MP Housing, Inc.

MP Housing, Inc. was established to provide permanent housing opportunities for the continued needs of Marguerite's Place transitional housing residents. In a region with a significant lack in affordable housing, this is accomplished by the purchase of available, modestly priced residential property (e.g. condominium units) and rental of them to qualified tenants.

Presently, the tenants of MP Housing Inc.'s affordable housing units are former residents of Marguerite's Place, Inc.'s transitional housing facility.

Mission Statement

Its primary activity is to purchase residential real estate to provide affordable rental housing for disadvantaged women and their children. The ownership of these residential properties enables MP Housing, Inc. to ensure availability of affordable housing for Marguerite's Place Inc. for years to come.

History of MP Housing, Inc.

In 2000, the Board of Directors of Marguerite's Place, Inc. was faced with the possibility that there would be no place for the families of Marguerite's Place, Inc. to go once they successfully completed our transitional housing program. In response to the lack of permanent, affordable housing in the City of Nashua they decided to create a new non-profit called MP Housing, Inc.

In developing the criteria for this new entity, the Board sought input from residents of Marguerite's Place, Inc. Their voices, as well as the Board's fiscal responsibilities, were considered. The final decision was to purchase affordable condo units and lease them to those women who had moved to the next step in their journey to independence.

MP Housing, Inc. has been blessed with the assistance of the Board of Directors and supporters, especially the CDFA (Community Development Finance Authority) in securing tax credits two times in the past five years amounting to $800,000 to be used to purchase these condo units. To date, the organization owns 9 condo units and will be purchasing a 10th by the end of 2007. Since the beginning of MP Housing, Inc., there have been 35 women and children in these units.

All of the families that live, and have lived, in these units are employed and care for their children. Some are even able to attend college on nights and weekends. The young children are participants in the Day Care at Marguerite's Place, Inc. Many of the children in elementary school and high school are on Honor Roll.

All of the tenants are encouraged to participate in an Independent Development Account, a Federal program to help save towards homeownership. Three of the former tenants saved enough to become homeowners! These are giant steps...from homeless to homeowners!

Testimonials

Our first MP Housing, Inc. resident, with the help of the IDA (Individual Development Account) program, has become a home owner. Marguerite's Place, Inc. is just one Community Partner working with the New Hampshire Community Loan Fund on this very exciting matched savings program.

The IDA program includes financial fitness training and asset specific (homeownership) training. We are so excited for the families that are participating in this program and look forward to sharing more success.

Sherri

Sherri states, "Being involved in the IDA program has contributed to helping me reach not only one of my goals, but one of my dreams. In two years I was able to save enough money to make an offer on a home and because of the training and support that was given to me within this program, I feel like I can enter this commitment with the knowledge and confidence that a single mother with three children would not normally have."

Anne

Dear Members of the Board of MP Housing, Inc.,

I thank you on behalf of my family for this housing opportunity. With the help, support, and guidance of the staff of Marguerite's Place, Inc., and my family, my children and I are now on the road to a much brighter future.

I would like to express my heartfelt thanks and gratitude for all the assistance my and I received during our residency at Marguerite's Place, Inc.. The program empowers all residents to attain their goals and envision their own personal potential. Without the help of the programs at Marguerite's Place, Inc., it frightens me to think where my children and I would be today. There are not enough words in the English language for me to completely express my thanks to the staff and supporters of Marguerite's Place, Inc. and MP Housing, Inc.

Sincerely,
Anne

Lori

To the Board of MP Housing, Inc.,

On behalf of my son and myself, I would like to express my sincere gratitude and appreciation on your approval for us to occupy the newest condo through MP Housing, Inc.. We welcome our good fortune with mixed emotions. First and foremost for having to leave Marguerite's Place, Inc. where every familiar face will truly be missed. We have never been treated with so much love and respect.

We have moved so many times, we are not looking forward to moving again-however we are looking forward to occupying a beautiful condo. You have my word that I will respect the property and keep it very clean. This is truly a blessing.

Thank you for all the wonderful unselfish work that you do.

Sincerely,
Lori