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While wages for the average worker in New Hampshire
have fallen far behind the state’s rapidly-rising housing
costs, the production of housing affordable to low/moderate
income households has failed to keep up with demand. Unaffordable
housing is destabilizing to families living at the margin;
it has produced rising levels of homelessness among the state’s
working poor; and it is raising concern within the business
community about the state’s continued ability to attract
and retain a skilled workforce.
The Community Housing Program (CHP)
is designed to expand the supply of affordable housing—and
to keep it permanently affordable—by making loans and
technical assistance available to nonprofit housing development
organizations throughout the state. CHP fills critical gaps
in the complex system by which affordable housing is financed
and helps community groups that are tackling their first housing
project to get started. Program staff are also respected advocates
for low income families on housing-related public policy issues.
The CHP helps nonprofit developers by
providing:
- pre-development financing to "core" borrowers
- short-term financing to acquire building sites
- "gap" financing at critical junctures in a project's
evolution
- longer-term financing for special projects that are
unable to secure appropriate conventional financing
We’re ready to talk with you. Please contact Mike
LaFontaine, Director, Community Housing Program, at
603-224-6669, extension 220 or mlafontaine@theloanfund.org.
Community Housing Links
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