FirstBank Finances Hawthorn Court, Boulder Housing Partners’ Latest Affordable Housing Project
2024年7月18日 - 1:00AM
FirstBank, one of the nation’s largest privately held banks with a
focus on “banking for good,” recently closed a $21 million loan
with Boulder Housing Partners (BHP) to support the Hawthorn Court
development. The project broke ground on May 14 and will add 73
units, including 40 one-bedrooms, 27 two-bedrooms, and six
three-bedrooms to the City of Boulder.
“By funding affordable housing, we’re providing
security, consistency and sustainability to countless individuals
and families,” said Adam Sands, Chief Banking Officer at FirstBank.
“Safe and attainable housing is also crucial in fostering a strong
economy, and we're excited to support Boulder Housing Partners in
building a foundation for everyone to thrive.”
Hawthorn Court will primarily serve households
making 30% to 60% of the Area Median Income (AMI), providing
much-needed housing options for families across the income
spectrum. Five units will also be set aside for families
experiencing or at risk of homelessness.
In addition, Hawthorn Court will prioritize
sustainability. The development will feature solar energy,
high-efficiency all-electric HVAC systems, high-performance
windows, electric vehicle parking, and certifications from
Enterprise Green Communities, Energy Star, and Zero Energy Ready
Homes. The community is located near public transit and retail
stores, making the location walkable and eco-friendly.
"Boulder Housing Partners is dedicated to meeting
the urgent need for affordable housing by providing accessible
housing,” said Laura Sheinbaum, Chief Real Estate Officer at BHP.
“We're thankful for partners like FirstBank that help turn this
vision into reality."
To learn more about how FirstBank supports
affordable housing, watch the bank’s Unlocking CO content series or
visit efirstbank.com/firsthome.
About FirstBankFirstBank began
providing banking services in 1963. Today, it’s known as an
industry leader in digital banking. It has grown to be one of the
top performing and largest privately held banks in the United
States, maintaining over 100 branch locations across Colorado,
Arizona, and California. FirstBank offers a variety of consumer
deposit accounts, home equity loans, mortgages, rental property
loans, and a full range of commercial banking services, including
business financing, commercial real estate loans, treasury
management, and more. Since 2000, FirstBank has been recognized as
a top corporate philanthropist, contributing more than $90 million
and thousands of volunteer hours to charitable organizations. The
company is also unique in that a large portion of its stock is
owned by management and employees, giving employees a financial
stake in the bank’s success through its Employee Stock Ownership
Program. For more information, visit www.efirstbank.com. Member
FDIC.
About Boulder Housing
PartnersBoulder Housing Partners strives to make living in
Boulder welcoming and affordable for people from a diverse range of
backgrounds, regardless of income. The housing authority for the
City of Boulder for over 55 years, BHP builds, owns, and manages
quality affordable homes for low and moderate-income residents,
while fostering thriving and sustainable Boulder communities. BHP
is one of a select group of public housing authorities in the
United States participating in the prestigious Moving to Work
program, which encourages innovation by providing flexibility in
the use of federal funds. Its communities have won national and
international awards for sustainability and affordable housing
development. For additional information on BHP, please visit
www.boulderhousing.org.
Media Contact:Chandra
Brin303.235.1402Chandra.Brin@efirstbank.com