Industry Leader in Developing Affordable Homes
Housing Catalyst is the largest local affordable housing developer in Fort Collins. Our real estate development experience spans more than 15 years and includes both new construction and rehabilitation. Our development portfolio includes 961 affordable units in 10 developments financed with Low Income Housing Tax Credits, private activity bonds, and other local, state and federal funding sources. With this combination of public and private financing, Housing Catalyst secures long-term financing for each development.
We seek opportunities to transform and revitalize neighborhoods, knowing that our investment in people and places will be a catalyst for stronger communities.
Housing Catalyst uses a Triple Bottom Line model to build healthy and sustainable affordable communities that support economic, environmental, and social health. All Housing Catalyst projects use the Enterprise Green Communities Criteria, which are national green building guidelines specifically for affordable housing, to ensure that our design and construction practices support access to healthier and more cost-efficient homes. These criteria translate into healthier living environments for residents and reduced operating costs and increased sustainability through energy efficiency.
Our experienced team has received numerous awards for its project designs, innovations, environmental sustainability, accountability and financial reporting.
Housing Catalyst was issued a AA- rating by Standard and Poors (S&P) in December 2016. The rating reflects S&P’s view of Housing Catalyst’s strengths, which include its:
- Strong enterprise risk profile, supported by high population growth and a relatively expensive rental market, good asset quality, and very strong management
- Strong financial profile, demonstrated by very low debt obligations and its ability to cover operating and maintenance (O&M) costs from rental income, its capacity to repay debt obligations from earnings before interest, taxes, depreciation, and amortization (EBITDA) in a timely manner, an extremely strong liquidity profile, and strong financial policies
- Very strong management, and development plans intended to strengthen its asset quality in the near term
All of Housing Catalyst’s development projects utilize public and private financing. Housing Catalyst has participated in federal programs administered by HUD, utilized funds from the Colorado Division of Housing such as the State HOME Program, and acquired Transit-Oriented-Development Program funding. At the local level, Housing Catalyst uses City of Fort Collins CDBG, and HOME funds.
Housing Catalyst’s experience with private financing instruments includes tax-exempt bonds and low-income housing tax credits — both the 4% and competitive 9% programs. Due to our long-standing relationships and large portfolio, we can secure the most competitive financing terms for a project and the highest available limited partner contributions. We have been successful in acquiring tax credits for a multitude of projects and have partnerships with an array of lenders and investors.