FirstBank Finances Hawthorn Court, Boulder Housing Partners' Latest Affordable Housing Project [Yahoo! Finance]
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Source: Yahoo! Finance
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 prior
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