Brenda Woods didnвЂ™t wish to go and then leave the yard she had tended for 40 years. However the roof had been falling in. And her bank wouldnвЂ™t offer her and her spouse Larry that loan to purchase an alternative home.
BrendaвЂ™s nevertheless tending her garden, though, because of a second-chance loan through the brand brand New Hampshire Community Loan Fund-a Community developing standard bank (CDFI). It let the Woods exchange their property with a brand new, safe, affordable, energy-efficient manufactured house.
Almost 700 families financed houses through the Community Loan Fund, which won a $5.5 million honor through the Wells Fargo WFC, +2.48% NEXT Awards for Opportunity Finance. The prize had been for expansion of a revolutionary funding system for produced housing mortgage loans. The UPCOMING Awards recognize revolutionary CDFIs that responsibly serve low-income and low-wealth individuals and communities. Continue reading “MarketWatch web web Site Logo a hyperlink that brings you back into the website”