The Colorado Affordable Housing Financing Fund supports land banking, equity, and concessionary debt for affordable housing.
Grants and forgivable loans to acquire and preserve land for affordable housing development
Equity investment to support the creation or preservation of low- and middle-income multifamily rental development
Loans to support the creation and preservation of affordable rental housing
Loans to support the creation or preservation of modular and factory build manufacturers
Program Overview
In November 2022, Colorado voters passed Proposition 123, a ballot measure authorizing the state to retain money from existing state tax revenue to support affordable housing investment. These funds are split 60/40 between the Office of Economic Development and International Trade (OEDIT) and the Department of Local Affairs (DOLA) through its Division of Housing (DOH), respectively. OEDIT manages the Affordable Housing Financing Fund, in partnership with Colorado Housing and Finance Authority (CHFA), which serves as Contract Administrator. DOH manages the Affordable Housing Support Fund.
This site is dedicated to the Affordable Housing Financing Fund, which supports land banking, equity, and debt investment to advance affordable housing across the state.
Who is eligible for the Affordable Housing Financing Fund?
To be eligible, affordable housing projects seeking support from the Affordable Housing Financing Fund must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing.
