Resident programs
New Hampshire Community Loan Fund
The New Hampshire Community Loan Fund takes money from local impact investors, donors and funders and lends it to people and community projects in New Hampshire, pairing the loan with coaching and advising. Lending covers manufactured-home purchases, repairs and upgrades; manufactured-home owners buying their parks; small businesses, local food businesses, childcare centers and other community-serving nonprofits; affordable housing developers; and energy efficiency projects.
The manufactured housing work runs through two programs. Welcome Home Loans are fixed-rate, long-term conventional mortgages for new and pre-owned manufactured homes in a resident-owned community (ROC) or on land the buyer owns or is buying in New Hampshire. Your Turn adds a 35,000 dollar loan toward down payment and closing costs on new Energy Star homes for buyers whose household income is below a defined level.
ROC-NH works with homeowners whose park is for sale, helping residents form a resident-owned community, and then supports existing ROCs with training, cooperative coaching, infrastructure grants and energy projects. The organization also helps small towns and municipalities access and manage grants, and offers energy solutions lending.
The fund has operated since 1983 and reports a record of 100 percent repayment to its investors over that period, with every dollar lent generating 2.19 dollars in economic impact and more than 1 billion dollars of cumulative impact. It is licensed by the New Hampshire Banking Department under NMLS ID 253893, is rated annually by Aeris, and posts audited financial statements and Form 990 filings on its site.
Best for
New Hampshire manufactured-home buyers, and park residents organizing to buy their community, plus small businesses and nonprofits a bank has turned down. Lending is tied to New Hampshire.
What they do
- Welcome Home Loans for manufactured homes
- Down payment and closing cost assistance
- Resident-owned community (ROC) purchase financing
- ROC training and cooperative coaching
- Manufactured-home repair and upgrade loans
- Small business and nonprofit lending
- Affordable housing development lending
- Energy efficiency lending
- Municipal grant writing and management support
- Impact investment notes for investors
Details
| Attribute | Value |
|---|---|
| Founded | 1983 |
| Ownership | Nonprofit |
| Licenses | NMLS ID 253893, Licensed by the New Hampshire Banking Department |
What stands out
- Reports 100 percent repayment to its investors since it was founded in 1983.
- Reports that every dollar lent generates 2.19 dollars in economic impact, and more than 1 billion dollars of impact in total.
- Licensed by the New Hampshire Banking Department, NMLS ID 253893.
- Your Turn offers an additional 35,000 dollar loan for down payment and closing costs on new Energy Star homes.
- Financial strength and impact management are evaluated annually by Aeris.
Common questions
- What is a Welcome Home Loan?
- A fixed-rate, long-term conventional mortgage for the purchase of a new or pre-owned manufactured home in a resident-owned community, or on land the buyer owns or is buying, in New Hampshire. The fund created the program because fixed-rate, long-term mortgages are hard for manufactured-home buyers and owners to find.
- What down payment help is available?
- Your Turn offers an additional 35,000 dollar loan to cover down payment and closing costs on new Energy Star homes, for buyers whose household income is below a defined level. Down payment and closing cost assistance is also offered to income-qualified buyers of pre-owned manufactured homes.