Celebrating Success
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.
Meeting Demand
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.
Your Dollars Make a Difference
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.
Manufactured Home Loans
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.
ROC Establishment & Support
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.
Small Businesses
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
Nonprofits across N.H. connected with us to address growth needs and unexpected challenges. A quick list includes:
- Childcare Center: With the support of our loan the center has created 10 new childcare spaces and two full-time teacher positions.
- Crisis Center: The clients of this crisis center will use funding from our pilot program to assist with expenses that might arise as they normalize their financial security and build their credit profiles for the future.
- Community Organization: This organization used our loan for real estate development, with plans to renovate the facility purchased to house up to nine families in need of transitional housing.
Small Town & Municipal Grant Writing
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.
NCIC joins NH Community Loan Fund
The New Hampshire Community Loan Fund and Northern Community Investment Capital (NCIC) have completed their merger, connecting two of the state’s longest-serving community development organizations.
Learn MoreSustainable Food Systems
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.
Energy Efficiency Solutions
The most recent of three community solar projects was completed this year. Three more have already received grant funding from the New Hampshire Department of Energy. And that’s just solar. Home weatherization programs have also brought down energy costs in ROCs throughout N.H.
Success by the Numbers
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.
91%
of investor capital actively deployed into our communities at close of FY24
100%
investor repayment rate over our 41 year history
$2.19
in economic impact generated for every dollar we lend
516,453
hours of coaching and guidance services provided since 2005
$1,000
minimum amount to become an impact investor in your community
$483M+
loaned since inception
Read On
Explore each chapter of the 2024 Annual Report by clicking on the card or button for each of the pages below.
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