The Funding Sources Inventory tool allows you to search a database of funding sources created for this guide to determine which may be relevant to consider for your development. Use the filters at the top of the page to narrow down the list of possible sources based on the characteristics of your development. The funding sources shown in the list at the bottom will be those that match at least one of the criteria from each of the filter categories you have selected (in other words, the filters use OR logic within each filter category and AND logic across filter categories). Review the remaining list to learn more about each program. You can click the “Details” button to display detailed information about each funding source.

Eligible UsesInclude funding that can be used for:

Funding TypeInclude the following type(s) of funding:

Affordability RequirementsShow funding that may have affordability requirements?

Geographic LimitationsInclude funding designated for:

Funding Sources Inventory

Displaying 1 - 13 of 13
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National Housing Trust Fund (HTF)
The National Housing Trust Fund provides Colorado with grant funding to increase and preserve affordable housing for extremely low-income households, those earning at or below 30% AMI. HTF dollars are awarded annually based on a formula to the Department of Local Affairs, who in turn sets priorities for their use across the state in its HTF Allocation Plan and solicits for applications to award this funding.
Details
Eligible home types:
  • Multifamily
  • Single-family
Eligible recipients:
  • Nonprofit developers
  • Housing Authorities
  • Local Governments
Eligible uses:
  • Acquisition
  • Site improvements and hard costs
  • Soft costs
  • Demolition
  • New construction
  • Property Acquisition
  • Rehabilitation of existing units
  • Financing costs
  • Relocation assistance
  • Operating cost assistance for rental housing (up to 30% of each grant)
  • Administration and planning
Affordability requirements:
Households earning no more than 30% AMI
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Determined by DOH
Additional notes or requirements:
Links to more information:
Tribal Housing Activities Loan Guarantee Program (Title VI) 
The purpose of the Title VI loan guarantee is to assist Indian Housing Block Grant (IHBG) recipients (borrowers) who want to finance additional grant-eligible construction or development at today’s costs. Tribes can use a variety of funding sources in combination with Title VI financing, such as low-income housing tax credits.
Details
Eligible home types:
All (anything eligible for IHBG is eligible for Title VI)
Eligible recipients:
IHBG recipients (i.e. Federally Recognized Tribes, Alaska Native Villages, and Tribally Designated Housing Entities [TDHEs])
Eligible uses:
Create new housing Rehabilitate housing Build infrastructure Construct community facilities Acquire land to be used for housing Prepare architectural & engineering plans Fund financing costs
Affordability requirements:
Grant funds must be used to primarily benefit low-income Native families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
The maximum guarantee amount that a tribe/TDHE can borrow is approximately five times the need portion of the annual IHBG allocation. There is no minimum loan size.. A tribe/TDHE may have one or more Title VI loans, but the combined total may not exceed the maximum guarantee amount.
Additional notes or requirements:
Links to more information:
Indian Housing Block Grant (IHBG) 
The Indian Housing Block Grant (IHBG) program is a formula grant administered by HUD. Under the program, eligible Indian tribes and tribally-designated housing entities (TDHEs) receive grants to carry out a range of affordable housing activities.
Details
Eligible home types:
All
Eligible recipients:
Federally Recognized Tribes and Tribally Designated Housing Entities (TDHEs) who submit an Indian Housing Plan and complete Annual Performance Reports
Eligible uses:
Grant funds may be used to develop, maintain, and operate affordable housing in safe and healthy environments on Indian reservations and in other Indian areas, and carry out other affordable housing activities.
Affordability requirements:
Housing units available for low-income Indian families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
HUD strongly encourages new affordable housing construction projects that will increase the number of housing units available for low-income Indian families and help address the housing shortage in Indian Country. Additionally, HUD encourages housing rehabilitation projects that will increase the useful life of existing affordable housing units and alleviate substandard housing conditions. HUD also encourages necessary affordable housing-related infrastructure projects that will enable future construction or rehabilitation. While HUD will give funding priority for new construction projects, rehabilitation projects, and related necessary infrastructure projects, applicants may also apply for funding to carry out other eligible activities under NAHASDA.
Links to more information:
USDA Single Family Housing Direct Home Loans (aka Section 502 loans)
This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.
Details
Eligible home types:
2,000 square feet or less, no in-ground swimming pools, not have market value in excess of the applicable area loan limit set by USDA. Homes must be used as a primary residence and should not be designed for income producing activities.
Eligible recipients:
Low-income households who lack decent, safe and sanitary housing but are unable to obtain a loan from other resources
Eligible uses:
To help low-income individuals or households purchase homes in rural areas Build, repair, renovate or relocate a home Purchase and prepare sites (including providing water and sewage facilities)
Affordability requirements:
Funding must be used to support homeownership for low and very-low-income families living in rural areas
Geography funding is available to :
Eligible rural areas as defined by USDA
Maximum financial assistance per project:
Varies depending on applicant's assessed repayment ability and the area loan limit for the county in which the property is located
Additional notes or requirements:
Links to more information:
Mercy Community Capital
Mercy Community Capital is a financially sound Community Development Financial Institution (CDFI) that exclusively serves affordable housing communities by providing reliable, flexible funding to socially-responsible community developers in support of affordable housing and essential community infrastructure projects.
Details
Eligible home types:
Multi‐ or single‐family properties serving households at 80% AMI or less. Loans for mixed‐income properties may be sized in proportion to the number of affordable units
Eligible recipients:
Mission-driven affordable housing developers: nonprofit and community development corporations, limited partnerships with a nonprofit managing general partner; Consumer-controlled cooperatives, mission driven for profit developers of affordable housing, and Public housing authorities.
Eligible uses:
Acquisition Construction and rehabilitation Infrastructure development (land development) Predevelopment
Affordability requirements:
Up to 80% AMI with long-term affordability requirements (for homeownership properties, prefer 10 years or more, and for rental properties, 40 years or more)
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$4-5 million (minimum loan amount of $500,000, but loans outside this range will also be considered). Maximum LTV: up to 90% Minimum DCR: 1.15x.
Additional notes or requirements:
Links to more information:
Community Housing Capital
Community Housing Capital (CHC) is certified as a community development financial institution (CDFI) and 501(c)(3) created to facilitate the creation and preservation of affordable housing.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
Nonprofit developers in the NeighborWorks network
Eligible uses:
Predevelopment Acquisition Construction Rehabilitation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Up to $10 million. Varies per loan product.
Additional notes or requirements:
Links to more information:
Housing Assistance Council
HAC is a certified Community Development Financial Institution (CDFI) focused on improving housing and living standards for rural low- and very low-income households and supporting development of new affordable housing in rural America.
Details
Eligible home types:
  • Subdivisions and new single or multifamily housing units,
  • preservation and rehabilitation of existing affordable housing including USDA RD Sec 515 and 514 units,
  • HUD-subsidized housing and
  • naturally occurring affordable housing.
  • or multifamily housing units
Eligible recipients:
All rural housing developers (Community-based, nonprofit organizations, housing development corporations, for-profit developers, self
  • help housing sponsors, farm worker organizations, cooperatives, land trusts, Indian tribes, public agencies and units of local government)
Eligible uses:
Predevelopment New construction Acquisition and rehabilitation
Affordability requirements:
None
Geography funding is available to :
Rural areas nationwide (as designated by FHFA Duty to Serve Rural Definitions or USDA Housing Programs Eligibility)
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Housing Partnership Fund
The Housing Partnership Network created the Housing Partnership Fund (HPF) in 2001 as its lending arm to meet its members’ growing needs for flexible, early stage financing for affordable housing development. Nationally, HPF serves nonprofit developers focused solely on uplifting low-income populations, using housing as a platform to leverage better health, school, and personal wealth building outcomes. The Fund raises capital from major private, public and philanthropic institutions to drive impact through its investments in members and HPN social enterprises. HPF is a US Treasury certified Community Development Financial Institution (CDFI) and has a Four Star Policy Plus AA- rating from Aeris.
Details
Eligible home types:
Multifamily or single-family or multifamily housing units
Eligible recipients:
Members of the Housing Partnership Network
Eligible uses:
Acquisition, Development, and Preservation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$1-3 million for predevelopment/acquisition. $15 million for acquisition/preservation of existing rental projects. $3 million for bridge to construction closing loans.
Additional notes or requirements:
Links to more information:
National Housing Trust
NHT Community Development Fund (NHTCDF), a Community Development Financial Institution (CDFI), has deployed more than $44 million in loans, preserved more than 13,000 affordable units, and leveraged more than one billion in capital by providing quality, affordable loan products.
Details
Eligible home types:
Multifamily or single-family (only multifamily for energy efficiency loans)
Eligible recipients:
Any affordable housing developer (for most products, except Community Land Trust loans, which are limited to Community Land Trusts)
Eligible uses:
Pre-development Acquisition Property improvements that reduce energy and water consumption
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$1.5 million for predevelopment. $2.5-5 million for acquisition. $750,000 for community land trusts.
Additional notes or requirements:
Links to more information:
NeighborWorks Capital
NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities. NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution and rated by Aeris-Insight.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
NeighborWorks network members
Eligible uses:
Acquisition, Construction, Predevelopment, Permanent, Line of Credit, Enterprise Capital
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$10 million for acquisition, construction, permanent loans. $7.5 million for permanent, and Line of Credit for multifamily acquisition loans. $5 million for Line of Credit for single family construction. $2 million for predevelopment loans.
Additional notes or requirements:
Links to more information:
RCAC
Founded in 1978, Rural Community Assistance Corporation (RCAC) is a 501(c)(3) nonprofit organization that provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions. RCAC financing helps developers build single and multifamily affordable housing units for low-income families.
Details
Eligible home types:
Multifamily and single-family, including manufactured home parks
Eligible recipients:
Nonprofit developers, local government agencies, and tribal governments
Eligible uses:
Acquisition Pre-development Site development Construction Green building
Affordability requirements:
Housing must serve very-low or low-income households (mixed income projects are eligible, but RCAC financing is limited to the low-income portion of the project)
Geography funding is available to :
Rural areas with populations of 50,000 or less in 11 western states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington. 
Maximum financial assistance per project:
Varies by project ($3 million for acquisition or construction)
Additional notes or requirements: Applications are accepted year-round, and you can apply through your local USDA RD office. A list of USDA RD offices are available at this link: tinyurl.com/RDStateOffices.
Links to more information:
Rural Housing Site Loans (aka Section 523 Mutual Self-Help Housing Program and Section 524 loans)
Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families. Section 523 loans are used to acquire and develop sites only for housing constructed via the Self-Help method (where households construct the homes themselves, with technical assistance from the grantee), while Section 524 loans are not restricted to a specific construction method.
Details
Eligible home types:
Single-family homes
Eligible recipients:
Private or public non-profit organizations; federally recognized tribes
Eligible uses:
Administrative activities (salaries, office space, program costs related to supervising households as they build their homes) Purchase and development of housing sites for low and moderate-income households Supportive infrastructure for housing sites (e.g. street, walkway, or utilities investments)
Affordability requirements:
Housing sites must serve low and moderate-income families (low-income is defined as between 50-80% of the area median income; the upper limit for moderate income is 115% of area median income)
Geography funding is available to :
Rural areas nationwide. Determine eligibility of your site here: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1
Maximum financial assistance per project:
Varies by location.
Additional notes or requirements: Applications are accepted year-round, and you can apply through your local USDA RD office. A list of USDA RD offices is available at this link: tinyurl.com/RDStateOffices.
Links to more information:
Self-Help Homeownership Opportunity Program (SHOP)
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional nonprofit organizations and consortia to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs for low-income persons and families.
Details
Eligible home types:
Homeownership units
Eligible recipients:
National and regional nonprofit organizations or consortia with experience in using homebuyer and volunteer labor to build housing (applicants must have completed at least 30 units of self-help homeownership housing within the last 24 months)
Eligible uses:
Land acquisition Infrastructure improvements Administrative costs
Affordability requirements:
SHOP units must be sold below the appraised value of the property and the sale price must be reduced by the value of the homebuyer's sweat equity contribution. Homebuyers must have annual incomes equal to or less than 80% of the area median income for their household size to be eligible.

Grantees and affiliates are required to provide houses at prices below the market price to their homebuyers. Homebuyer sweat equity and volunteer labor will enable the grantee or affiliate to make the home available at a lower price.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Land acquisition and infrastructure improvement costs cannot exceed an average of $25,000 in SHOP assistance per unit. Administrative costs cannot exceed 20% of the total SHOP grant amount.
Additional notes or requirements:
Energy efficiency measures are strongly encouraged, but not required. Water conservation measures (like use of WaterSense products) are required. SHOP units must meet accessibility requirements established by the Uniform Federal Accessibility Standards (UFAS) and grantees must comply with requirements under the Americans with Disabilities Act (ADA) when applicable. Volunteer participation from the community (professional or non-professional labor) is also required in developing SHOP units.
Links to more information:
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National Housing Trust Fund (HTF)
The National Housing Trust Fund provides Colorado with grant funding to increase and preserve affordable housing for extremely low-income households, those earning at or below 30% AMI. HTF dollars are awarded annually based on a formula to the Department of Local Affairs, who in turn sets priorities for their use across the state in its HTF Allocation Plan and solicits for applications to award this funding.
Details
Eligible home types:
  • Multifamily
  • Single-family
Eligible recipients:
  • Nonprofit developers
  • Housing Authorities
  • Local Governments
Eligible uses:
  • Acquisition
  • Site improvements and hard costs
  • Soft costs
  • Demolition
  • New construction
  • Property Acquisition
  • Rehabilitation of existing units
  • Financing costs
  • Relocation assistance
  • Operating cost assistance for rental housing (up to 30% of each grant)
  • Administration and planning
Affordability requirements:
Households earning no more than 30% AMI
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Determined by DOH
Additional notes or requirements:
Links to more information:
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