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Mananak EDC outlines housing, childcare and brownfields work to Cheshire County commissioners
Summary
The Mananak Economic Development Corporation told commissioners it is shifting toward housing gap financing, childcare facility renovations and EPA-funded environmental remediation, and flagged a pending EPA grant announcement and local zoning hurdles for childcare providers.
Cody Morrison, executive director of the Mananak Economic Development Corporation, told the Cheshire County Board of Commissioners on Feb. 12 that the nonprofit is shifting program priorities toward housing, childcare and environmental remediation to support business growth and workforce needs. "We have developed a regional housing development fund that can provide gap funding for developers," Morrison said, describing the agency’s role filling the "last 10%" of project financing that private lenders and traditional programs will not cover.
Morrison said MEDC recently helped close on a 57-unit apartment project in Keene using gap capital and is…
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