New Hampshire Community Loan Fund Receives $25,000 For Affordable Housing

CONCORD, NH — Merrimack County Savings Bank, known as The Merrimack, provided a $25,000 contribution to the New Hampshire Community Loan Fund.

This funding is intended to support affordable housing initiatives across New Hampshire. The donation specifically targets assisting low- and moderate-income families in acquiring new, energy-efficient manufactured homes.

The contribution was made possible through the Community Development Finance Authority (CDFA) tax credit program. This program allows New Hampshire businesses to receive a state tax credit for 75 percent of their contributions to qualifying economic or community development projects. CDFA reviews project applications to determine feasibility and impact on the state's economic development.

"By investing in the Community Loan Fund we’re investing in security for our neighbors and community," Linda Lorden, president of The Merrimack, stated. "We’re grateful for the opportunity to help make homeownership possible for more New Hampshire families."

Manufactured housing offers an affordable option for many working families and first-time buyers in New Hampshire. The median cost of a home in New Hampshire was $535,000 in 2025, a figure that can be unattainable for many.

"Safe, stable, and affordable housing is the foundation for strong families and thriving communities," Katie McQuaid, the SVP of Philanthropy & Community Engagement at the Community Loan Fund, said. "By helping families purchase modern, energy-efficient manufactured homes, we’re not only improving quality of life today, but also creating long-term financial security and sustainability."

The Community Loan Fund, established in 1983, provides various forms of support. This includes assistance for manufactured-home purchases, resident-owned communities, small business growth, affordable housing development, and energy-efficiency projects. The Merrimack has served Central and Southern New Hampshire since 1867.