Fort Collins, CO, March 10, 2011 � Funding Partners, a non-profit Community Development Financial Institution (CDFI), is proud to announce its partnership with Upper Arkansas Area Council of Governments (UAACOG) to support the Prairie Sage Development in Ca�on City.

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The Prairie Sage development consists of 34 permit-ready single family lots and utilizes a combination of the USDA/Rural Development Section 523 and 502 Direct Home Loan Programs to construct affordable housing for qualified residents of Fremont County.� The homes are reserved for households with incomes that do not exceed 80% of the Area Median Income. Under the law, at least 40% of Section 502 loan funds must go to very low income households (not exceeding 50% of median). All families provide 15-20% of the home value in the form of sweat equity.� Prospective homeowners are allowed to choose from 15 potential plans, ranging between 1,050 to 1,300 square feet of living space, 3 and 4-bedroom, 2-bath, one-story, 1 or 2-car garage configurations.

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�UAACOG is appreciative and pleased for the opportunity to enter into a partnership with Funding Partners.� Their assistance will allow our agency to continue providing affordable housing in Fremont County,� stated Sharon McKinsey, UAACOG Housing Director.

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The Upper Arkansas Area Council of Governments (UAACOG) is a quasi-governmental organization formed in 1974 as a grant clearinghouse for federal and state programs to Colorado�s Planning Region 13 (Chaffee, Fremont, Lake and Custer Counties).� The agency also houses several service programs on behalf of its members including housing related programs.

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Utilizing the Mammel Affordable Housing Loan Fund, Funding Partners was able to restructure current financing of the Prairie Sage Development to provide greater flexibility in light of prevailing market conditions.�

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�Funding Partners is pleased to support this important project for working families in an area of the state that hasn�t received adequate attention from the larger financial institutions,� according to Joe Rowan, Executive Director of Funding Partners.� Rowan continues, �The UAACOG is to be congratulated for their diligent efforts to improve the quality and quantity of housing stock that is affordable to families living on less than $35,000 per year in spite of very challenging conditions.� The folks served by this project are the same people the community depends upon to keep the local economy moving.��

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Funding Partners� Mammel Affordable Housing Loan Fund (MAHLF) provides necessary financing to agencies across Colorado that create, rehabilitate or preserve affordable housing stock.� Since program inception, FP has provided over $22 million in financing to support more than 81 affordable housing projects loans for low to moderate income households. By utilizing a capital base of over $10 million, FP has delivered significant benefit to low-income communities throughout Colorado.