Across New Hampshire and into Vermont, community investment has supported neighbors in creating better lives, new and thriving businesses, energized support services, and resources for energy efficiency and affordability.
Interest rates and real estate prices are soaring at a time when federal funding sources are uncertain. This means demand for our lending and coaching programs will only increase over the next year, and we are ready to meet it.
But we need impact investments and donations for capital now, more than ever. We can solve New Hampshire problems with New Hampshire dollars.
Our impact investors and donors have always come through for our borrowers, and 2024 was no exception. Read on to learn about the significant impact made in seven focus areas over the last year.
In the last 12 months, we’ve been part of purchasing or preserving 260 manufactured homes. Our Welcome Home Loans along with our Your Turn downpayment assistance has opened the door to home ownership across the state.
Derry Oak Village Cooperative is N.H.’s 150th ROC! Including Derry Oak, we have now preserved affordable homeownership in resident-owned communities for nearly 9,000 households. But there’s still much to be done to help people take control of the land beneath their homes while fostering lively, sustainable communities.
In FY24 we’ve loaned to businesses in all 10 counties of N.H. and 3 counties in VT. We’ve done a significant amount of lending in our core focus areas; local food growers, distributors, markets, as well as retail, manufacturing, community services, and childcare. Our business loans have supported the purchase of real estate, the creation of jobs, the preservation of vital community services, and most importantly they have provided access to capital for entrepreneurs who have been excluded from the economic mainstream.
Nonprofits across N.H. connected with us to address growth needs and unexpected challenges. A quick list includes:
Welcoming Northern Community Investment Capital (NCIC) under the Community Loan Fund Umbrella has encouraged us to support and partner with people, organizations, and communities beyond N.H.’s borders. The talented NCIC team has expanded our capacity and launched new services that provide grant writing expertise to help small towns access funding resources for infrastructure improvement and economic development.
Our partnerships with the USDA allowed us to support the growth of local meat processors across the United States in ways that create stronger local economies, expanded local markets, and opportunities for improved food supply chains.
While the long-term social, health, and safety benefits of our work reveal themselves over time, stats give a clear sense of what’s been accomplished. Here’s some information that’s sure to be of interest to our numbers-driven neighbors.
of investor capital actively deployed into our communities at close of FY24
investor repayment rate over our 41 year history
in economic impact generated for every dollar we lend
hours of coaching and guidance services provided since 2005
minimum amount to become an impact investor in your community
loaned since inception
"Now our life is a lot better because we have control over what's going to happen in the future, we have come together as a community."
Watch Video"The impact the stores has, it's bigger than me, it's bigger than us, it's bigger than our staff."
Watch Video"Farming is a traditionally risky business, it's har dto find a traditional lender to work with."
Watch VideoExplore each chapter of the 2024 Annual Report by clicking on the card or button for each of the pages below.
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