Elevation Community Land Trust - Developer Startup Investment - Gates Family Foundation
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Project Description

The Foundation is part of an initiative to pilot a predevelopment funding product offering below-market interest rates to smaller, emerging, BIPOC and/or woman-led development firms.

Through the fund, Elevation Community Land Trust hopes to encourage growth in developers who reflect and are a part of the communities they serve, and to reduce barriers to entry for qualified firms and individuals who can increase access to affordable homeownership across Colorado.

Amount $550,000
Year Awarded 2023
Support Type Program-Related Investment
Strategic Priorities

Community Development

Areas Served

* Statewide

Website https://www.elevationclt.org/
Term 2 years
Payment Schedule
2023$550,000