Series: Why the Ford Foundation supports the NH Community Loan Fund
August 22, 2024
George McCarthy of the Ford Foundation explains why the foundation lends to the New Hampshire Community Loan Fund. "You've been providing really, really high risk money to people that most banks wouldn't even lend to and you haven't lost a dollar?!"
George McCarthy of the Ford Foundation explains why the New Hampshire Community Loan Fund's lending programs have been so successful: "They know who they're lending to, they know what they're lending to and they're also willing to work with whoever they lend to to be sure they're prepared to be borrowers, and that they're going to be successful down the road."
George McCarthy of the Ford Foundation on how the New Hampshire Community Loan Fund saw a need (residents of manufactured-housing parks losing their homes), applied innovation and skill to solve the problem, and created a strategy that is changing the manufactured-housing industry.