What is Fulcrum Doing, and Why?

Housing costs in the Front Range are crushing Middle-Class families. According to Redfin, the median household income in Denver is roughly $40,000 less than what is necessary to afford a median-priced home here, and the typical household needs to spend 41.7% of its income to buy a median-priced home in Denver. Renting is not much better, with the average 2-bedroom apartment costing 37% of median income. That level of housing expense makes it difficult for Colorado to recruit and retain the talented professionals on whom the state’s economic growth and social cohesion depend.

So, some successful folks from the Front Range decided to tackle the housing problem by funding a private non-profit real estate investment organization called Fulcrum Communities. We use donations from philanthropists and tax-exempt bonds from impact investors to buy quality new homes throughout Colorado and rent them to working Middle-Class families at 20% below market rates, while providing a rent control guarantee and a 10-year tenant option to renew. Beautiful, affordable, stable. 

Compared to market-rate housing, Fulcrum residents save an average of $42,000 over their time renting from us, money that can fund a new way of life for our residents: retirement, education, medical care, even saving for a downpayment to purchase their own home. Putting housing costs back into a reasonable box allows our working Middle-Class families to invest in all the other things necessary for the high quality of life that Colorado promises.

Our goal is audacious. Fulcrum aims to build the largest portfolio of rental homes in Colorado, permanently altering the economics of housing in our community and establishing as one of Colorado’s biggest competitive advantages a high quality of life for our Middle-Class .