X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Fannie Mae’s American Communities Fund is providing $3 million to jointly finance new developments with the Colorado Division of Housing. Fannie Mae, the nation’s largest originator of mortgages, is helping the state stretch scare resources to provide financing for key housing developments in priority rural and urban areas.

Fannie Mae already has participated with Colorado in building 42 units of for-sale housing in Ellicot Springs, a growing area in rural El Paso County; seven units of low-income housing in the Hillside neighborhood of Colorado Springs; and 20 units of affordable rental housing in Kit Carson County, a rural area with a scarcity of rental housing for working and young families.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.