People and Property: Real Estate and Construction News From Around NH
Chris Milton, left, president heavy equipment distributor Milton CAT, and Chuck Lloyd, president of White Mountains Community College, are shown at the college’s Littleton Academic Center after the company announced that it will make a $200,000 gift in support of the center. The donation – one of the largest in the college’s history – in support of the Build Community Littleton Expansion includes construction, equipment, infrastructure and program development. Milton CAT, a Northeast Caterpillar machine and engine distributor, is a longtime supporter of the college and its Diesel Heavy Equipment Technology program.
Concord-based CATCH Neighborhood Housing has received a $25,00 grant from the Lincoln Financial Foundation in support of its collaborative housing education program, HOMEteam, is a partnership of CATCH, NeighborWorks Southern New Hampshire and Lakes Region Community Developers that provides participants with tools and education for purchasing, renting and maintaining a home. According to CATCH President Tom Furtado, despite inflated home prices and very low inventory, in 2021 HOMEteam staff helped at least 25 families buy a home and supported four households with down payment assistance. The program also provided 118 households with online homebuyer seminars, financial capabilities workshops, and landlord/fair housing trainings and other counseling services.
James Prieto, director of real estate at Nashua-based Granite Commercial Real Estate, recently helped secure a West Lebanon site on retail hub Route 12A for a new franchise location for Jersey Mike’s Subs, which has been expanding around New Hampshire. Prieto represented the landlord in the transaction, and Jersey Mike’s was represented by Atlantic Retail.
CMA Engineers Inc., Portsmouth, has announced that Paul Schmidt has been appointed president of the company, succeeding Craig Musselman, who will continue as executive chair. Schmidt, a member of the CMA team for 27 years, is a civil and environmental engineer with expertise in solid waste and water and wastewater engineering. In addition, the company said Philip Corbett will serve as chief operating officer and senior vice president. Current Senior Vice President Bill Straub will continue with his current project and client service roles, while the day-to-day operational management of the firm will transition to Corbett, the company said.
M&M Construction Services of Bedford recently completed the fit-up of the newest Grainmaker restaurant in Woburn, Mass., the company’s third. M&M worked with McMahon Architects on the project.
Ledyard National Bank has been selected to participate in the Federal Home Loan Bank of Boston’s Equity Builder Program, which assists homebuyers with down payment and closing costs as well as homebuyer counseling and rehabilitation assistance.
The program provides grants to financial institutions to assist households at or below 80 percent of the area median income. Borrowers are eligible to receive up to $22,000 in assistance on a first come first serve basis. Buyers must also complete a home buyer counseling program. Ledyard is eligible to receive up to $220,000 in 2022 through the Equity Builder Program depending on availability of funds.
Bank of New Hampshire has added Patrick Hostetter to its team as a mortgage loan officer serving the southern region of New Hampshire. Hostetter began his lending career in commercial agriculture lending and then transitioned to rural home and small farm lending. He will work out of the bank’s Bedford office.
A new Homeowner Assistance Fund is open for New Hampshire residents struggling to pay their mortgage, property taxes and other home costs because of the pandemic. To qualify, participants must own their home as their primary residence and have an income of less than 125 percent of the median area income. Maximum benefit is $20,000 per household. For more information, visit HomeHelpNH.
Capital Regional Development Council, Concord, has announce that Chuck Gilboyhas joined its team as business development and loan officer. Most recently, Gilboy was a loan officer with Grafton County Economic Development Council in Plymouth. Before that, he was a business advisor with the NH Small Business Development Center.