Mile High Community Loan Fund
1905 Sherman Street
Suite 325
Denver, CO 80203
Office: 303-860-1888
Fax: 303-860-1848
Contact Us
How to Become an Investor
Investors
With more than $10 million in assets, many investors, past and present, including private foundations, banks, financing authorities, municipalities, and individuals have supported the Mile High Community Loan Fund mission of investing in affordable housing and nonprofit community facilities projects that improve economic opportunities for low-income and special needs persons.
MHCLF is always looking for additional partners and investors who are committed to building healthy communities. An investment in MHCLF is a meaningful and tangible way to put funds to work in disadvantaged and distressed communities and/or provide economic opportunity for low-income individuals.
Prudent Management
The Board of Directors and staff are committed to a philosophy of prudent financial management. Through careful underwriting and management MHCLF has never lost a dollar of invested capital. In 2007 MHCLF volunteered to participate in the Opportunity Finance Network CARS (CDFI Assessment and Rating System) process, an independent third party evaluation of financial and impact performance.
A complete CARS report is available to subscribers. A summary rating is available from MHCLF upon request.
Loan Capital Fund Investments
At the end of 2009, MHCLF had 16 loan fund investors with investment ranging from $50,000 - $1,500,000. Forty-three percent (43%) of the loan capital fund is equity. Individuals, banks, financing authorities, corporations and government entities can invest funds for various terms and returns. Loan capital fund investments are accepted for specific geographic areas, types of community development projects an/or for the general loan fund.
Operating Support Grants/Contributions
MHCLF relies on foundation and corporate donations for approximately 15-20% of its annual revenue (the balance of revenues comes from loan fees, interest and investment revenue). It is these funds that help us keep interest rates on MCHLF loans at below market pricing.
In 2009 seven banks and foundations provided support for operations to MHCLF.
How Banks can Invest in MHCLF
Banks have historically been some of the leading investors and contributors to MHCLF. Depending on the type and structure of an investment, banks can receive CRA credit on the investment, lending and/or service test.
- EQ2 Investments – A long term, deeply subordinate loan with features that make it function like equity. EQ2 investments have received formal regulatory opinion letters that provide favorable recognition of the EQ2 as a qualified investment under the CRA Investment test and as a vehicle for achieving multiple credit under the lending test.
- Charitable Contributions – Contributions to MHCLF, a 501(c)3 corporation help pay for the portion of operations not covered by program income. Contributions help keep interest rates on loans to our nonprofit borrowers as low as possible. Contributions also make it possible to provide technical assistance and seek new ways to measure the impact the Fund has on the communities served.
How Individuals can Contribute to MHCLF
- By lending money to the Loan Fund
- By donating money to MHCLF for operating support
- By referring loan and investment opportunities
- By introducing us to potential partners working to create economic opportunity through affordable housing and community facility development activity.
Please contact Jeff Seifried, Executive Director, at jeffs@mhclf.org or 303-860-1888 to learn more about investment and contribution options.