Statistics
At the close of 2009 Mile High Community Loan Fund had made 113 loans totaling more than $40 million. Currently, MHCLF has a portfolio of 18 loans.
MHCLF measures its outcomes by the impact we have in the community. Funds from Mile High Community Loan Fund have helped finance:
- More than 3,600 units of affordable housing (at or below 80% AMI)
- 94% of those units were for very-low income families (< 60% AMI)
- More than 88,000 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 ($419 million).
- In 2009, 8 loans totaling $1.8 million were approved and 8 closed for $2.1 million.
- In 2008, 10 loans totaling $5.02 million were approved and 6 closed for $3.5 million.
- In 2007, 13 loans totaling $5.27 million were approved and 12 closed for $4.54 million.
- In 2006, 14 loans totaling $5,546,000 were approved and nine of those loans were closed for $4.6 million.
- Over the course of its history, MHCLF has experienced a less than 4% cumulative loss rate.