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Brenda Woods didn’t like to go and then leave the yard she had tended for 40 years. However the roof ended up being falling in. Along with her bank wouldn’t give her and her husband Larry that loan buying a replacement house.

Brenda’s nevertheless tending her garden, however, as a result of a second-chance loan through the brand New Hampshire Community Loan Fund-a Community developing standard bank (CDFI). It let the Woods exchange their property having a brand new, safe, affordable, energy-efficient manufactured house.

Almost 700 families financed domiciles through the grouped Community Loan Fund, which won a $5.5 million prize through the Water Water Wells Fargo WFC, +3.59% NEXT Awards for Opportunity Finance. The prize had been for expansion of a revolutionary funding system for manufactured housing mortgage loans.

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