Colorado Rural Housing Development Corporation

Street Address:
7305 Lowell Boulevard, Suite 200
Westminster, CO 80030


Phone: 303-428-1448
Fax: 303-428-1989
Website: www.crhdc.org

Al Gold, Executive Director

Contact Name: Judi Patrick
Phone: 303-428-1448x201
Fax:
Email: jpatrick@crhdc.org


Staff Size: Full Time: 17    Part Time: 8

Background
Incorporated in 1971 to address the intolerable living conditions and lack of adequate housing in the rural areas of Colorado. The organization was created to research and develop housing opportunities for low-income rural families through the construction of safe, sanitary, and affordable housing.

Mission
Colorado Rural Housing Development Corporation and its affiliate corporations create strong and healthy communities through innovative approaches in providing sustainable and affordable housing, life-skills, and economic development opportunities to benefit low-to-moderate income households throughout Colorado through property development, financing, education, partnership, and technical assistance.

Total Operating Expense (9/30/2007): $2,615,258

 Lines of Business
  • Asset and Property Management

  • Community Based Economic Development

  • Home Ownership Promotion Services

  • Lending and Loan Portfolio Management

  • Real Estate Development


    • National NeighborWorks ® Programs
  • NeighborWorks Campaign for Home Ownership
  • NeighborWorks Community Building and Organizing
  • NeighborWorks Multifamily Initiative
  • NeighborWorks Rural Initiative

    • Accomplishments in FY 2008
  • Provided 166 families with pre- and post- purchase housing counseling.
  • Rehabilitated or repaired 0 rental or owner occupied units (1-4 units).
  • Assisted 73 families in purchasing a home through homeownership counseling, downpayment, closing cost or financing assistance.
  • Owned or managed 150 rental units.
  • Invested $340,105 in the community through Colorado Rural Housing Development Corporation's revolving loan fund, which leveraged $8,281,403 from conventional lenders and other sources.
  • Total direct investment in the community is $8,621,508.

    • Additional Accomplishments
    Date Additional Accomplishment
    1/17/2001 Provided 467 families with pre and post purchase housing counseling.
    1/17/2001 Assisted 226 families in purchasing a home, through down payment assistance and flexible financing in CY 2002.
    1/17/2001 Currently servicing 221 loans, exceeding $2.1 million.
    1/17/2001 Own 92 rental housing units with plans to double assets by CY2005.
    1/17/2001 CRHDC expanded its USDA Rural Development Leveraging program to service 11 of the 14 USDA Rural Development offices in the state.
    1/17/2001 HUD approved CRHDC to build two Senior Housing Projects (HUD202) in New Castle and Del Norte, Colorado and approved it's state-wide counseling grant application.
    1/17/2001 CRHDC built 20 homes in CY2002 using the Self-Help method of construction and expanded geographically to Trinidad.
    1/17/2001 CRHDC added the SEARS Home Maintenance Workshops as well as Financial Fitness to it's roster of classes offered.
    1/17/2001 In CY2003 CRHDC won the prestigious Eagle Award presented at the Colorado Housing NOW conference, honoring CRHDC's Self-Help accomplishments.
    12/1/2004 Awarded a "Salute" by Neighborhood Housing Services of America for CRHDC's Direct Line of Credit Loans and reported on in the NHSA Tribute Booklet.

    Community Services
  • Financial Planning and Assistance

  •  Down-payment Assistance

  • Green Building and Home Improvement

  •  Environmental Friendly Building Materials

  •  Indoor Environment Quality

  •  Renewable Energy Resources

  •  Sustainable Site Planning

  •  Water Quality and Conservation

  • Housing Programs and Home Ownership Counseling

  •  Home Ownership Center

  •  Home Ownership Counseling

  •  Rental Housing


    • Board of Directors
    NameBoard Role/TitleSectorCompany/OrganizationJob Title
    Norma AndersenBoard MemberState GovernmentColorado Housing & Finance AuthorityBusiness Development Specialist
    Sarah ArchibaldBoard PresidentFinancial InstitutionUS BankOfficer, Community Development Lending
    Debra BustosBoard MemberFinancial InstitutionUrban Land ConservancyDirector of Real Estate
    Renee DesaiBoard MemberFinancial InstitutionBank of the WestVice President - Regional Community Affairs
    Nino GalloBoard MemberOtherBoulder County Community Actions ProgramProgram Coordinator
    Jerry HarkinsBoard MemberOtherRetired - Mortgage Lending 
    Steve HeggeBoard MemberBusinessAIMCO 
    Jose MoranBoard Vice PresidentBusiness  
    Chester RdzakBoard TreasurerFinancial Institution  
    Daniel C VallezBoard MemberOtherVoices Community Resource CenterDirector

    About the NeighborWorks ® Network
    The NeighborWorks® network is a nationwide network of more than 240 community development organizations working in nearly 4358 urban, suburban and rural communities across America. These organizations engage in revitalization strategies that strengthen communities and transform lives. In the last five years alone, NeighborWorks® organizations have generated more than $8.5 billion in reinvestment and helped more than 500,000 families of modest means purchase or improve their homes or secure safe, decent rental or mutual housing.

    NeighborWorks ® America Contact Information
    District:  Rocky Mountain
    Name:  Josie Martinez-Littig
    Phone:  303-782-4805
    Toll-Free:  
    Fax:  303-782-5568
    Email:  jlittig@nw.org