HFHC works with state and federal agencies, regional and statewide corporations and foundations, and associations and organizations with a statewide presence to develop access to capital through grants, loan investments, preferred purchasing options and gifts in kind. More than a million dollars in grant funding is directly passed through to affiliates from Habitat for Humanity of Colorado each year, with more than $4 million in direct services benefiting affiliates.
HFCH assists affiliates through Accelerated Asset Recovery through a unique partnership with the Colorado Housing and Finance Authority, affiliates are given the opportunity to sell mortgages – accelerating asset recovery – at no discount. This program is the only one of its kind in the nation, and is accomplished through innovative bond structuring on the part of CHFA, who continues to extend the 0% interest loan to Habitat homeowners. The mortgage purchase program is an opportunity to invest a large amount of capital into building more homes, and is instrumental in building the capacity of an affiliate. HFHC offers a revolving loan fund to affiliates at no interest for a maximum term of two years. This financing can be used for emergencies, capacity building, or technology. In addition, HFHC is building partnerships to enable affiliates to access affordable capital through the Mile High Housing Fund and an equity investment from Wells Fargo Bank. These funds can be used for gap or bridge financing, construction, land acquisition, and other predevelopment costs.
HFHC hosts regional conference, Camp Colorado to bring high quality content and presenter to affiliates as well as the opportunities to network, meet funders, and speak with leaders from across the state and across the country. The conference attracts over 250 attendees from surrounding Western States.
HFHC holds an annual Legislative Luncheon, inviting all Colorado State Legislators to learn more about our organization and engage in our mission. HFHC monitors, and when needed, acts upon legislation affecting our ability to build, the quality of life for our homeowners and the general state of affordable housing throughout Colorado. Together we can create a Colorado that is able to better meet the housing needs for the vulnerable citizens in our communities – so that all of our families have a foundation upon which they can build hope for a better future.
Habitat for Humanity of Colorado, in partnership with the Crowley County Correctional Facility, has operated the Prison Partnership Program since 1999. The mutually beneficial program allows inmates at the correctional facility to learn construction trades and fine woodworking while providing cabinets, roof trusses, and countertops to Habitat for Humanity projects statewide at-cost. The program teaches inmates valuable job skills which will help them obtain gainful employment upon release, and ultimately help them avoid re-offending in the future. Correctional facilities are required to provide vocational training to inmates. This program truly allows inmates to give back to the communities in which they offended through their required vocational training. As one inmate said, “…cabinetry has taught me, and continues to teach me, the vital lesson of not taking shortcuts. Most failures in my life, including my incarceration, are attributable to this one fatal flaw.”