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Look at what Uncle Sam's left under the tax tree.(TAX UPDATE): An article from: New Hampshire Business Review [H] [T] [M]
Steve Feinberg (Digital) Business Publications, Inc. 2008-12-19
Release date: 2009-01-16
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Community Loan Fund President Juliana Eades said: “The Wachovia NEXT Award is not just tremendous affirmation of our work. The $5-million loan will allow us to keep expanding our lending amid the current market contractions and uncertainty.”
“We hope that not too many years down the road, millions of families across the U.S. are no longer penalized by unfair financing when they purchase a manufactured home,” she said.
Many families living in manufactured homes have low incomes, and their house is their largest investment. But families whose manufactured homes sit on rented land, usually in parks, find that their houses don’t grow in value like they would if the families controlled the land beneath them.
Twenty-six years ago the Community Loan Fund started helping park residents form cooperatives to buy their parks – the land and the infrastructure – and manage them.
There are now 93 resident-owned communities in New Hampshire, home to more than 5,000 families. The strategy has successfully prevented families from being displaced and possibly homeless due to park closures. It addressed environmental problems in some parks. And resident-ownership stabilized rents in those parks.
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