SHAHEEN ANNOUNCES $3.7 MILLION FOR AFFORDABLE HOUSING IN NEW HAMPSHIREOctober 14, 2010
(Washington, D.C.) - U.S. Senator Jeanne Shaheen today announced that the New Hampshire Community Loan Fund will receive $3.7 million to develop and support affordable housing for low-to moderate-income families. The grant, which is part of the Community Development Financial Institutions (CDFI) Fund at the U.S. Treasury Department, will be used to help residents who live in manufactured-housing parks purchase the land their homes sit on, and for piloting an innovative strategy to fill vacant lots in those communities with new affordable housing.
"Every family deserves access to decent, affordable housing," said Shaheen. "The New Hampshire Community Loan Fund has helped many New Hampshire families achieve financial security and independence by developing affordable housing across the state. In this difficult economy, this work is more important than ever, and I am pleased the Community Loan Fund has received this additional support to help continue its efforts."
"We are thrilled to receive notice of this award," said Juliana Eades, President of the NH Community Loan Fund, "We are being recognized for our work helping residents of manufactured-housing parks purchase their communities and for piloting an innovative strategy to fill vacant home lots in those communities with decent, affordable housing for low-to-moderate income people. The goal of the Capital Magnet Fund is to attract significant private investments and our winning application reflects the commitment of New Hampshire's local banks to invest in these core communities."
The New Hampshire Community Loan Fund is a state-wide, nonprofit certified CDFI founded in 1983 to provide financing and technical assistance to low-income residents of New Hampshire. The Community Loan Fund provides credit products that support affordable housing, community facilities, and economic opportunity.
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