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Funding Partners Provides Loan Servicing for Yampa Valley Housing Authority
Release Date:January 11th, 2011
January 11, 2011 - Fort Collins, Colo. – Funding Partners, a not-for-profit Community Development Financial Institution, is proud to announce their partnership with the Yampa Valley Housing Authority (YVHA), for the loan administration of the YVHA Down Payment and Closing Cost Assistance program providing financial assistance through loans made to residents of Routt County. 
 
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 Yampa Valley Housing Authority provides residents of the Routt County with community housing services including: Mortgage Credit Certificates, Down Payment Assistance, Energy Outreach Grants, Home Buyer’s Education, 1 on 1 Counseling, Pre-Qualification Services, and Deed Restriction Monitoring. The Down Payment & Closing Costs Assistance loan program offered in cooperation with Funding Partners provides assistance up to 5% of the purchase price or appraised property value, whichever is less, to qualified applicants employed and purchasing their primary residence within the YVHA jurisdiction. 
 
”The YVHA Down Payment & Closing Costs Assistance loan programs provided twenty-one loans during 2010 to our local working families,” said Mary Alice Page-Allen, Manager of Yampa Valley Housing Authority.  “We have a successful program because of our partnerships with the City of Steamboat Springs and the assistance of Funding Partners.  We are looking forward to another year of successfully providing housing assistance throughout Routt County.” 
 
“Funding Partners is very pleased to enter this collaborative arrangement with the Yampa Valley Housing Authority”, according to Joe Rowan, Executive Director of Funding Partners.  Rowan continues, “In good times and bad, it remains extremely important to pursue efficiencies while offering products and services that are cost-effective in meeting the needs of the local community.  We welcome this opportunity to further strengthen our relationships in Steamboat Springs and surrounding communities.”
 
Contact Information:
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524