Economy takes down New Hampshire assisted living facility
Associated Press – May 18, 2009 4:25 PM ET
MANCHESTER, N.H. (AP) – An assisted-living facility in Manchester, N.H., is closing because the economy has hammered its endowment.
The 52-bed Masonic Home took in its first resident more than a century ago, according to unionleader.com.
The Masons’ state organization maintains the home. Grand secretary John Marden says the endowment suffered a big loss in a short period, forcing the closure.
Though it once had a long waiting list, the Masonic Home has struggled for years to attract enough residents. It now has 20.
The staff of 35 was notified on Thursday, and letters have been mailed to every Mason in the state.
Marden says the home will work with residents and their families to find them new places to live. He says no date has been set for closing the home.
Information from: New Hampshire Union Leader, http://www.unionleader.com