2009

Federation of Appalachian Housing Enterprises (FAHE)

$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. 

New Hampshire Community Loan Fund

$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. 

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