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U.S. Bank Grants $6,000 to Funding Partners
Release Date:January 6th, 2011
 
FORT COLLINS, Colo. (January 6, 2011) - 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’ affordable housing programs operated 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).
 
“U.S. Bank is honored to support Funding Partners because it provides much needed support of affordable housing in Colorado,” said Steve Lovas, regional president for U.S. Bank. “The work that Funding Partners does improves the quality of life for all Coloradoans.”
 
Funding Partners has developed frameworks and programs that address the low income community’s housing needs and effective ways of fulfilling those needs across the housing continuum. Funding Partners provides loan servicing for 24 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. Funding Partners’ focus is to maintain, create and rehabilitate affordable housing developments and continue to offer reliable housing options for first-time, low income or workforce home buyers to ensure long term success. 
 
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 continue 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
Contact Information:
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524