TFMoran welcomes new hires
Alan Roscoe
Eric Poublon
TFMoran recently announced that Eric Poublon has joined the marketing department as a marketing intern in their Bedford office. Eric will be attending the University of New Hampshire in the spring where he will be pursuing an associate in science degree in business administation. His internship consists of assisting the Marketing Coordinator Julia Chartier, and is tasked with keeping up social media accounts including Instagram and LinkedIn, blog postings, as well as photography and graphics.
Additionally, the engineering firm hired Alan Roscoe as a senior civil project manager in the Portsmouth office. Roscoe is a licensed Professional Engineer in Massachusetts with over 35 years of experience designing and managing civil and environmental projects. He earned his bachelor’s degree in civil engineering from Southeastern Massachusetts University (now University of Massachusetts Dartmouth).
The Merrimack contributes $50,000 toward affordable housing development in Nashua
Merrimack County Savings Bank (The Merrimack) is helping create affordable housing in Nashua with a $50,000 donation to NeighborWorks Southern New Hampshire — a nonprofit that helps disadvantaged households achieve economic stability through financial wellness education and counseling programs.
(left to right): Pamela Starr, Joanne Connelly, Deborah Stoodley, NeighborWorks Executive Director Robert Tourigny, NeighborWorks Developmental Director Jennifer Vadney, and Neighborhood Development Project Manager Logan Johnson. (Courtesy photo)
Funded through the Community Development Finance Authority (CDFA), the contribution will support the construction of a 45-unit apartment building on Main Street.
“Support from donors, like The Merrimack, helps us create safe and affordable housing as we continue our efforts to revitalize Nashua’s Tree Streets neighborhood,” said Robert Tourigny, executive director of NeighborWorks Southern New Hampshire.
The new apartment building located at 249 Main Street will include 19 one-bedroom and 26 two-bedroom units, as well as a community room and laundry facilities on-site. Once complete, 34 apartments will be available for low-income households and 11 apartments at market rate.
“We’re proud to be a longtime advocate of NeighborWorks and the important services they provide across Central and Southern New Hampshire,” said Linda Lorden, president of The Merrimack. “In the midst of a housing crisis, projects like this are critical to help meet the growing demand.”
St. Mary’s Bank celebrates milestone with $100 million in construction-to-permanent loans
St. Mary’s Bank exceeded $100 million in Construction-to-Permanent (CTP) Residential Mortgage Loans, a milestone achieved since the program was relaunched in 2020 to help address New Hampshire’s housing crisis.
“Supply of adequate and new housing is limited, and affordability is a major concern,” said Kyle Schneck, chief lending officer at St. Mary’s Bank. “As a credit union, we feel a responsibility to not only serve the needs of our members, but the needs of the communities in which we serve. Our CTP program is one solution we provide.”
Citing data from NH Housing Finance Authority’s 2023 Housing Needs Assessment, Schneck said 23,500 new housing units are required to stabilize the housing supply, with 60,000 additional units required by 2030.
The supply of housing has not kept up with demand, as the for-sale housing inventory has rapidly decreased since 2019.
“During the peak homebuying season of 2019, around 9,000 homes were listed for sale each month compared to less than 5,000 during the 2022 season,” explained Schneck. “Further compounding the housing shortage is a statewide rental vacancy rate under 1 percent.”
Longer term trends, noted Schneck, show home values and rent in New Hampshire continuing to outpace wage growth. According to NH Housing Finance Authority, between 2000 and 2020 New Hampshire’s home values rose by 111% and rents rose 94%, while the median income of a New Hampshire household increased by 73%.
“Affordability will continue to be a challenge as long as housing supply is low,” said Schneck. “If interest rates remain high, it will only compound the problem.”
Regarding the credit union’s residential construction program, Construction Loan Administrator Lorinda Gilbert said CTP loans may be applied to new construction, additions, and large-scale remodeled homes throughout New Hampshire.
“Owners are able to build a home to fit their family’s individual needs/desires,” explained Gilbert, who noted the program provides 12-months of interest-only payments on the amount of the loan used during construction. “In keeping with our mission, we do all we can to remove as many barriers to home ownership as possible.”
Bedford Academy expands facilities and curriculum
In preparation for the new school year, Bedford Academy completed significant expansion, bringing new additions to its campus, including a dedicated yoga and indoor gym space also used for extracurricular activities such as ballet, cheerleading, zumbini, gymnastics and tap dancing.
The school also completed construction of a brand-new room featuring seven pianos and other materials for music, art and Spanish instruction. After expansions were made, Bedford Academy now encompasses 6,000 square feet of space, complete with eight classrooms, an administrative office, and a collaborative area equipped with a kitchen for multifunctional use.
The outdoor area at Bedford Academy has also been expanded to accommodate a variety of recreational activities, including a basketball hoop, a driving range, a putting green, two play structures, soccer nets, garden space and an artificial beach.
“Our expanded curriculum and state-of-the-art campus facilities reflect our commitment to nurturing well-rounded, innovative, and empowered learners,” said Roxanne Molina, Owner of Bedford Academy. “We believe that these developments will inspire our students to reach new heights and embrace a future filled with endless possibilities.”
Another piece of Chinese owned property in Nashua has come to the public’s attention — the former Daniel Webster College property, encompassing some 52 acres. Nashua Mayor Jim Donchess encouraged the Board of Aldermen on Sept. 9 to pass a resolution giving him the authority to seek state and/or federal funds to purchase the property, currently owned by Xinhua Education Consulting Services Corp.
The nonprofit and ReVision Energy expand renewable energy portfolio with new solar panels across five properties in the Monadnock Region
While home prices might be moderating in other parts of the country, the median price of a single-family house in New Hampshire rose to $550,000 in August, the second highest price point this current year. That price is just $3,000 more than the $547,000 recorded in July, but it is $47,500 more than January’s $502,500. The highest median price in 2025 was $569,450, recorded in June and the most ever recorded in the state.
ApprenticeshipNH has partnered with Associated Builders and Contractors of New Hampshire/Vermont and Elm Grove Companies to launch New Hampshire’s first registered apprenticeship program (RAP) for maintenance technicians
Explore how post-pandemic growth, affordability challenges, and evolving housing trends are transforming the Queen City’s future.
The Lake Estate on Winnisquam sees diamonds and stars in its future
Amid a statewide housing shortage, a religious nonprofit recently opened applications for more than 60 new workforce housing apartments in Peterborough.
Concord considers $535K rail purchase to extend Greenway Trail, raising questions for Scenic Railriders
Relax & Co., which provided an array of services to property owners in the Lake Sunapee area, had already been forced to lay off workers earlier this month.
