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Colorado Single-Family Mortgage Bonds
The Colorado Housing and Finance Authority (CHFA) has developed a private placement bond program, collateralized by a pool of taxable single-family first and second mortgage loans targeted to low- and moderate-income homebuyers and homeowners, to support the efforts of Colorado banks to invest in affordable housing. This private placement bond program provides an investment opportunity for banks that may qualify for consideration under the Community Reinvestment Act. These bonds, though unrated, are additionally secured by CHFA's general obligation pledge.

CHFA's private placement bond program allows each bank investor to select the geographic coverage of its investment, the targeted income of the borrowers, and the size of their investment. CHFA will offer these private placement bonds on a semi-annual basis.

To learn more about these private placement bonds, please contact John Dolton at (303) 297-7328, or visit www.colohfa.org.

[Published in News from the Districts, Community Developments Investments, Spring 2006]

Colorado Revolving Loan Fund Leverages Bank Investments
Bank investments in revolving loan funds like the Colorado Enterprise Fund can improve the future financial strength of entrepreneurs who may develop into future small business borrowers. The Colorado Enterprise Fund (CEF) is a non-profit community development financial institution providing financing for small businesses that may qualify for future bank loans but need time and experience to demonstrate that they are bankable. CEF provides up to $150,000 to entrepreneurs who are unable to obtain financing from traditional sources. CEF also provides management assistance to their small business borrowers. CEF provides entrepreneurs access to pro bono professional services for legal, accounting, investment banking, and public relations questions. CEF loan programs include a specialized loan program designed to facilitate capital investment in childcare businesses. The expansion of childcare businesses provides a critical service to the employees of many companies as well as economic development. Investors in CEF include the U.S. Small Business Administration, the State of Colorado, US Bank and FirstBank.

Contact: Colorado Enterprise Fund (303) 860-0242; http://www.coloradoenterprisefund.org.
[Published in News from the Districts, Community Developments Investments, Summer 2004]

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