Community Housing Program

Loan Criteria

Applicants must demonstrate that their project:

• Helps people with low- and moderate-incomes (PDF) (per standards set by the Dept. of Housing and Urban Development)
• Has a long-term benefit to people with low- and moderate-incomes
• Have a demonstrated source of income to repay the loan to the Loan Fund
• Has community support
• Attracts other resources to the effort

How to apply:

Each project is different, and the first step is always to talk with us. Contact Community Housing Program Director Mike LaFontaine at (603) 224-6669, ext.220 or mlafontaine@theloanfund.org.

What happens next?

• Getting organized. If appropriate for consideration, the applicant nonprofit organization submits a letter of request, with supporting materials as requested, to the Community Loan Fund. There is no application form.

• Loan Review Committee. The application is reviewed by staff members and the Community Loan Fund Loan Review Committee, which consists of community representatives from the areas of banking, real estate, business, housing, law and related fields.

• Decision. Once a decision has been made, a staff member will contact the applicant with the decision and any conditions.

• If the request Is denied. If your request for a loan is denied, you will be informed why, and may be encouraged to re-apply at a later date.

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