities by expanding access to essential services, creating housing stability, driving economic opportunity and building the local capacity and partnerships needed for long-term resilience and growth. Initiatives supported by CDFA’s Tax Credit and Capacity Building Programs demonstrate how strategic partnerships and community-driven solutions can foster vibrant, connected and thriving communities in the Granite State.”

The receiving organizations in Greater Nashua are as follows:

Harbor Care – $500,000: Harbor Care will use tax credits to support the redevelopment of 10-14 Amherst St.. The project will replace underutilized buildings with 27 one- and two-bedroom affordable housing units. The project also includes a 2,500-square-foot transitional housing component designed to stabilize up to eight individuals experiencing homelessness before they transition to permanent housing. Both the permanent and transitional housing components will include on-site supportive services to stabilize households.

Boys & Girls Club of Souhegan Valley in Milford – $312,500: The Boys & Girls Club of Souhegan Valley will use tax credits for critical infrastructure improvements to the Amato Center for the Performing Arts. This theater has served the Souhegan Valley for 50 years and operates as an integrated program of the Boys & Girls Club, providing youth theatre education, dance programs, school and community performances and events by local schools and organizations. The project will maintain an affordable, safe, accessible and modern facility for youth and community members while improving technical infrastructure and energy efficiency.

Marguerite’s Place – $625,000: Marguerite’s Place will use tax credits to transform a vacant property in Nashua’s Tree Streets neighborhood into 15 transitional housing apartments and a family resource center. The project will create supportive housing for 45 mothers and children who experienced homelessness or domestic violence. The new affordable housing and family resource center facility also provides Marguerite’s Place the opportunity to centralize its child care program into one location and add an additional 20 to 25 affordable child care openings annually.

The United Way Greater Nashua – $75,000: Capacity building funds will support the launch of the Greater Nashua Childcare Co-Working Hub, a pilot project designed to address space and licensing barriers facing family child care providers in the Greater Nashua region. This pilot will test the feasibility of operating shared, code-compliant commercial child care spaces by intentionally navigating the required licensing, zoning and life-safety approvals. The initiative aims to validate this model and demonstrate a scalable pathway for new child care providers to enter the field, expanding child care supply and increasing child care availability during nontraditional hours in support of working families across Greater Nashua.