the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
➤ Gửi thông báo lỗi ⚠️ Báo cáo tài liệu vi phạmNội dung chi tiết: the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
The Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedSwackCarsey Institute. University of New HampshireJolan RiveraSchool of Community Economic Development. Southern New Hampshire University39722This research was funded by a grant from the CDFI Fund, under Prime Contract GS-10F-0086K. Task Order TPD-ARC-07-K-00057. The views expressed here are those o the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedf the authors and do not necessarily represent the views of The CDFI Fund.Mainstreaming Acquisition Loans to Cooperative Manufactured Housing Communitthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
ies 1AbstractThe study aimed to provide evidence of the extent to which a financial product—land acquisition loans for manufactured home parks—performThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedNHCLF) to an underserved affordable housing market. The study hypothesized that The Loan Fund's effective introduction of the new loan product, coupled with excellent loan performance, led banks to adopt the loan product.The researchers examined loan records, conducted key informant interviews with the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedbank officers, facilitated focus group discussions with members of The Loan Fund, undertook a survey with the manufactured home conununities, and condthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
ucted a literature review.The results indicate that banks have mainstreamed the Manufactured Housing Conununity (MHO land acquisition loan product, asThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured under favorable terms.According to bank loan officers, the banks' mainstreaming of these loans can be attributed to the excellent loan performance of the MHCs. and to the technical assistance provided by The Loan Fund, among others.The results of this study highlight cooperatives as a viable mode o the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedf affordable home ownership. The results could encourage other community development financial institutions (CDFIs) to initiate the development and inthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
troduction of similar products to underserved markets in their areas of coverage, as well as encourage banks in other states to adopt similar productsThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured that are friendly to cooperative MHCs. in general, and to loans accorded them, in particular.U.S. Department of the Treasury. CDFI Fund - Research InitiativeMainstreaming Acquisition Loans to Cooperative Manufactured Housing Communities 2IntroductionThis section introduces the policy issues the stu the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactureddy addressed, and the research questions and hypotheses. It also reviews the related literature. The study sought to systematically examine the procesthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
s by which a community development finance institution—the New Hampshire Community Loan Fund (NHCT.F, The Loan Fund) introduced a new financial producThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedinstream financial institutions. Finally. the study explored how the underserved market was affected by a broader adoption of this product.Research Questions and HypothesesThe study looked al five related research questions. The two central questions were the performance of the product developed by the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedthe N1ICLF. and the adoption of the loan product by banks. Performance is conceptualized as a necessary but not sufficient antecedent to adoption by bthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
anks. Thus, performance and adoption are the main effects addressed in this study, rhe other three research questions are generally exploratory and seThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedtions:1.What are the nature and purposes of. and strategies employed by. The Loan Fund in introducing its manufactured home community loans to resident-owned, cooperative manufactured home communities (i.e.. “mobile home parks.” hereafter MHCs) that are. for the most part, situated in rural communit the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedies of New Hampshire?2.How have these MHC loans performed over time?3.To what extent, and why. have these loans to cooperative MHCs been adopted by cothe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
mmercial banks and other mainstream financial institutions?4.What arc some of the social and economic effects of these products on >111C residents?5.IThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactureded that:1.The Loan Fund was effective in introducing the new loan product (i.c.. initial financing; includes organizing and technical assistance, policy advocacy).2.The Loan Fund achieved excellent loan performance over lime (c.g., on-time repayments, low default rates).3.Mainstream financial instit the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedutions viewed the product favorably and adopted the loan product (as evidenced by quantitative analysis showing loan-to-value ratios, cost of financinthe-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufactured
g, preference for fixed vs. flexible rates, etc.).U.S. Department of the Treasury. CDFI Fund - Research InitiativeMainstreaming Acquisition Loans to CThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael S the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedunderserved market (i.e., increase in cooperative MHC conversion rate; positive qualitative perception).The conceptual diagram in Exhibit 1 below captures these research questions and corresponding hypotheses.Exhibit I: Conceptual frameworkThese policy issues are important in light of a number of tr the-experience-of-the-new-hampshire-community-loan-fund-in-mainstreaming-of-acquisition-loans-to-cooperative-manufacturedends and conditions enumerated below, and discussed in detail in the Contextual Considerations and Literature section.The Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael SThe Experience of the New Hampshire Community Loan Fund in Mainstreaming of Acquisition Loans to Cooperative Manufactured Housing CommunitiesMichael SGọi ngay
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