FORT COLLINS, Colo. (January 11, 2010) - Funding Partners, a non-profit Community Development Financial Institution, is pleased to recognize U.S. Bank for its generous support of affordable housing needs in Colorado. 

 

U.S. Bank, through the U.S. Bancorp Foundation, has awarded Funding Partners $6,000 to help offset operating expenses attributed to Funding Partners’ Residential Purchase Assistance Programs throughout the state. U.S. Bancorp is the parent company of
U.S. Bank. The bank has been an integral part of Funding Partners’ success, providing financial support through grants awarded to residential purchase assistance programs and equity investments providing capital to Funding Partners’ Mammel Affordable Housing Loan Fund (MAHLF).

 

The U.S. Bank team is proud to support Funding Partners, an organization that provides vital assistance to people in need of affordable housing,” said Trish Johnson, retail district manager for U.S. Bank in Fort Collins. “Our community is stronger because of Funding Partners.”

 

Funding Partners provides loan servicing for over 20 organizations statewide who offer down payment and closing cost assistance to local residents. This allows many low to moderate income households and local workforce to afford homeownership. Since 1999, Funding Partners’ H2O program has issued 1,147 loans to Colorado households earning less than 80 percent of the Area Median Income; the approximate equivalent of earning $18 per hour, or less. In addition, FP has provided loan servicing for more than 380 loans throughout Colorado.

 

According to Joe Rowan, executive director of Funding Partners, “U.S. Bank has been a great partner to Colorado communities through direct equity investments, commercial and residential lending and services to low and moderate-income households. With a strong emphasis on building wealth through financial literacy and expansion of access to capital and credit, Funding Partners is extremely pleased to renew our long relationship with U.S. Bank.” 

 

For further information about U.S. Bank, please visit www.usbank.com   

 

For further information regarding Funding Partners’ loan programs, please visit www.fundingpartners.org