Dartmouth Health invests $5 million in NH Community Loan Fund

Published: 12-15-2023 3:54 PM

Modified: 12-18-2023 11:52 AM


LEBANON — Dartmouth Health has invested $5 million to help manufactured homeowners purchase the land their homes sit in.

This month, the nonprofit health care organization invested an additional $2 million to the New Hampshire Community Loan Fund, bringing its total contribution to $5 million, according to a news release. That is the largest single investment to the fund, according to Dartmouth Health.

One of the functions of the Community Loan Fund is to assist manufactured homeowners in financing and purchasing the parks their homes are in, which gives homeowners more control over their properties.The fund also provides fixed-rate 30-year mortgages to lower income homebuyers and lends money to developers who are committed to building affordable multi-family rental properties, according to the release.

“Having a secure and healthy place to call home can decrease chronic stress and financial hardship,” Dr. Sally Kraft, Dartmouth Health’s population health officer, said in the release. “Additionally, it’s important to expand access to affordable housing in order to attract needed healthcare workforce to our region.”

CORRECTION: Dartmouth Health invested $5 million in the New Hampshire Community Loan Fund. A previous version of this story was incorrect in the nature of Dartmouth's funding.

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