Founded in 1999 as a community-based, nonprofit organization providing early-stage capital for entities developing affordable housing, Mile High Community Loan Fund is now an $18 million fund that helps finance: the development or preservation of affordable housing; the development, redevelopment or renovation of commercial real estate; and the purchase, rehabilitation and/or construction of facility space by nonprofits serving low-income populations. As of the end of 2015, the fund had approved 155 loans totaling more than $59 million, which helped finance more than 6,700 units of affordable housing and more than 385,000 square feet of nonprofit facility space.
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