Merrimack County Savings Bank pledges $75,000 to help build apartments for homeless 

  • The Concord Coalition to End Homelessness plans to convert 10 Green Street into four apartments. Courtesy

Monitor staff
Published: 4/22/2020 4:35:48 PM

Amid the COVID-19 pandemic, the Concord Coalition to End Homelessness is continuing its efforts to try to provide long-term housing and other resources to those at risk. 

Merrimack County Savings Bank pledged a contribution of $75,000 to the Concord Coalition to End Homelessness to help the agency with the costs linked to the purchase of the building on 10 Green Street and renovate it into four apartments, the organization announced Wednesday. The apartments will serve as safe and supportive housing for people exiting homelessness, who previously lived in shelters, cars or the woods.

The funds from Merrimack County Savings Bank will be spread over three years and will also support other CCEH programs, including the Concord Homeless Resource Center, Emergency Winter Shelter and Housing First Concord. 

“We are so grateful for the Merrimack’s incredible generosity and their commitment to the well-being of all members of our community,” said Ellen Groh, Executive Director of the Concord Coalition to End Homelessness. “CCEH is committed to ending homelessness because we know that it is absolutely possible. By ending homelessness, our community has the services in place to prevent it from happening. Crucial to this system is providing permanent supportive housing for the most vulnerable people experiencing long-term homelessness in our community.”

Merrimack County Savings Bank also assisted CCEH with a $110,000 tax credit purchase in 2017 to help fund CCEH’s Emergency Winter Shelter. The Emergency Winter Shelter, which first opened during the 2018-2019 winter season, is a low barrier shelter that allows those in need to sleep inside during dangerously cold winter months.

The tax credits, administered through the Community Development Finance Authority (CDFA), allow businesses to fund qualifying economic or community development projects in exchange for a tax credit that can be applied against state business tax payments.

“We commend and stand behind CCEH’s goal of ending homelessness in Concord because the Bank believes –  as they do – that every person has value and deserves dignity, Linda Lorden, President of Merrimack County Savings Bank, said. “CCEH advocates and offers resources and protection for our community’s most vulnerable people, and they serve as a wonderful role model for us all.”

CCEH, founded in 2008, operates the Concord Homeless Resource Center at the Tom Fredenburg House and the Emergency Winter Shelter, both located at 238 N. Main St. in Concord.

Through their Housing First Concord program, CCEH helps place people exiting long-term homelessness in permanent supportive housing. CCEH leads the City of Concord’s Steering Committee for their Plan to End Homelessness.

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