Economic Development Financial Institution: Colorado Community

At Impact Development Fund, we believe in opportunity –

for everybody.

Impact Development Fund’s mission is to help people within our underserved communities seek fulfillment for themselves and their families by providing access to affordable living. We create these opportunities by delivering flexible capital to nonprofit organizations, developers and others who support the underserved. Together, by lifting up the people in our communities, we strengthen Colorado.

What We Do

Impact Development Fund supports projects that bring together multi-faceted community stakeholders including nonprofit organizations, developers, community banks, individuals and local and state government. Starting with strategic planning for future projects, through the application process to ultimately securing financing, we help overcome obstacles to ensure critical Colorado community projects can break ground.

Our Impact

For 20+ years, we have provided economic development financing and technical assistance across the housing spectrum, creating a lasting legacy of affordable housing throughout the state.

VIEW OUR IMPACT MAP

2022 By the Numbers — Retail

513

IDF Consumer Loans

$23,477,539

in Consumer Loans

Housing Programs Administered on Behalf of Others

2022 By the Numbers — Commercial

IDF Commercial Loans

$35,818,575

in Commercial Loans

$47,057,205

Additional Financing

IDF supports both retail and commercial financing.

Retail

We offer financial products to consumers seeking to acquire, rehabilitate or improve the energy efficiency of their primary residence.

Commercial

We provide financing to nonprofit, for-profit and local agency developers seeking to expand and improve the inventory of rental and owner-occupied housing.

As a nonprofit Community Development Financial Institution (CDFI) certified by the United States Treasury, and as an approved CRA (Community Reinvestment Act) institution, IDF works with social impact investors, local municipalities, housing and financing authorities across Colorado, nonprofit organizations such as Habitat for Humanity, partner CDFIs and traditional banks. Our goal is to guide these partners along the path beginning with strategic vision to project financing and fruition.

Who We Are

Impact Development Fund is a team is of talented and motivated individuals who are passionate about what we do and the Colorado communities we serve. We believe firmly in our mission and are committed to give our all to improve the quality of life for the great diversity of underserved residents who choose to call Colorado home.

Sean Doherty

CHIEF EXECUTIVE OFFICER

CFA, CPA

Email Sean

Sean Doherty is the Chief Executive Officer of Impact Development Fund (IDF), a Colorado-focused Community Development Financial Institution (CDFI) located in Denver. IDF has been providing financing capital throughout the state since 1999 in support of affordable housing and nonprofit facilities projects.

Sean moved to Colorado from Maryland in 2015 where he spent over 25 years in commercial banking, brokerage and community development finance. Prior to joining IDF, Sean was the CFO for Baltimore Community Lending, another CDFI focused on the development needs of the City of Baltimore. He maintains designations as a CPA and CFA.

Sean currently lives in Northern Colorado with his wife and the 3 youngest of his 6 children.

Megan Ferguson

DEPUTY CHIEF EXECUTIVE OFFICER

Email Megan

Originally joining Impact Development Fund (then Funding Partners) in 2008, Megan brings a background in marketing, retail banking and residential mortgage lending. Utilizing these strengths, Megan oversees program design, loan origination and servicing operations, and processes and policies. As Deputy Chief Executive Officer, Megan is responsible for informing and overseeing implementation of micro and macro organizational operations strategies.

Megan currently holds board positions with Neighbor to Neighbor, the Windsor Housing Authority, and Rural Homes. Megan holds a Bachelor of Science Degree in Business Administration and Marketing from Colorado State University, and is a licensed Mortgage Loan Originator in the State of Colorado.

Megan currently lives in Northern Colorado with her husband and three children.

Executive Leadership

2022-2023 Board Members

Mark O'Connor (President)

Senior VP, Director of Investment
FirstBank Holding Company

Becky Christoffersen (Vice President)

Chief Investment Officer
Midwest Housing Equity Group

Micah Halverson (Secretary)

Partner
Kutak Rock LLP

Randy Ilich (Treasurer)

Vice Chairman
Colorado Federal Savings Bank

Brian Rossbert

Executive Director
Housing Colorado

Stephen Wessler

Senior Vice President
CBRE Capital Markets

Kristin Candella

Executive Director and CEO
Fort Collins Habitat for Humanity

John Pike

Senior Vice President
Vectra Bank, Commercial Real Estate

Dan Kusel

SVP – Commercial Credit Director
PNC Bank

Beth Truby

Preservation Program Manager
Colorado Housing and Finance Authority

Mary Stegner

Executive Director
Partners in Housing

Annie Perizzolo

CRA Loans & Investments Manager
American Express

Javonni Butler

Project Manager
Evergreen Real Estate Group

Renee Gallegos

Deputy Director of Housing Opportunity – Department of Housing Stability (HOST)
City of Denver

2023 Committee Members

LOAN COMMITTEE

Becky Christoffersen (Board Member, Chair)

Chief Investment Officer
Midwest Housing Equity Group

Beth Truby (Board Member)

Preservation Program Manager
Colorado Housing and Finance Authority

Erin O’Neill

Assistant Vice President
S.B. Clark Companies

Michael Reis

Affordable Housing Consultant

Lisa Blomquist-Palmer

Executive Director
HomesFund

Bob Munroe

Principal
RMM Advisors

Javonni Butler (Board Member)