- Help people with low
and moderate incomes (pdf) per standards set by
the U.S. Dept. of Housing and Urban Development.
- Have a long-term benefit to people with low and moderate incomes.
- Have a demonstrated source of income to repay the loan to the Community Loan Fund.
- Have a governing board of representatives from the community.
- Attract other resources to the effort.
Talk with us. Each project is different, and the first step
is always to talk with us. Contact Julie McConnell, Community Facilities Loan Originator, at (603) 224-6669, ext. 215 or jmcconnell@theloanfund.org. She will determine whether your project is appropriate for
a loan from the Community Loan Fund. If the Community Loan Fund is not the right
source to help, we will try to provide referrals.
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. The application is reviewed by staff
members and the Community Loan Fund's Loan Review Committee, which comprises 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. |
