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Gerri Detweiler

Here’s what you should find out about CDFIs as well as other second-chance loan providers

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Brenda Woods did want to move n’t and then leave the yard she had tended for 40 years. However the roof had been falling in. And her bank would give her and n’t her spouse Larry that loan to purchase a replacement house.

Brenda’s nevertheless tending her garden, however, by way of a second-chance loan from the brand brand brand New Hampshire Community Loan Fund-a Community Development standard bank (CDFI). It let the Woods exchange their property by having a new, safe, affordable, energy-efficient manufactured house.

Almost 700 families financed houses through the Community Loan Fund, which won a $5.5 million prize through the Wells Fargo WFC, -1.99% NEXT Awards for Opportunity Finance. The sexsearch app prize ended up being for expansion of an financing that is innovative for produced housing mortgage loans. The UPCOMING Awards recognize revolutionary CDFIs that serve low-income and responsibly low-wealth individuals and communities. Continue reading “MarketWatch web web Site Logo a hyperlink that brings you back into the website.”