Merrimack Country Savings Bank (The Merrimack) contributes $10,600 to Family Promise of Southern New Hampshire to help finance the expansion of their Transitional Housing Program. Funded through the Community Development Finance Authority (CDFA), the non-profit is renovating a second facility in Derry to increase access to critical services for families within the region.

“With homelessness on the rise, it’s important that we give back to local organizations on the front lines,” said Linda Lorden, President of The Merrimack. “Family Promise has helped families transform their lives and future.”

The facility will house up to nine families with construction expected to be completed by early 2025. Aside from housing, families also receive the counseling, education and support needed to regain stability and achieve long-term success.

“This second location allows us to provide a warm safe home to more families experiencing homelessness throughout Western Rockingham County,” said Pamela Wellman, Executive Director, Family Promise of Southern NH. “We’re grateful to The Merrimack and all of the donors supporting our mission.”

Family Promise of Southern New Hampshire is a non-profit established to end family homelessness in the Greater Nashua area and surrounding communities. Through safe housing and education, Family Promise guides families as they break the cycle, and rise from homelessness to sustainable independence. To learn more, visit familypromisesnh.org.

CDFA tax credits 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. The tax credits are administered by the New Hampshire CDFA. Any business with operations in New Hampshire that contributes to a CDFA tax credit project receives a New Hampshire state tax credit worth 75 percent of their contribution. The credit can be used over a period of five years to reduce the business’ state tax liability (business profits, business enterprise, or insurance premium taxes). The tax credit program allows New Hampshire businesses to use their state tax dollars to support local projects that they care about. CDFA reviews many project applications each year, and awards tax credits to those they determine are feasible and will make the biggest impact on economic development in the state. Visit nhcdfa.org for more information.

Merrimack Style is treating everyone – customers, employees and community members – with dignity, care, respect and compassion. Founded in 1867, The Merrimack has served the people, businesses, non-profits and municipalities in Central and Southern New Hampshire for 157 years. In 2024, The Merrimack was recognized as “Best Bank” by the Capital Area People’s Preferences or CAPPIE Awards for the 15th year in a row. Merrimack County Savings Bank is a mutual savings bank that benefits local depositors, borrowers, and surrounding communities instead of stockholders on Wall Street. To learn more, visit any of their local offices in Bow, Concord, Contoocook, Hooksett, Nashua, Windham and now open in Henniker; call 603.225.2793 or visit themerrimack.com.