CREJ

Page 42 — Multifamily Properties Quarterly — May 2022 www.crej.com ules, has been featured by History Colorado, and offers free learning sessions to interested organizations toward paving a path to a time when ZIP code doesn’t matter anymore. Many still are struggling with the residual impacts of the COVID- 19 pandemic, with marginalized households most likely to be suffer- ing extended health and economic harm. Last year, Enterprise co-led diverse coalitions in a series of suc- cessful appeals to Gov. Jared Polis for executive orders to help keep renters housed; supported a coor- dinated response among state and local agencies and affordable hous- ing providers to share solutions for pandemic-related challenges; and advised local funders on effective funding opportunities. Enterprise is actively engaged with afford- able housing experts, advocates and policymakers to ensure that the hundreds of millions in federal funds dedicated to affordable hous- ing translate to meaningful oppor- tunities for those with the greatest needs. In 2016, Enterprise partnered with the Corporation for Supportive Housing as the “pay for success” intermediary for the Denver Social Impact Bond program that focused on meeting the needs of people experiencing chronic homeless- ness. The SIB devoted resources to housing and intensive support that reduced chronically homeless indi- viduals’ interactions with high-cost public systems, including emergency services and jail. After five years of rigorous evaluation, the innovative SIB has been deemed a remarkable success, proving that investing in housing with intensive supportive services can break the homeless- ness-jail cycle with significant ben- efits to both individuals and com- munities. s Rodgers Continued from Page 35 pleased to add a new organization based in Colorado to its network: the Oweesta Corp., a U.S. Treasury- approved Community Development Financial Institution, deepening its reach to Native American communi- ties around the country through its network of CDFIs. To keep Coloradans’ housing secure and quality of life high, NeighborWorks America knows that collaboration is key throughout the industry and includes Realtors, developers and other real estate professionals in its efforts. Solu- tions require teams. Everyone in the industry has a collective responsi- bility to support our communities and house the unhoused stably. For some, multifamily homes are a place to start as individuals and families work toward homeownership or a place to stay as a tight housing mar- ket worsens. For others, it’s a place where affordability and services can help them become a permanent part of a thriving community. A lack of affordable inventory of multifamily homes and for-sale single-family homes continues to be a top issue in Colorado. Our network organizations work to find solutions, supporting NeighborWorks’ mission of creating opportunities for people to live in affordable homes, improve their lives and strengthen their com- munities. For more information about Neigh- borWorks America and its Colorado member organizations, please visit these links: • www.neighborworks.org/home • https://crhdc.org • www.hrwco.org • www.n2n.org • https://nwsoco.org • www.oweesta.org • https://rockymountaincommuni- ties.org • https://thistle.us/ • www.totalconcept.net • www.neighborworks.org/our- impact/neighborworks-impact/colo- rado s Hasegawa Continued from Page 35 through its Middle-Income Access Loan Program to support a 132-unit development being built in Gypsum, which serves residents with incomes between 80% and 120% of AMI. Since 2017, the loan program also has sup- ported four developments located in Denver, Estes Park, Keystone and Steamboat Springs. All develop- ments combined have supported a total of 622 units. Also last year, CHFA supported the new construction of 12 for-sale homes in Aurora called Emporia Street Duplexes. CHFA invested $1.5 million to support this development – the first transaction of its kind for the organization. Emporia Street Duplexes will be sold to households with incomes at 80% of AMI or below. CHFA also informs our affordable housing investment through com- munity engagement and provides funding to local nonprofits and com- munity organizations whose mis- sions align with CHFA’s. For exam- ple, CHFA contributed more than $1.4 million through its Direct Effect Awards in 2021, supporting 116 Colorado nonprofits, many of which provide services and programs to support housing stability. CHFA also provided over $1 million in regional community investment grants and $590,000 in housing solutions grants in 2021 to support various unique housing needs across Colorado. CHFA looks forward to growing our programs and continuing to find cre- ative ways to support much-needed affordable housing statewide. Col- laborating with key partners and building capacity to meet mutual goals will remain vital to serving Colorado. s White Continued from Page 36 At Bank of Colorado, our team has the experience and relationship-based lending services to help your residential or commercial financing needs. Solutions for purchases, refinances and new construction include: Multifamily Office/Retail Industrial/Warehouse Space Construction MINDY KOEHNEN Senior Vice President 206 E. 4 th Street, Suite 200 Loveland, CO 80537 303.570.1036 Office mindy.koehnen@bankofcolorado.com NMLS# 2130444 Shopping Centers SBA 504 Loan Programs Bridge Loans And More! IT TAKES MORE THAN BRICK & MORTAR TO GET THE JOB DONE. 22_BC31_MINDY_KOEHNEN_AD.indd 1 4/11/22 12:16 PM