The Park Theatre, Jaffrey, NH
Three CDFA grants totaling $1.4 million given to local organizations
By Ella Nilsen
Friday, July 18, 2014
Projects in Keene and Jaffrey were recipients of three Community Development Finance Authority grants totaling $1,425,000. The three projects were among 14 total in New Hampshire to receive assistance through the state program, which funds the grants through state tax credits.
House: Reprints - ROS - instory Companies that donate to these three projects can receive a 75 percent business tax credit against their donations, which help to leverage that contribution.
In Keene, $450,000 worth of tax credits will go toward building the Westmill Senior Housing on Railroad and 93rd streets, which will provide 26 new units of affordable housing. Another grant of $425,000 in tax credits will go to the Hannah Grimes Center on Main Street to renovate the second floor and create space for 12 new microbusinesses.
The Whole Story.
The Park Theatre building is an historically significant 19th century wooden frame structure in the center of downtown Jaffrey, New Hampshire. In 1922, Romulo Vanni, an Italian immigrant to the town, raised his house up to sit atop his produce and dry goods store. He then built a lobby entrance under it to provide entry into his adjoining barn which he converted into a movie theatre. He projected the movies through windows cut into his kitchen pantry on the 1st floor of his house. By 1935, the movies were so popular that he expanded the barn to the edge of his property to accommodate 720 seats. He showed two movies a night with a Sunday matinee and vaudeville shows. The lines to get in went around the block.... Read More