CATCH Receives Grant from New Hampshire Charitable Foundation to Increase Public Access to Affordable Workforce Housing
- Jul 29
- 3 min read
Concord, New Hampshire...CATCH Neighborhood Housing is pleased to share that it has received a generous operating grant of $60,000 over two years from the New Hampshire Charitable Foundation in support of CATCH’s affordable housing development initiatives.
This gift was made possible through two of the Charitable Foundation’s funds: the John W. Hart Memorial Fund and the Stephen W. and Lucy H. Winship Fund for the Capital Region. As noted in their literature, “A grant from the Foundation is a partnership, and behind every grant is the story of the good work being done to make our communities stronger. It is also an occasion for the Foundation to acknowledge our donors and let them know how their gifts are being used to improve the quality of life for everyone in New Hampshire.”
“We are very grateful for New Hampshire Charitable Foundation’s continued support of our mission to create communities where every person is confident of a safe and affordable home.” said CATCH’s President and CEO, Tom Furtado. “The current economic challenges have made affordable housing the number one concern of New Hampshire residents, and we are proud that our work is making inroads to improve that situation.”
CATCH is currently working to advance affordable workforce housing developments in Penacook, Warner and Concord, New Hampshire, including one specifically for adults with developmental disabilities, a population most at risk of homelessness here in New Hampshire.
Over the past thirty-seven years, CATCH has invested over $150 million dollars into bringing affordable and workforce housing to Merrimack County and beyond, providing homes for thousands of New Hampshire residents in an area where affordable rental options are limited. These units currently serve approximately 1,100 seniors, adults, and children per year. CATCH’s subsidiary non-profit property management arm, Alliance Asset Management, provides fair and professional property management and essential resident support for residents living in more than 1,000 apartments. In addition, through a collaborative partnership between CATCH and two other affordable housing developers in the state, HOMEteam provides essential homeownership and financial education services.
About CATCH Neighborhood Housing
Founded more than 37 years ago, CATCH Neighborhood Housing is a 501(c)3, community-based non-profit organization offering a full spectrum of housing and education services in Merrimack County, New Hampshire. CATCH meets the needs of the communities it serves by constructing new affordable housing units and revitalizing existing housing in an area where affordable rental options are limited. Since 1989, CATCH has expanded its real estate portfolio to include more than 450 affordable workforce housing units in Concord, Penacook, Bow, and Franklin, New Hampshire. These units serve approximately 1,100 seniors, adults, and children per year.
In order to better meet the needs of its residents and ensure the proper maintenance and professional management of its rental properties, while also providing a source of sustainable funding for the organization, in 2013 CATCH created Alliance Asset Management, a property and asset management company specializing in affordable housing regulations and associated financial services.
In 2014, in partnership with NeighborWorks Southern New Hampshire and Lakes Region Community Developers, CATCH collaborated to provide homeownership and financial education services through HOMEteam. This innovative partnership organization serves the entirety of Merrimack, Hillsborough, Belknap, and Rockingham Counties, providing over 68% of New Hampshire's residents access to first-time homebuyer education seminars as well as financial fitness courses and mortgage counseling.
CATCH Neighborhood Housing is located at 105 Loudon Rd, in Concord, New Hampshire. For further information about the organization, please call 603-225-8835 or visit our website at www.CatchHousing.org.
About the New Hampshire Charitable Foundation
The New Hampshire Charitable Foundation, New Hampshire’s statewide community foundation, is dedicated to making New Hampshire a more just, sustainable and vibrant community where everyone can thrive. We are the place where generosity meets the dedication and ingenuity of nonprofits and the potential of New Hampshire students. For six decades, thousands of people have entrusted their charitable resources to the Foundation to award more than $70 million in grants and scholarships every year. For more information, please visit www.nhcf.org or call 603-225-6641.
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