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Colorado authorities shut down low-income housing developer

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Colorado authorities shut down low-income housing developer


The Colorado Division of Securities is pursuing legal action against a man whom it claims deceived investors and used the ownership of federally supported low-income housing projects to line his own pockets. 

Securities Commissioner Tung Chan announced its civil court filings against Michael Dale Graham, 68, on Nov. 12. 

Chan’s office filed civil fraud charges against Graham, and also asked for a temporary restraining order and freezing of Graham’s assets and his companies’. A Denver district court judge immediately granted both. Since then, two court dates to review the those orders have canceled; a third is scheduled for mid-January.

Graham operates Sebastian Partners LLC, Sebastiane Partners LLC, and Gravitas Qualified Opportunity Zone Fund I LLC (“GQOZF”), all of which were controlled by Graham during his “elaborate real estate investment scheme,” as described by the securities office in a case document.

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The filing states Graham collected more than $1.1 million from eight investors to purchase three adjacent homes in Aurora. The Denver-based Gravitas fund and its investors purportedly qualified for the federal Qualified Opportunity Zone (QOZ) program with the homes. Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act passed by Congress in 2017. The zones encouraged growth in low-income communities by offering tax benefits to investors, namely reductions in capital gains taxes on developed properties.

A file photo of a suburban housing development in the Denver metro area. 

Paul Souders/WorldFoto & Getty Images


Graham formed Gravitas in early 2019 and purchased the three homes located in the 21000 block of E. 60th Avenue two years later. He quickly sold one of them with notifying investors, according to the case document. While managing the other two, Graham and Gravitas transferred the fund’s assets and never operated within QOZ guidelines to the benefit of its investors or the community, according to the state. 

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Gravitas also transferred the titles for the two properties to Graham privately. As their owner, Graham obtained undocumented loans from friends totaling almost $600,000. The two loans used the two properties as security. 

Gravitas investors were never informed of the two loans, according to the case document. Also, Gravitas never sent its investors year-end tax reports, the securities office alleges. 

Graham used the proceeds of the loans for personal use. No specific details were provided about those uses.

“Effectively, Graham used Gravitas as his personal piggy bank,” as stated in the case document, “claiming both funds and properties as his own. Graham never told investors about the risks associated with transferring title to himself. On September 1, 2023, he sent a letter to investors, stating that the properties ‘we own’ are doing well and generating growth due to record-breaking home appreciation. But Gravitas no longer owned the properties.

“Gravitas no longer had assets at all.” 

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Furthermore, the securities office said Graham failed to notify investors of recent court orders against him in Colorado and California. In total, Graham was ordered to pay more than $1 million in damages related to previous real estate projects.

Graham’s most recent residence is in Reno, Nev., according to an online search of public records. He evidently has previously lived in Santa Monica, Calif., and Greenwood Village.

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Families, care providers navigate cuts to Colorado’s Community Connector program | Rocky Mountain PBS

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Families, care providers navigate cuts to Colorado’s Community Connector program | Rocky Mountain PBS


“Typically, between me and my husband, there are no breaks. We have to constantly ask each other to change him and feed him and shower him. I always worry about the future if Elli has to leave and not get help anymore,” said Dina Katan, Batikha’s mother. “The free time is good for my mental health. For me, when Elli comes here and helps, I have time to do things that usually I am not able to do.”

Other parents are concerned that the reduction in hours will make it harder to find care providers. Becky Houle of Greeley is the mother of Hadley, a 13-year-old diagnosed with Angelman syndrome, a rare neurogenetic disorder that causes significant developmental delays and little to no speech.

Hadley used to qualify for 10 Community Connector hours a week and is now down to five, Houle said. With those hours, she previously played unified basketball, went to the park and interacted with others and participated in running errands with her caretaker.

“I worry that the person that provides some of that caregiving role for her won’t be able to commit with such few hours,” Houle said. “I like Hadley to have interactions without us being there, so she can feel like a teenager.”

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Tom Dermody, chief budget and policy analyst for Colorado’s JBC, said spending on Community Connector services has risen substantially over the past six fiscal years.

Dermody said that as the program, which started in 2014, has become more popular, costs have ballooned. He said participation in the Community Connector service has increased by 510% since fiscal year 2018-2019, and that annual spending has risen from about $5 million in fiscal year 2018–2019 to more than $66 million in fiscal year 2025–2026.

To cut costs, the JBC not only capped annual hours for the service, but also revised the rules to narrow what qualifies as Community Connector hours. Jane said this makes it harder to consistently reach the five-hour weekly allotment.

“When these changes were made, I did our usual Community Connect on Sunday. After I worked my shift, I noticed that I couldn’t clock in or out because my shift was removed from the app,” Jane said. 

After sending an email to her employer, her agency told her that what she did — taking her Batikha to a gas station and showing him how to ask an associate how to find a product — does not qualify under the new Community Connector rules.

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Under the updated rules, Community Connector hours must be tied to activities in the community that align with a person’s care plan and build skills or participation, such as volunteering, attending enrichment classes or going to the library alongside peers without disabilities.

The state has excluded simple supervision, passive outings and activities typically considered a parent’s responsibility from qualifying for Community Connector hours. Providers must now clearly document how each hour supports a specific goal.

“It’s unfair that they cut those hours for these kids and they are very strict about how we use those hours,” Katan said. “The new requirements are very specific and not inclusive of high needs kids like Taym.”

Batikha requires full support whenever he goes out, Jane said, and the stricter requirements make it harder to plan weekly community trips. 

“He needs hygiene changes. He needs to be fed every two hours. And he can’t be fed anywhere. I want to give him privacy for his feeding,” Jane said. 

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She now plans to split her five Community Connector hours over the course of a week instead of providing them all on Sundays, as she previously did.

“I care about him and I love my clients so much, so I’m definitely going to stay,” Jane said. “His parents need the time to be able to watch a movie and not worry about if their son is okay.”



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Final minute, full 2OT from Northwestern-Colorado lacrosse quarterfinal marathon

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Final minute, full 2OT from Northwestern-Colorado lacrosse quarterfinal marathon


Women’s Lacrosse

May 14, 2026

Final minute, full 2OT from Northwestern-Colorado lacrosse quarterfinal marathon

May 14, 2026

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Watch the full regulation finish and both OT periods from Northwestern and Colorado’s battle in the quarterfinals of the 2026 NCAA women’s lacrosse tournament.



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Live: Day 1 of Colorado high school state track and field meet

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Live: Day 1 of Colorado high school state track and field meet


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LAKEWOOD — One of the most anticipated events in Colorado high school sports is back on the track.

The annual Colorado high school track and field state championship meet returns May 14-16 for the 2026 edition.

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It kicks off May 14 as the Centennial State’s top leapers, runners, jumpers, sprinters, vaulters and throwers take over Lakewood’s JeffCo Stadium.

More than 100 Fort Collins-area athletes across four different classifications have qualified for the state meet.

Follow here for day one live state track & field updates from local athletes, plus some notable scores and results for Northern Colorado and statewide competitors.

This has the potential to be a massive state meet for the Fort Collins area.

Our top local sprinters and relay teams account for more than 40 top-two seeds in their events, while there are field contenders galore and several distance runners in the mix.

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— Chris Abshire

It’s a busy year for Fort Collins-area athletes down at state track, with over 100 athletes qualifying from nine local schools.

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Fort Collins High School leads the way with eighteen individual qualifiers and seven relay sqauds, but there’s plenty of representation across schools and events.

— Chris Abshire

Here are all the May 14 running finals at the 2026 Colorado state track & field championships:

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  • 8:20-8:35 a.m.: 5A boys/girls 3,200 meters
  • 10:00-10:50 a.m.: 4A and 5A boys/girls 4×800 relays
  • 11:00-11:30 a.m.: 4A/5A Special Olympics/Paralympics 100 dashes
  • Noon: 4A/5A Special Olympics/Paralympic 200 dashes
  • 2:20-2:45 p.m.: Special Olympics/Paralympic 3A/2A/1A 100 and 200 dashes
  • 4:00-5:00 p.m.: 3A and 2A boys/girls 4×800 relays
  • 5:00-5:35 p.m.: 1A boys/girls 3,200 meters
  • 6:00-6:15 p.m.: 3A boys/girls 3200 meters

— Chris Abshire

Here are all the May 14 field finals at the 2026 Colorado state track & field championships:

8:30 A.M.

  • 5A girls pole vault and discus
  • 5A boys long jump
  • 4A girls high jump and shot put
  • 4A boys triple jump

11/11:30 A.M.

  • 5A boys pole vault and discus
  • 5A girls long jump
  • 4A boys high jump and shot put
  • 4A girls triple jump

1:30/2:00/2:30 P.M.

  • 3A boys triple jump
  • 3A girls pole vault and discus
  • 2A boys high jump
  • 2A girls long jump and shot put

4/5 P.M.

  • 3A boys high jump
  • 3A girls triple jump
  • 1A girls pole vault and discus
  • 1A boys long jump and shot put

— Chris Abshire

Since the calendar hit 2000, there have been many remarkable achievements from local athletes at the Colorado state track & field meet.

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From throws domination to Ray Bozmans’ sprint sweep or multiple sister acts, here are 15 of the best Fort Collins-area performances in the new millennium.

Chris Abshire covers high school and community sports for the Coloradoan.



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