Funding Partners 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.� Under the Mammel Affordable Housing Loan Fund, project financing is available for both non-profit and for-profit private sector borrowers.
In 1999, the House to Home Ownership (H2O)® program was introduced as a more flexible option for first-time buyers in need of assistance to acquire their home.� 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 of the Employee Home Ownership Program (EHOP)® and contractual relationships with local housing agencies.