Brenda Woods didnвЂ™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 wouldnвЂ™t give her and her husband Larry that loan buying a replacement house.
BrendaвЂ™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.