This session will provide updates on new construction technologies, materials and passive solar systems. Adobe and straw bale construction continue to be affordable regional alternatives. Panelists will discuss new, proven, and affordable construction technologies, including manufactured housing alternatives in a new energy efficient and green environment.

1. 41 YEARS OF OPERATION

2. History
• CRHDC is a state-wide non-profit housing
development corporation formed in 1971 to
provide safe and affordable housing to migrant
and seasonal farm workers in Colorado.
• It evolved from one-county operation to multi-
county, multi-faceted operation representing far
more than migrant housing.
• After 36 years as Colorado Rural Housing
Development Corporation, Expansion into urban
markets required a name change and new
branding to fully capture the essence of its
operation and expand its funding opportunities.
New name-Community Resources and Housing
Development Corporation(CRHDC)

3. What We Do
CRHDC serves low-moderate income individuals
through 6 lines of business:
• Counseling- Education in
homeownership, financial management, and
post-purchase issues.
• Lending- Created affiliate
corporation, Colorado Housing
Enterprises, LLC to serve as lending arm of
CRHDC. CHE provides first mortgage
lending, down payment and closing cost
assistances and small business lending
• Real Estate Services-created affiliate
corporation, Pathways Realty, LLC to provide
purchase and sales services to clients

4. What We Do
• Property Management-provide property
management for CRHDC rental portfolio
and other non-profit organizations
• Technical Assistance-provide technical
assistance to nonprofits and local
government in development and
sponsorship of farm worker housing in
Colorado and western region states
• Development- New Construction-build
single family, multi-family, and senior
housing state-wide
o Manage NSP-II Program-
acquisition, rehab, and sale of foreclosed
properties in urban and rural census tracts

5. Rural Housing
Development
• Self Help • Contractor Built

6. Housing Development
Continued
• Developed Self-Housing for past
38 years in partnership with
USDA-Rural Development
• Assisted over 1700 families and
individuals to build their homes
in rural communities throughout
Colorado
• Great program for working
families willing to exchange
labor for cost savings and
achieve the “American Dream
of Homeownership”

7. Challenges with Self-Help
• Some potential participants cannot
meet the labor requirement due to
medical or physical condition
• Others have jobs that require more
than 40 hours per week and do not
have the flexibility to participate in
the Self-Help Program
• USDA-502 Direct Funding is shrinking
due to Federal Budget reductions
and funding at times is not
available for several months

8. Self-Help Housing
Challenges, continued
• Inclement weather in
Colorado can impact
construction and create
delays
• With the reduction in RD staff
at all levels, timely processing
of loans becomes difficult

9. What other housing options are available
for individuals and families not able to
take advantage of the Self-Help Program?
CRHDC researched other housing products to offer borrowers
not able to participate in Self-Help

10. Factory Built Housing
• Product selected was the Modular Unit
o Built to the same building codes and design standards as site-built
homes.
o Can be produced with high-quality at lower costs per square foot
than other construction methods
o Shortened on-site construction time lines
o Energy efficient and decreased construction waste
o Full product customization
o Eligible for financing from RD 502 Direct, 502 Guarantee, and
private lenders

11. Factory Built Homes
• Modular house selected over
manufactured house for two
reasons:
• USDA-RD will only finance new
manufactured homes once;
modular homes are treated
similar to stick built and can be
financed whether new or
existing
• Modular homes meet Universal
Building Codes and can be built
in new and existing sub-divisions

12. Factory Built Homes
• CRHDC’s movement into factory
built homes required a support
group to assist with the intricacies
of this product
• As a member of Neighbor Works
America, CRHDC became a
member of Next Step which offers
the support and expertise to
members of the network to
successfully offer this alternate
home product

13. About Next Step
• National Organization with a national initiative to
assist and train nonprofits in providing sustainable
homeownership through factory build housing.
• Next Step System for doing business consists of three
primary components:
o Building and training a national network of nonprofits to
increase nationwide access to affordable factory built
housing;
o Ensuring that high quality, ENERGY STAR factory built homes
are available at wholesale pricing to our Members;
o Advancing the use of factory built housing as an asset-
building strategy for low- to moderate-income Americans.

14. Next Step Continued
• With technical support from Next Step, CRHDC
became licensed in Colorado to purchase
factory built homes at wholesale cost and sell to
eligible low-moderate income families in
Colorado
• Next Step introduced CRHDC to one of the
several Clayton Manufactured Home Factories in
Albuquerque, New Mexico’ Karsten Homes
• Next Step Homes have energy-efficient features
and carry the Energy Star label

15. Energy-Efficient Features
Features
• Effective insulation
• High-performance windows
• Tight construction and ducts
• Efficient heating and
cooling equipment
• Efficient products
• Third-party verification.
Benefits
• Added confidence.
• Lower ownership cost.
• Better performance.
• Smart investment.
• Environmental protection

16. Energy-Efficient Features
• Next Step Homes -
have a HERS rating
between 70 and 75
• 25 to 30% more efficient
than standard site built
homes
• 10 to 15% more energy
efficient than many
ENERGY STAR homes.

17. Gaining Partner Support
• CRHDC invited RD county
staff to tour the Karsten
Homes factory in
Albuquerque, New Mexico
• Demonstration and tour of
the factory and the quality
and energy features of the
• RD staff support the product
and allow CRHDC to offer the
product to 502 Direct and
Guarantee borrowers

18. Costs
• Stick Built vs. Modular similar in cost after factoring
land, foundation, setup, and adding a garage
• Variable cost for modular include land cost, tap
fees, foundation plan, and building permit fees
• Savings realized on construction financing and
shorter period to build unit

19. Financing
• CRHDC also sought other loan products that
finance modular units
• Accessibility to other financing options provides
borrowers the ability to purchase and finance
their homes timely without having to wait for
availability of 502 Direct Loans

20. Advantages of
Factory Built
• Product offers option for families
or individuals not able to
participate in Self-Help due to
medical or physical impairments
• Individuals working long hours
without flexibility to participate in
Self-Help
• Individuals not willing to commit
the labor required in the Self Help
Program

21. Advantages of
Factory Built
• House can be built and delivered to the site in less than 30
days
• Construction financing minimized
• Features include quality and energy efficient construction
• Energy- efficiency helps to ensure lower operating costs

22. The Final Product