Fort Collins, CO, July 10, 2007 � Funding Partners for Housing Solutions, a not-for-profit Community Development Financial Institution, has released production figures for the month of June that indicate substantial growth in its loan portfolio.� Utilizing FP loan products, individuals, housing agencies and for-profit developers are able to secure favorable financing through traditional lending institutions to expand inventory of housing affordable to workers earning $18 per hour, or less.� The organization delivers financial products to underserved markets and target populations throughout Colorado.

�

During the month of June, FP provided down payment assistance to 19 first-time home buyers and acquisition/development financing on 3 housing projects that represent $1,994,540 in loan volume.� The three housing projects, located in Colorado Springs, Denver and Windsor, will deliver 136 rental and 11 for-sale units; all with long-term rent/price restrictions that insure current and future generations will have access to safe, decent housing.

�

Under the House to Home Ownership (H2O) Down Payment Program� and third-party loan services, 19 families earning approximately $27/hour in combined household income were able to recognize the dream of home ownership. �Purchase assistance was provided within 9 counties during the month. The Mammel Affordable Housing Loan Fund (MAHLF) provided the necessary capital to acquire a site for future development of 100 rental units designated for individuals and families transitioning from homelessness, preserve 36 rental units for very low-income families, and land development to support construction of 11 single family dwellings affordable to households earning less than $42,500 per year.

�

For perspective, the previous one-month production record of $940,000 was set in April 2005, while loan production for all of 2006 amounted to $2,173,490, creating or preserving 365 housing units.

�

Joe Rowan, Executive Director of Funding Partners points out: �The devastating effects of the foreclosure crisis in many parts of the state carries an important reminder to anyone living here 25 years ago.� Real estate was somewhat depressed following the oil shale bust and very few communities encouraged the practice of locking-up workforce housing stock while prices were low.� As the economy diversified and expanded, renters and owners alike found themselves priced out of the market as net in-migration soaked up housing inventory.� As a result, we perhaps are experiencing a more enlightened approach this time around.�

�