Garfield County Housing Authority Implements Residential Assistance Program
Release Date:November 1st, 2010
Fort Collins, CO, November 1, 2010 � Funding Partners, a not-for-profit Community
Development Financial Institution, is proud to announce their partnership with
the Garfield County Housing Authority, who recently implemented a residential
purchase assistance program to provide down payment and closing cost assistance
to eligible local residents.� With home prices on the western slope priced beyond
the means of the local workforce; residents are typically subject to long commutes,
small living quarters and heavy competition from part-time residents for housing.
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The Garfield County Housing Authority serves residents living between Basalt
and Parachute with community housing programs including: for-sale affordable housing,
rental assistance, senior housing and now the down payment assistance loan program
offered in cooperation with Funding Partners.� The down payment assistance loan
program provides up to 3% of the purchase price with a maximum loan amount of
$10,000 to qualified applicants purchasing their primary residence between Basalt
and Parachute.�
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�We are pleased to offer this program for hard working families between Basalt
and Parachute. This program will help with down payment and closing cost gaps
to help open the door to homeownership for moderate income families.� Geneva Powell,
Executive Director
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�The Housing Authority certainly recognizes that owning a home isn�t the right
choice for everyone, though it certainly should be option for the many residents
of Garfield County who have demonstrated the capacity to accept the responsibilities�,
according to Joe Rowan, Executive Director of Funding Partners.� �The Housing
Authority has truly embraced the idea of making stable, affordable housing a high
priority for the long term success of the community.�
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Contact Information:
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524