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Home My WebLink About2019 - Housing Catalyst - Annual ReportDevelopment Partnerships Developing affordable housing is complex and challenging. Bringing these opportunities to fruition requires creativity in our financial and development partnerships. As a national leader in affordable housing, Housing Catalyst often partners with other developers to help increase their capacity to build affordable housing in this region. We provide access to unique financing tools and expertise in utilizing local funding resources, along with innovative strategies in sustainable design and construction. We have assisted other organizations in building and preserving more than 1,000 affordable rentals in the Fort Collins area. COMMUNITY REPORT 2019Building Community. Inspiring Change. Housing Catalyst transforms neighborhoods while providing stable homes for families. We know building a better life and pursuing opportunity begins with having a place to live, and Housing Catalyst has provided thousands of Fort Collins families with affordable homes since 1971. We pride ourselves on being a mission-driven real estate developer at the leading edge of affordable housing, forging public- private partnerships to build a stronger community. The demand for housing that is affordable is higher than ever, with only 2% local rental vacancy rates. Investing in affordable housing has numerous benefits for the local economy — it creates jobs, boosts families’ incomes and encourages business growth. As Fort Collins’ most established affordable housing developer, Housing Catalyst is actively moving the region forward with healthy communities that offer more than just a place to live. We work to create communities built on a sense of pride and belonging while also enriching neighborhoods with inspiring design and amenities. Housing Catalyst has been proud to support the following entities and housing developments in our community: CARE Housing Provincetowne partnership and loan guarantees Neighbor to Neighbor portfolio loan guarantees Legacy Senior Apartments senior housing partnership Northern Hotel senior housing management DMA Plaza senior housing voucher subsidy conversion Mercy Housing Springfield Court partnership Lakeview on the Rise partnership and bond issuance Downtown Development Authority Oak Street developer/owner CARE Housing Swallow Apartments redevelopment and partnership Volunteers of America senior housing partnership and sponsor TWG and Elevations Community Land Trust Kechter land bank homeownership partner Elevations Community Land Trust public housing conversion homeownership Fort Lupton Meadows Apartments Bond Issuance bond issuance CSU and Timberline Church Site technical assistance Montava technical assistance | future developer 1,250+ families assisted with housing vouchers 2019 AT A GLANCE 195families supported through JumpStart self-sufficiency program 14,000+ maintenance touchpoints with residents 1,077 local residences owned and managed by Housing Catalyst AWARD-WINNING developments and services: Award of Excellence in Community Revitalization Village on Shields, National Association of Housing and Redevelopment Officials Award of Merit in Affordable Housing Village on Horsetooth, National Association of Housing and Redevelopment Officials Yes! In My Back Yard Award for Rehab Village on Shields, Mountain Plains NAHRO Certificate of Achievement for Excellence in Financial Reporting Government Finance Officers Association High Performer designation U.S. Department of Housing and Urban Development Healthy Business Leader certification Health Links 25% seniors 35% individuals with disabilities 38% children 4,000+ INDIVIDUALS SERVED ANNUALLY “When given an opportunity and chance, you can show the world what you’re really made of and move forward.” — JumpStart program participant Housing Catalyst’s mission is to create vibrant, sustainable communities throughout Fort Collins Building sustainable community assets • Construction began in 2019 for Mason Place permanent supportive housing • Formalized partnership with CARE Housing to rehabilitate and combine adjacent properties on Swallow Road • Formalized development partnership with the Downtown Development Authority to build future affordable housing in the heart of Old Town Strengthening our community • JumpStart enrolled 37 new families and graduated 19 families, each with an average of $7,660 in an accrued escrow savings account • Competed for and received 70 additional federal housing vouchers • Developed formal processes between resident services and property management to increase housing stability and prevent evictions • Worked with Poudre School District on strategies to increase academic achievement of resident children and improve parent/school relationships • Working toward fully integrated teams between property management and resident services to better serve residents Advancing our vision • Established a 5-year development plan with other Northern Colorado affordable housing developers • Repositioned public housing to transition to more sustainable and efficient financing and operations • Developed community assessments to understand residents needs and inform future service strategies MULBERRY ST.COLLEGE AVE.COWAN ST.S. LEMAY AVE.LINDEN S T. REDW O O D S T.STANFORD RD.LEISURE DR.SHIELDS ST.S. BRYAN AVE.S. BRYAN AVE.W. PLUM ST. W. ELIZABETH ST. HORSETOOTH RD. HARMONY RD. SWALLOW RD. PROSPECT RD. DRAKE RD. FAIRWAY LN.TAFT HILL RD.IMPALA CIR.MOUNTAIN AVE. RI V E R S I D E A V E . W. VINE DR. E. VINE DR. CONIFER ST.MAX LINEColorado StateUniversity City Park 287 DowntownFt. Collins Villages Leasing Center Rocky Mountain High School Poudre High School M Centennial High School COMMUNITY MAP REVENUES 1 Grant $15,294,313 2 Rent $10,534,068 3 Other $10,589,405 total revenues $36,417,786 1 2 3 EXPENSES * 1 Housing Assistance $11,225,820 2 Administrative $8,705,128 3 Maintenance $3,499,296 4 Utilities $937,092 5 Depreciation $7,901,244 6 Interest $3,861,526 7 Other $966,227 *For all owned and managed properties HousingCatalyst.com  970.416.2910  1715 W. Mountain Avenue, Fort Collins, CO 80521 total expenses $37,096,333 1 2 3 4 5 7 6 Housing Catalyst goes well beyond its requirement to submit audited basic financial statements by preparing a Comprehensive Annual Financial Report (CAFR). The CAFR is a thorough and detailed presentation of the organization’s financial condition. Housing Catalyst has received the Government Finance Officers Association’s Certificate of Achievement for Excellence in Financial Reporting for the last 6 years for its CAFR. Only 20 housing authorities in the United States have accomplished this feat. This recognition demonstrates that our financial reporting is robust, comprehensive, transparent and on par with the best governments. 2019 FINANCIALS Unaudited Financial Data $223,735,583 in owned and managed assets $103,389,429 in liabilities AA-Standard & Poor’s Rating