Stephen Hinson was frustrated with his bank. Foothills Community Church, where he serves as operations pastor, had received an offer from the city to purchase a piece of the church’s land to build a new police substation. The sale would protect the community and provide Foothills with funds to refinance the mortgage on its building. Everyone saw it as a win-win — except Foothills’ bank.
We were running into roadblock after roadblock with our lender…They just did not understand how church finances work…From my first interaction with WatersEdge [a partner of the Rocky Mountain Foundation] until the time we closed was half the time it took just to navigate the conversation with our bank about getting a lien release!
Overall, Stephen says the refinance has helped Foothills position itself for new growth, much of which is coming as a result of the church’s emphasis on community outreach ministries. These ministries include a food pantry that serves more than 60 families each month as well as “Packs of Hope,” a ministry that provides new clothes, toiletries and other essentials to more than 2,000 children entering Colorado’s foster care system each year. Click here to read the full story.