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.

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

2023 By the Numbers — Retail

453

IDF Consumer Loans

$34,308,537

in Consumer Loans

Housing Programs Administered on Behalf of Others

2023 By the Numbers — Commercial

IDF Commercial Loans

$40,598,550

in Commercial Loans

$37,937,450

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.

Megan Ferguson

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. As Chief Executive Officer, Megan is responsible for bringing continuity, insight and a deep understanding of our organization’s unique strengths and innovative solutions to continue fostering our impact.

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

2024 Board Members

Becky Christoffersen (President)

Chief Investment Officer
Midwest Housing Equity Group

Mark O'Connor (Past President)

Senior VP, Director of Investment
FirstBank Holding Company

Javonni Butler (Vice President)

Project Manager
Evergreen Real Estate Group

Micah Halverson (Secretary)

Partner
Kutak Rock LLP

Randy Ilich (Treasurer)

Vice Chairman
Colorado Federal Savings Bank

Brian Rossbert

Executive Director
Housing Colorado

Kristin Candella

Executive Director and CEO
Fort Collins Habitat for Humanity

John Pike

Senior Vice President
Vectra Bank, Commercial Real Estate

Kristi Budish

Commercial Operations & Underwriting
Colorado Housing and Finance Authority

Jenn Lopez

President
Project Moxi

Mary Stegner

Executive Director
Partners in Housing

Dan Kusel

SVP – Commercial Credit Director
PNC Bank

Annie Perizzolo

CRA Loans & Investments Manager
American Express

Renee Gallegos

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

2024 Finance Committee Members

Randy Ilich (Board Member, Treasurer)