Mile High Housing Fund’ Renamed ‘Mile High Community Loan Fund

El Paso County’s Affordable Housing and Nonprofit Communities
Have New Name to Help Develop, Purchase or Remodel Space

submitted by: Jeff Martinez
Public Relations Consultant
720-323-2487

DENVER – It’s not just about housing, anymore.

To reflect its expanding scope of community development lending throughout the state of Colorado , including in El Paso County , Mile High Housing Fund has changed its name to Mile High Community Loan Fund (MHCLF). The organization began doing business under the new name on Jan. 15, 2008.

“Though we remain committed to the development of affordable housing, our name change reflects a new direction for the organization that will see us advance our mission by making loan products available to both the affordable housing and nonprofit sectors statewide,” said Jeff Seifried , executive director. “In doing so, we’ll make a larger impact through our investments.”


As it has become a reliable source of early stage, short-term capital financing in the affordable housing industry over the past several years, MHCLF’s investments have paid big social and economic dividends for communities across Colorado . Since 1999, MHCLF has promoted and preserved affordable housing by financing more than 3,000 housing units in 15 Colorado counties—the majority of which are available to residents whose household wages fall below the area median income.

Given the flexibility of its loan programs and its experience in facilitating public-private partnerships, MHCLF is well-suited to help public officials develop quality workforce housing in communities that are see large numbers of service-oriented and seasonal personnel. The organization’s efforts also have been known to help communities spur economic development activity.

“MHCLF has always been about filling gaps in the complex arena of community development and community development financing,” Seifried said. “Our strength lies in our ability to provide bridge financing for those hard-to-complete projects that can serve low- to moderate-income residents in challenged areas.”

Capitalizing on organization’s success in the affordable housing arena and the growth of the nonprofit sector, MHCLF leaders a few years ago diversified the agency’s mission to help nonprofit organizations secure, develop and or renovate new space.


Making its loans available with favorable terms and at affordable rates, the MHCLF quickly emerged as one of the precious few resources of capital financing for Colorado ’s nonprofit community. Since just 2005, the organization has loaned more than $4 million to local service agencies to purchase and develop some 50,000 square feet of nonprofit facilities statewide.


“As one of the few organizations working in this arena, we believe that we’ll continue to have tremendous success in helping nonprofits develop space for office use, classrooms, childcare facilities, and other human service program facilities,” Seifried said.

MHCLF has also changed its Web site address to reflect its new name. Individuals and agencies interested in learning about the organization can visit www.mhclf.org. There, they’ll find information about the organization’s services, products, partners and projects. &n bsp;

Affordable housing developers, local officials and nonprofit executives interested in learning more about MHCLF’s loan programs may also call 303-860-1888.



About Mile High Community Loan Fund
Now in its eighth year of business, MHCLF is a $12 million loan fund that invests in affordable housing and other community assets that create economic opportunity for low-income people and communities. MHCLF is a certified Community Development Financial Institution (CDFI). MHCLF is capitalized with investments from U.S. Bank, Wells Fargo Bank, Key Bank, Bank of the West, Mile High Banks, Calvert Foundation, Enterprise Foundation, Fannie Mae Foundation, the Colorado Housing and Finance Authority and the cities of Denver , Arvada , Boulder , Englewood , and Lakewood . To date MHCLF has made 97 loans totaling more than $33 million and has helped finance more than 3,000 units of affordable housing in the metro area.