CoNorth Loan Fund for Acquisitions and Refinancing
Our loan fund is designed to address the particular financing needs of resident-owned communities.
Cooperatives need access to mission-aligned financing.
CoNorth Loan Fund (CLF) provides acquisition and permanent loan products which provide secondary financing to resident-owned communities for the purchase of their manufactured home communities.
CoNorth launched the CoNorth Loan Fund (CLF) in 2023, and the fund making its first loan in 2024. As of the end of 2025, the Fund has deployed $6.7 million in loans to resident-owned cooperatives. CLF is on track to become a federally certified Community Development Financial Institution (CDFI) by the end of 2026. CDFI certification will expand the Fund's access to federal funding and other sources of mission-aligned capital, strengthening its ability to finance more cooperative housing projects and leverage additional investment in resident-owned communities.
CLF is affiliated with CoNorth and primarily serves the communities and projects within CoNorth’s cooperative housing ecosystem, while operating under the oversight of its own Board of Governors.