FirstBank Invests $23.8 Million to Assist Habitat for Humanity Affordable Housing Project in Glenwood Springs

A $23.8 million investment from FirstBank is helping Habitat for Humanity of Roaring Fork Valley (RFV) tackle one of Glenwood Springs’ biggest challenges — affordable housing. The funding will support the L3 Condominium Conversion project, which will turn 88 studio and one-bedroom apartments into affordable condominiums for purchase.

The project is aimed at local workers who earn too much to qualify for housing assistance but not enough to afford market-rate homes. This “missing middle” includes teachers, first responders, healthcare providers, small business owners, and others who are essential to the community’s economy and stability.

“This project is a perfect example of our ‘banking for good’ mission,” FirstBank Vice President Kseniya Mamlin said. “Housing is critical to community growth and economic mobility. Habitat RFV’s effort to make 88 units affordable will have a major impact on Glenwood Springs and the surrounding valley.”