Company History

Incorporated in 1996 as a 501c3 non-profit and subsequently certified as a Community Development Financial Institution (CDFI) in 1999 by the Department of the Treasury, Funding Partners (FP) is governed by a volunteer Board of Trustees representing human service providers, housing agencies, public officials private enterprise and financial institutions.

Originally envisioned as a revolving loan pool to promote availability of safe, adequate housing affordable to working households in the Fort Collins-Loveland market, FP received start-up funding and initial loan capital from both cities to leverage private investment from banks and other private-sector entities.

In 2003, FP expanded its geographic market to include the entire state in recognition of the markets served by bank investors and lack of adequate resources in rural areas. To better utilize sophisticated systems and procedures, FP began offering third-party loan services with the introduction the Employee Home Ownership Program (EHOP)® and contractual relationships with local housing agencies.

Through 2005, FP loan capital stands at $8 million with $16 million in direct loans and $2.4 million in third-party activity. FP financing has been used to leverage other sources to complete aggregated projects in excess of $253 million, a ratio of 16-1.