Mile High Community Loan Fund

1905 Sherman Street
Suite 325
Denver, CO 80203
Office: 303-860-1888
Fax: 303-860-1848
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Statistics

At the close of 2007 Mile High Community Loan Fund had made 97 loans totaling more than $33 million. Currently, MHCLF has a portfolio of 17 loans.

MHCLF measures its outcomes by the impact we have in the community. Nearly $4 million has been leveraged for affordable housing and nonprofit facilities development. Funds from Mile High Community Loan Fund have helped finance:

  • More than 3,000 units of affordable housing (at or below 80% AMI)
    • 94% of those units were for very-low income families (< 60% AMI)
  • More than 50,000 square feet of nonprofit facilities space

We also measure our outcomes in the deployment of our funds (target rate of 80%) and by how much our funds are leveraged in the projects we finance ($360 million).

  • In 2007, 13 loans totaling $5.27 million were approved and 12 closed for more than $4.54 million.
  • In 2006, 14 loans totaling $5,546,000 were approved and nine of those loans were closed for almost $4.6 million.
  • Over the course of its history, MHCLF has experienced a less than 2% cumulative loss rate.