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Home My WebLink About2018 - Housing Catalyst - Annual ReportHousing Catalyst is a mission-driven community developer at the leading edge of affordable housing. We forge public-private partnerships to build strong communities built on pride and belonging. Actively moving the region forward, we’re reinventing how people access, experience and perceive affordable housing. Village on Horsetooth Housing Catalyst’s newest development opened in October 2018, bringing affordable apartments to central Fort Collins. This community features a large greenspace at its center, community gardens, playground, dog park, covered bike parking and walking paths that connect to a city trail system. Its location is ideal for families — within walking distance to three schools, several large city parks and a bus stop. • 96 apartments (1,2, 3 & 4 bedroom) on 8 acres • 9 residential buildings & community center • $27.2 million new construction COMMUNITY REPORT 2018 Building Community. Inspiring Change. Housing Catalyst transforms neighborhoods while providing stable homes for families. We know that building a better life and pursuing opportunity begins with having a place to live, and we strive to make living in Fort Collins affordable, regardless of income. We provide the critical tools families need and serve as an anchor for people whose lives need stability and support. Village on Shields When Housing Catalyst purchased this community, it was in dire need of repairs and upgrades. In 2018, all apartment interiors and exteriors were renovated, and residents now have central air conditioning, beautiﬁ ed outdoor green spaces, new playgrounds and a dog park. The pool and community building, previously non-operational, now include a ﬁ tness room and expanded gathering spaces. • 285 apartments (1,2 & 3 bedroom) on 17 acres • 22 residential buildings, 76 garages, community center & leasing ofﬁ ce • $67.8 million rehabilitation Highlights of 2018 1,305+ families assisted with housing vouchers 2018 AT A GLANCE 203families supported through JumpStart self-sufﬁ ciency program 96 new apartments built 285 apartmentsrehabilitated 1,092 local residences owned and managed by Villages AWARD-WINNING developments and services: Integrated Design Assistance Program Award Energy-Efﬁ cient Construction of Village on Redwood, City of Fort Collins Utilities Award of Excellence in Project Design Village on Redwood, National Association of Housing and Redevelopment Ofﬁ cials Yes! In My Back Yard Award for Housing Development Village on Redwood, Mountain Plains NAHRO Certiﬁ cate of Achievement for Excellence in Financial Reporting Government Finance Ofﬁ cers Association High Performer designation U.S. Department of Housing and Urban Development Healthy Business Leader certiﬁ cation Health Links 12% seniors 21%individuals with disabilities 37% children 4,000+ INDIVIDUALS SERVED ANNUALLY & “The renovation is beautiful!” — Village on Shields resident Housing Catalyst’s mission is to create vibrant, sustainable communities throughout Fort Collins Building Vital Community Assets • Village on Horsetooth construction completed, providing 96 new affordable apartments • Village on Shields major renovation of 285 apartments, clubhouse and pool completed • Village on Redwood recognized for meeting its utility conservation benchmarks • Development of Mason Place permanent supportive housing approved by city; development partners selected Strengthening Our Community • Redtail Connect event linked Redtail Ponds residents with 14 community resources onsite • Redtail Ponds successfully transitioned 8 people to other permanent housing • JumpStart enrolled 39 new families and graduated 16 families, each with an average of $6,167 in an accrued escrow savings account • Resident services expanded its program staff to equip and empower residents for success • Housing Catalyst and community partners explored strategies to support resident children’s success in school Advancing Our Vision • Property Management and Maintenance improved workﬂ ow systems • Housing Catalyst implemented online applications for voucher applicants (89% utilization) • Housing Catalyst co-sponsored a community education event with Matthew Desmond, author of Evicted: Poverty and Proﬁ t in the American City 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 $13,332,564 2 Rent $9,056,766 3 Other*$19,792,559 total revenues $42,181,889 1 3 2 EXPENSES * 1 Housing Assistance $10,367,104 2 Administrative $6,696,926 3 Maintenance $2,953,689 4 Utilities $882,292 5 Depreciation $4,209,001 6 Interest $2,150,235 7 Other $891,222 *For all owned and managed properties HousingCatalyst.com 970.416.2910 1715 W. Mountain Avenue, Fort Collins, CO 80521 * Other includes a $6.1M gain on property sales, which was reinvested into new construction and rehabilitation projects. total expenses $28,150,469 1 2 345 7 6 “I’m extremely grateful for the incredible support and tremendous, life-changing services I have received from so many caring and talented professionals. To others out there seeking a better life, work with your housing coordinators and take advantage of the great programs that are available. Say ‘yes’ when the world offers opportunities!” — Housing Catalyst community resident 2018 FINANCIALS Unaudited Financial Data $220,142,742 in owned and managed assets $128,111,378 in liabilities AAStandard & Poor’s Rating