Founded more than 25 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.
Formerly home to Franklin Light and Power Company, CATCH Neighborhood Housing will transform the Riverbend Mill to create housing in a setting that is a walkable community -- important for the residents and a vibrant community.
The project is estimated to cost approximately $12 million and will have 45 units on three levels, 17 of which will be one-bedroom apartments and 28 will be two-bedroom apartments. These apartments are intended for workforce residents. A marketing analysis conducted by Colby-Sawyer College has determined the targeted market to be artists, millennials, veterans and retirees. Emphasis of this project will be placed on quality of living, common spaces like gardens, playgrounds and art studios.
Funding sources include a Community Development Block Grant, Low-Income Housing Tax Credits from the New Hampshire Housing Finance Authority, Historical Tax Credits and financing through Franklin Savings Bank.