Funding Partners Logo
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.
 
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. 
 
“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
 
“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.”
 
Contact Information:
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524