From left: David Belletete, vice president; Jack Belletete, senior VP; Mike Shea, President; Robert Tourigny, NeighborWorks Southern NH executive director; Sara Belletete, treasurer.
Belletetes made a $50,000 contribution to NeighborWorks Southern New Hampshire to support improvement in housing in Nashua’s Tree Streets neighborhood. Over the next several years, NeighborWorks will invest in the housing stock in the Tree Streets area to improve the neighborhood. The non-profit organization’s plan involves a combination of acquisition rehab, rental, sales, and lending.
The City of Nashua’s Tree Streets Neighborhood Analysis and Overview, completed in September 2012, reported among other things that 29 percent of buildings in the neighborhood are "poorly maintained" and only 15 percent of the housing units in the neighborhood are owner-occupied.
“Our goal is to improve the neighborhood’s physical built environment through the creation of quality rental units and increased homeownership,” says Robert Tourigny, executive director of NeighborWorks Southern NH. “Improving neighborhoods of need like the Tree Streets will have positive ripple effects not only for residents of the area, but Nashua’s entire downtown area. We appreciate this major commitment of support from businesses such as Belletetes. Their support will help to provide good housing opportunities for residents of the area.”