Organization: Southeast Colorado Enterprise
Mission: Colorado Division of Housing-Single Family owner occupied rehabilitation loan program for home owners living in Baca, Kiowa, and Prowers Counties, provides low interest rate loans. The program has made 301 loans to individuals living in the authorized area since 1996. The average loan amount is $16,450. The program serves low to moderate income households with low fixed rate interest with favorable loan terms for repayment.
Activities: Business assistance loan fund-the revolving loan designed to fill gaps in small business financing options. The alternative financing method positively impacts the economic health of the communities within Baca, Bent, Crowley, Kiowa, and Prowers Counties. Since its inception the loan fund has made 222 loans totaling over $10.2 millions dollars. The program has created and/or retained 397 jobs with the average loan amount being $58,500.
Provide incentives and develop promotional activities to market and advertise advantages of locating a business in SE Colorado, create a positive identity, encourage retention and expansion of existing businesses, promote redevelopment and attract new businesses. Generally enhance the economic growth of Southeast Colorado.This includes the Colorado Division of Housing-Single Family owner occupied rehabilitation loan program for home owners living in Baca, Kiowa, and Prowers counties provides low interest rate loans. The program has made 301 loans to individuals living in the authorized area since 1995. The average loan amount is $16,450. the program serves low to moderate income households with low fixed rate interest with favorable loan terms for repayment.
Other administrative costs for enterprise zone administrative program,transportation planning programs, and technical assistance programs.
NTEE category: Community Improvement & Capacity Building
Secondary category: Housing & Shelter