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The Loan Fund’s programs fall into three general areas:
The purpose of our affordable housing programs is to preserve and create affordable housing throughout the state by supporting a variety of housing initiatives.
Our oldest initiative is the Manufactured Housing Park Program, which assists residents of manufactured housing parks (historically called mobile home parks or trailer parks) to buy their parks in cooperative ownership. In 2003, the Loan Fund launched two new programs—the Cooperative Home Loan Program to provide home financing to residents in cooperative parks, and New Production, to develop new cooperative parks.
Two other affordable housing programs are the Community
Housing Program which supports community rental housing
pursued by nonprofit groups; and
the Home of Your Own
Program which
assists people with developmental disabilities buy their
own homes.
The Individual Development
Accounts program falls under both the Affordable Housing
umbrella and the Economic Opportunity umbrella, as it helps
low-income participants save for buying homes, supporting
businesses and education.
Community facilities, like child care centers, soup kitchens for the homeless, legal services offices and other nonprofit facilities, provide essential services to low- and moderate- income individuals and families throughout New Hampshire . However, they often cannot obtain financing from traditional sources to renovate real estate, reduce overhead by buying a facility or expand services to meet community needs. Both the Child Care Facilities Program and the Non-Profit Facilities Program provide loans and technical assistance to help the related programs meet their mission to the community.
The Loan Fund is committed to creating markets and opportunities for people to find and retain good jobs, or create their own jobs through self-employment. Better jobs can mean improved working conditions, better benefits, higher wages, security, advancement opportunities, and flexible hours.
MicroCredit-NH provides business training, loans, networking opportunities and other supports to the self-employed and the smallest of small micro-enterprises. Quality Care Partners is a for-profit subsidiary of the Loan Fund that trains licensed nursing assistants to provide personal and health care assistance to people in their homes and in facilities. Vested for Growth, one the newest programs at the Loan Fund, is a new source of capital for growing businesses in the state in which owners share decision making, profits and strategic planning with employees.
The Individual Development
Accounts program falls under both the Affordable Housing
umbrella and the Economic Opportunity umbrella, as it helps
low-income participants save for buying homes, supporting
businesses and education.
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