The Catalyst Revolving Loan fund was capitalized through nearly $1 million secured by the La Plata Economic Development Alliance (Alliance) on behalf of the Regional Housing Alliance of La Plata County (RHA) with funding from the Durango Industrial Development Foundation (DIDF). Following the initial capitalization, the fund now lives with and is fully administered by the Alliance as part of its housing finance and investment strategy.
The Catalyst Revolving Loan Fund provides low-interest, short-term loans to construction-ready workforce housing projects, helping close early financing gaps while preserving long-term affordability.
The Housing Catalyst Revolving Loan Fund application is currently closed for review. We will open the application process soon!
For questions or additional information, contact libby@yeslpc.com.
Eligible applicants include nonprofit organizations, private developers, corporations, and local public agencies with experience in housing development and demonstrated financial capacity.
Projects must meet the following baseline requirements:
Below-market housing is generally defined as housing affordable to households earning 160% AMI or less, unless otherwise required by funding partners.
Applications are evaluated using Readiness to Proceed as the primary selection factor, consistent with best practices for public housing investment.
Review criteria include project readiness, financing structure, affordability commitments, local government support, and development team experience.
Funding recommendations are reviewed and approved by a committee of regional housing, finance, and economic development leaders.
The Catalyst Loan Fund Committee approves all funding guidelines, reviews applications to the fund, and approves funding allocations and is comprised of the following individuals:
Jameson Bobbin, Market President, Central Bank
Mike French, Chief Prosperity Officer, City of Durango
Brenna Morlan, Trustee, Town of Bayfield
Jason Portz, Market President, Bank of Colorado
Brian Rose, Senior Vice President, Alpine Bank
Sarah Tober, Executive Director, La Plata Economic Development Alliance
Pat Vaughn, Commercial Real Estate Consultant, Stultus LLC
