Craft3 was chosen for its strategic approach to achieving its triple bottom-line financing in rural and urban region.
Corporation for Supportive Housing was selected for being a pioneer in the supportive housing market by leveraging innovative policy work and financing.
FAHE won for its innovative and bold strategy in eliminating substandard housing conditions prevalent in the Central Appalachian region.
New Hampshire Community Loan Fund expanded its innovative financing program for manufactured housing mortgage loans.
$25,000 Awardee – Financing
$25,000 Awardee – Innovation
$25,000 Awardee – Advocacy
$25,000 Awardee – Community Impact
$2.75 Million Awardee
By just about anyone’s standards, the Federation of Appalachian Housing Enterprises (FAHE) could have been considered a highly successful CDFI back in 2004. Founded in 1980 to reduce systemic poverty in Central Appalachia by improving housing and creating economic opportunity, FAHE had established itself as an innovative mortgage lender as well as the leader of a member-based network of more than 40 community agencies dedicated to providing housing solutions to families throughout the region.
$5.5 Million Awardee
They couldn’t know it at the time, but when the Community Loan Fund made its first loan in 1984, it found its true calling and began transforming a sector of New Hampshire’s economy that was not just underserved but unserved. The loan was made to thirteen families facing eviction from their manufactured housing park in Meredith Center when the park’s owner decided to sell the property to condominium developers. Although the families wanted to buy the park and run it themselves, their loan request was turned down by five banks.