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Affordable Housing Development2022-05-16T10:09:32-06:00
15 years
of experience
in affordable real estate development
961
affordable units
across 10 developments in our development portfolio
AA-
S&P Rating
issued in December 2016 reflects the strength of our profile

Industry Leader in Developing Affordable Homes

Housing Catalyst is the largest local affordable housing developer in Fort Collins. Housing Catalyst’s affordable housing 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.

Sustainable Development

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.

Award-Winning Team

Our experienced team has received numerous awards for its project designs, innovations, environmental sustainability, accountability and financial reporting.

Fiscal Responsibility

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.

Development News

Housing Catalyst shares plans for Impala redevelopment

Housing Catalyst is sharing early plans for their redevelopment of several properties off of Impala drive. The project will include the current Village on Impala as well as connected properties that are currently under HUD review for disposition approval. Adding Homes and Community Features The Impala sites currently More...

March 23rd, 2022|

Housing Catalyst increases availability of affordable homes through Section 18 disposition

Housing Catalyst is moving forward with a Section 18 disposition that will increase the number of affordable homes in Fort Collins. The agency currently owns and manages 70 affordable rental units throughout Fort Collins that are part of the U.S. Department of Housing and Urban Development’s (HUD) public housing program. More...

February 24th, 2022|

Housing Catalyst and the Downtown Development Authority celebrate breaking ground on Oak 140

On September 30, Housing Catalyst and the Downtown Development Authority celebrated a milestone for the new Oak 140 development. After years of preparation and planning, construction officially began on the five-story, mixed-use building. Representatives from Housing Catalyst, the Downtown Development Authority, and the City of More...

October 5th, 2021|
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