Combining Forces

MHCLF acquired Funding Partners for Housing Solutions (FP) , another prominent Colorado-focused CDFI serving the state’s low and moderate-income populations. MHCLF and FP have worked in exceptional, close-collaboration over the years to maximize availability of capital for the benefit of low and moderate-income households across Colorado.

Community Oriented

While MHCLF has deep roots in affordable housing financing, by 2008 the organization had evolved into a broader community financing resource. To reflect the growth and expansion of the Fund, the name was changed in 2008.

CDFI Assessment Rating System

MHCLF further expanded its markets to include the entire Front Range and resort counties in 2007. That same year MHCLF volunteered to participate in the CDFI Assessment Rating System (CARS) process and became one of the first 30 CDFIs in the country to complete the rigorous independent review and rating process.

Long Term Loans

MHCLF began making community facilities loans and introduced its mini-perm product to meet the need for longer term loans.

Statewide

In 2003, Funding Partners expanded its geographic market to include the entire state in recognition of the markets served by bank investors and lack of adequate resources in rural areas. 

Branching Out

MHCLF expanded their market area to include the seven county Denver metropolitan area. The City and County of Denver supported this regional approach and matched investments from the cities of Arvada, Lakewood, Boulder, Glendale and Englewood to further stabilize the young organization. The name of the fund was changed to the Mile High Housing Fund to reflect the regional focus of the growing organization.

Creation of H2O

MHCLF was founded to provide a source of early stage capital for organizations developing affordable housing in the City and County of Denver.

• Funding Partners introduced the House to Home Ownership (H2O)® program as a more flexible option for first-time buyers in need of assistance to acquire their home.

The Beginning

Funding Partners was incorporated as a 501c3 non-profit and subsequently certified as a Community Development Financial Institution (CDFI) in 1999. Originally the organization was a revolving loan pool to promote availability of safe, adequate housing affordable to working households in the Fort Collins-Loveland market.