Brenda Woods didn’t like to go and then leave the yard she had tended for 40 years. Nevertheless the roof had been falling in. And her bank would give the woman and n’t her husband Larry that loan to get a replacement house.
Brenda’s nevertheless tending her garden, however, by way 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 home that is manufactured.
Almost 700 families financed houses through the grouped Community Loan Fund, which won a $5.5 million honor through the Wells Fargo UPCOMING Awards for chance Finance. The prize had been for expansion of a revolutionary funding system for produced housing mortgage loans.