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Recent News

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Our Mission

Our Mission

Mile High Community Loan Fund invests in affordable housing and other assets to improve economic opportunities of low income persons and communities.

 

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Affordable Housing Success Stories

Animals Village Apartments Predevelopment Loan Closed

MHCLF recently closed a $250,000 secured predevelopment loan to MGL Developers, a Denver-based affordable housing development group.  MGL received a 9% LIHTC allocation in 2013 for their Animas Apartments project in Durango.  The project will serve families with 5 units at 30% AMI, 15 units at 50% AMI and 30 units at 60% AMI.  Fifty apartments, half one-bedroom and...

Marston Pointe Apartments

MHCLF teamed up with Funding Partners to provide a $2 million subordinate acquisition loan to help Metro West Housing Solutions acquire Marston Pointe Apartments in Lakewood.  The 160-unit complex built in the late 1990s was approaching the end of its tax credit compliance period and it becomes the tenth apartment community property in MWHS’s portfolio. The loan request exceeded...

Garden Court Apartments

Three hundred low-income families and seniors are enjoying lower energy costs thanks to a $1.05 million weatherization project managed by Energy Outreach Colorado (EOC) and funded, in part, by a five-year $325,000 MHCLF mini-perm loan.  The affordable housing community, owned by Rocky Mountain Communities, was upgraded with the installation of new heating boiler plants in each of the 14...

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