FirstBank, Urban Land Conservancy, Colorado Health Foundation, the Denver Foundation and Colorado Housing and Finance Authority Partner to Launch $50 Million Metro Denver Impact Facility
* * *
- New Loan Facility is Financing Acquisitions to
As a response to the current real estate affordability crisis in the
"
ULC has utilized the newly created MDIF to acquire Harlan Nonprofit Center, a 29,000 square foot nonprofit serving building. The property is currently home to the headquarters of
"Families and our nonprofit partners are being pushed out of their communities or relocating due to the high costs of real estate. This is a health equity issue. To ensure people have what they need to be healthy, they need affordable and available space to live and work." said
"Rising real estate prices are causing real pain for many residents of the communities we work with.
As the sole borrower of the MDIF, ULC has a proven track record of creating, fully expending and fully paying back two revolving loan funds for the purpose of stewardship and the development of beneficial real estate. ULC's investments in the
"MDIF is an excellent tool to further ULC's mission of preserving, acquiring and developing real estate for long term community benefit," said ULC's President and CEO,
"Working together with partners to help address affordability issues is core to CHFA's mission, and MDIF represents the kind of collaboration and innovation needed to strengthen communities. CHFA is proud to invest
ULC has commitments from additional lending partners and is working to secure
Viasat Introduces Viasat Urban Wi-Fi, the Fastest Satellite-Enabled Broadband Service for Urban Areas across Mexico
Guidewire Recognised as a Leader in the Inaugural Gartner Magic Quadrant for Non-Life Insurance Platforms, Europe
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News