(Concord, NH) The NH Community Development Finance Authority (CDFA) has approved a Community Development Block Grant (CDBG) of $140,000 to assist Lakes Region Community College (LRCC) with the purchase of new training equipment for their Nursing Program. The grant will aid in the expansion and renovation of LRCC Center for Arts & Technology building which will include a new nursing lab.
“This project will provide a nearby source of well-trained nurses to fill hospital staffing needs in the community,” said Kevin Flynn, CDFA Communications Director. “A total of seven jobs will be created from this grant, each providing excellent pay and benefits, and at least five of them will be made available for persons of low to moderate income.”
There are two business involved in this project. Lakes Region Community College is the nonprofit business/subrecipient of the CDBG grant. LRCC is one of seven colleges in the Community College System of New Hampshire and offers over twenty-nine associate degree programs. The CDBG funds will contribute to the cost of equipment for the new Nursing Simulation Lab and high-tech training tools, specifically real-life simulation manikins that exhibit human symptoms. LRCC is committed to creating two of the seven jobs.
LRGHeathcare (LRG), the second business in this proposed partnership, is a long-standing nonprofit health care institution in the Lakes Region. LRG is the parent company to over nine community-based health initiatives and commits to placing at least five Licensed Nursing Assistants (LNA) and/or Licensed Practical Nurses (LPN) into the Nursing Program at LRCC to receive Registered Nurse (RN) credentials.
The NH Office of Energy and Planning predicts that by 2030, 36% of Belknap County’s population will be 65 or older and that in 10-15 years almost half of their nursing staff will have retired. “Quality training of nurses is important, especially for a community where there is a gap to fill and a demand to meet,” said Flynn.
The CDBG program funds provide housing and create jobs primarily for low- and moderate-income people. Funds are provided to the state of New Hampshire by the US Department of Housing and Urban Development, and administered by CDFA.Each project is evaluated on several criteria, including impact on low- and moderate-income residents and the acquisition of matching funding.
CDFA supports the development of vibrant and resilient communities by providing resources for community development efforts.CDFA, created by the Legislature in 1983, is a nonprofit public instrumentality of the State of New Hampshire. CDFA administers nearly $57 million in funding resources, which includes a combination of state tax credits and federal Community Development Block Grant, Neighborhood Stabilization, and Energy Reduction Funds. For more information about CDFA and its programs visit www.nhcdfa.org or call 603-226-2170.
The Finance Committee will meet on Tuesday
Learn how your community, nonprofit can qualify for a federal Community Development Block Grant through CDFA.
The CDFA Board of Directors will hold its monthly meeting
The Community Development Advisory Committee will discuss the latest CDBG applications
The Community Development Finance Authority is conducting an Application Writing Workshops for its Tax Credit Program.