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Funding Partners & City of Loveland Collaborate in Deed Restriction Origination
Release Date:April 26th, 2011
Fort Collins, CO, April 26, 2011 – Funding Partners (FP), a non-profit Community Development Financial Institution, has executed a service contract with the City of Loveland to conduct the origination of all Deed Restrictions for the City’s affordable housing programs.
 
On behalf of the City of Loveland Community Partnership Development Office, Funding Partners provides information to families earning 80% or less of the area median income (AMI), who are purchasing permanently affordable homes within Loveland’s city limits.  Eligible properties are determined by the City of Loveland following the approval of the Affordable Housing Program application submitted by the property’s developer.
 
“True to our original mission of assisting in the creation and preservation of housing targeted to low and moderate income households within Larimer County, Funding Partners is extremely pleased to provide these services to our founding community partner”, according to Joe Rowan, Executive Director of the organization.  Rowan continues, “The vision within the community 15 years ago is just as relevant today as the need for public-private partnership continues to grow.” 
 
The City of Loveland’s Affordable Housing Program offers benefit to both the homeowner and the homebuilder.  Local residents entering into home ownership benefit from access to affordable home options; while the homebuilder is eligible for fee waivers, expedited review process with the City, and allowances for modifications to the site including landscape and setback requirements.  Funding Partners is excited to be a part of this local partnership opportunity that incorporates public, private and non-profit agencies working together to benefit our local community.
 
“The Community Partnership Office appreciates our partnership with Funding Partners and the work of providing affordable housing to Loveland residents,” according to Alison Hade, City of Loveland Community Partnership Office.
 
For further information regarding Funding Partners or the City of Loveland Partnership, please contact: Connie Ealey (970) 494-2021 or by email [email protected].
 
Contact Information:
Megan Gifford
Funding Partners for Housing Solutions
214 S. College Ave, Second Floor
Fort Collins, Colorado 80524