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The median sales price of a new house
exceeds $240,000 in some parts of New Hampshire, making new
homes out of reach for many low- and moderate-income families
and individuals.
The Loan Fund is using its 24 years of experience with
manufactured housing financing and organizing to explore how
manufactured housing can be used to meet the state's need for affordable new homes. Its first development is Pepperidge
Woods, a 44-site community in Barrington, NH. In
it, the Loan Fund is striving to demonstrate
the durability, affordability and aesthetic appeal of modern
manufactured housing. Further, we are seeking to show how land
use regulations developed for land-lease park developers can
be utilized to produce high-density, resident-owned neighborhoods
in which homebuyers have access to conventional financing.
For more information on available homes, contact Jane MacDonald at jmacdonald@theloanfund.org or (603) 224-6669, ext. 257. |
