Housing Loans

Lending to support the development of affordable housing is the core of MHCLF’s role in the community. Since 2000, MHCLF has approved nearly $60 million in loans for the development and preservation of affordable housing for sale and multi-family rental housing throughout Colorado.

MHCLF makes loans to non-profit housing development organizations, housing authorities and mission compatible for-profit affordable housing developers.

Through loan participations with other local, regional and national community development lenders, MHCLF can meet the financing needs of borrowers well beyond the $1 million internal loan lending limit.

MHCLF has adapted its products to meet borrowers’ financing needs in a complex market environment. MHCLF uses a “high touch” approach to lending and routinely operates outside the margins of mainstream finance to leverage its resources and fill difficult financing gaps.

Basic Eligibility

Affordable Housing Developers that are:

  • Non-profit community development corporations
  • Non-profit service providers
  • Local Housing Authorities
  • Mission compatibleprivate developers

Use of funds:

  • Predevelopment expenses
  • Real Estate acquisition
  • Construction including rehabilitation and energy efficiency upgrades
  • Bridge financing
  • Mini-perm financing

Rates and Terms:

  • Interest rate varies with depth of affordability and risk profile
  • Origination fee of 1-2%
  • Up to 36 months; mini-perms up to 7 years


  • Real estate collateral required (except certain predevelopment loans)