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 - 19 of 19
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Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit provides an incentive for investors to invest in affordable housing construction and preservation via a tax credit. It is available as a competitive credit (9%), scored based on criteria in CHFA's Qualified Allocation Plan, or a non-competitive credit (4%), available to any project that receives at least 50 percent of their funding through tax-exempt bond financing (e.g. Private Activity Bonds) may claim this smaller tax credit without receiving a specific allocation from CHFA.
Details
Eligible home types:
  • Multifamily homes
  • Single-family homes
Eligible recipients:
  • For-profit developers
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • New construction of rental properties
  • Rehabilitation of rental properties
  • Permanent supportive housing
Affordability requirements:
Income requirements:
  • At least 20 percent of units affordable to households at or below 50% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI (based on income averaging across all units)
  • Rents cannot exceed 30 percent of 50-60% AMI (depending on share of credits in use)
  • 30 year affordability period
Geography funding is available to :
Statewide
Maximum financial assistance per project:
9% LIHTC: $1,350,000 (except for project financed with private activity bonds)
Additional notes or requirements:
9% and 4% federal Low-Income Housing Tax Credits are awarded by CHFA on annual basis. All projects must meet the minimum application and underwriting requirements and then are further evaluated against scoring criteria outlined in the Qualified Allocation Plan. CHFA sets a minimum score for both tax credit awards, with a lower threshold score for 4% federal tax credit projects and outlines state-specific policy priorities in its Qualified Allocation Plan.
Links to more information:
Colorado State Housing Tax Credits
Modeled after the federal LIHTC program and authorized through 2031, this credit helps raise private sector equity to develop affordable rental housing. The state and federal tax credits are awarded on a competitive basis by CHFA through its Qualified Allocation Plan. In general, the State Housing Credit's allocation process and eligibility follows the federal tax credit (with exceptions noted in the Qualified Allocation Plan).
Details
Eligible home types:
  • Multifamily homes
  • Single-family homes
Eligible recipients:
  • For-profit developers
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • New construction of rental properties
  • Rehabilitation of rental properties
  • Permanent supportive housing
Affordability requirements:
Income requirements:
  • At least 20 percent of units affordable to households at or below 50% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI (based on income averaging across all units)
  • Rents cannot exceed 30 percent of 50-60% AMI (depending on share of credits in use)
  • 30 year affordability period
Geography funding is available to :
Statewide
Maximum financial assistance per project:
$1,000,000
Additional notes or requirements:
The State Housing Credit is awarded by CHFA on annual basis through a competitive process. All projects must meet the minimum application and underwriting requirements and then are further evaluated against scoring criteria outlined in the Qualified Allocation Plan. CHFA outlines state-specific policy priorities for its use in its Qualified Allocation Plan.
Links to more information:
Housing Development Grant Funds (HDG)
HDG, supported by appropriated funds and awarded through a competitive process, provides funds for acquisition, rehabilitation, and new construction to improve, preserve or expand the supply of affordable housing, to finance foreclosure prevention activities in Colorado, and to fund the acquisition of housing and economic data necessary to advise the State Housing Board on local housing conditions.
Details
Eligible home types:
  • Multifamily
  • Single-family
Eligible recipients:
  • Nonprofits
  • Housing authorities
  • Local governments
Eligible uses:
  • New construction
  • Property acquisition
  • Rehabilitation of existing units
  • Housing services
Affordability requirements:
Consult DOH Housing Development Specialist for latest guidance.
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Varies by activity
Additional notes or requirements:
Links to more information:
Housing Development Loan Fund (HDLF)
This program makes loans for development, redevelopment, or rehabilitation of properties serving low- and moderate-income households. This program was created to meet federal matching funding requirements and loans made through this program require collateral.
Details
Eligible home types:
  • Multifamily
  • Single-family
Eligible recipients:
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • Housing development
  • Housing redevelopment
Affordability requirements:
Consult DOH Housing Development Specialist for latest guidance.
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Varies by activity
Additional notes or requirements:
Links to more information:
Colorado Housing Investment Fund (CHIF)
CHIF, which was created from mortgage settlement funds, is a revolving loan fund designed to address Colorado’s need for affordable rental housing. Funding can be used by eligible borrowers in two ways: 1) short term, low interest loans to bridge permanent financing sources; and 2) short term loan guarantees for new construction and rehabilitation.
Details
Eligible home types:
Loan pool:
  • Rental properties that serve households below 60% AMI
  • Mixed-income developments that serve persons with disabilities, veterans, or persons experiencing homelessness Loan guarantee:
  • Rental properties that serve households below 60% AMI
  • Mixed-income developments
  • Projects that create future market demand due to an event (e.g., new transit; voucher award; new employer)
Eligible recipients:
Loan pool: nonprofits; for-profits; housing authorities Loan guarantee: nonprofits; for-profits; housing authorities
Eligible uses:
Loan pool: acquisitions; bridge loans; new construction; rehabilitation Loan guarantee: new construction; rehabilitation
Affordability requirements:
Loan pool: Minimum affordability period of 30 years; households at or below 60% AMI Loan guarantee: Minimum affordability period of 30 years
Geography funding is available to :
Loan pool: Statewide Loan guarantee: Statewide
Maximum financial assistance per project:
Loan pool: Up to $3 million Loan guarantee: Up to $2 million
Additional notes or requirements:
Consult DOH Housing Development Specialist for more information.
Links to more information:
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:
Energy Outreach Colorado 
Energy Outreach Colorado offers funding and services to assist with the purchase and installation of energy efficient equipment (Nonprofit Energy Efficiency Program); and weatherization of affordable multifamily properties (Affordable Housing Weatherization Program).
Details
Eligible home types:
Nonprofit Energy Efficiency: N/A Affordable Housing Weatherization Program: Buildings of 2+ units
Eligible recipients:
Nonprofit Energy Efficiency: Nonprofits in Colorado with a core mission to serve low-income households (exceptions apply) Affordable Housing Weatherization Program: Property owners of buildings where 66% of households at or below 80% AMI
Eligible uses:
Nonprofit Energy Efficiency Program: energy assessments; project installation; equipment replacement Affordable Housing Weatherization Program: energy audits; resource navigation; equipment replacement
Affordability requirements:
N/A
Geography funding is available to :
Nonprofit Energy Efficiency: Statewide Affordable Housing Weatherization Program
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
CDBG-DR 
Colorado uses its allocation of CDBG-DR funding from the federal government for a variety of housing assistance and finance programs, including disaster recovery funding for multifamily housing construction. The CDBG-DR Multifamily Housing Construction Loan provides loans for affordable rental property construction and repair, in accordance with the state's Action Plan.
Details
Eligible home types:
  • Multifamily rental properties
  • Mixed-income developments
Eligible recipients:
  • Local governments
  • Housing authorities
  • For-profits
  • Non-profits
Eligible uses:
  • Acquisition
  • Bridge loans
  • New construction
  • Rehabilitation
Affordability requirements:
  • 30 year affordability period
Geography funding is available to :
Statewide (to be used in disaster-affected areas following a declared disaster)
Maximum financial assistance per project:
Up to $4 million
Additional notes or requirements:
Links to more information:
HUD Section 202 
HUD provides capital advances to finance the construction, rehabilitation or acquisition with or without rehabilitation of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.
Details
Eligible home types:
Supportive housing *if combined with additional financing, units funded with Section 202 may be included in buildings that offer other types of residential units (e.g. market rate units) or commercial space, so long as the 202 funding is only used for units serving very low-income elderly persons.
Eligible recipients:
Private nonprofit organizations and some nonprofit consumer cooperatives
Eligible uses:
Construction, rehabilitation or acquisition (with or without rehabilitation) of supportive housing
Affordability requirements:
At least one adult member of the household applying must be at least 62 years old; household must make less than 50% of the Area Median Income (AMI) of the location of the property; Residents at Section 202 properties are typically charged 30% of their adjusted income for rent.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies based on project type and size (will be specified in the Notice of Funding Availability released by HUD to award the funds)
Additional notes or requirements:
Each project must have a supportive services plan. Davis-Bacon requirements apply to projects financed with Section 202. All new construction and substantial (gut) rehabilitation projects financed with Section 202 must meet certain design requirements related to water and energy efficiency, broadband infrastructure, and accessibility. Projects developed with Section 202 must be in compliance with NEPA.
Links to more information:
Choice Neighborhoods 
The Choice Neighborhoods program leverages significant public and private dollars to support locally driven strategies that address struggling neighborhoods with distressed public or HUD-assisted housing through a comprehensive approach to neighborhood transformation. Local leaders, residents, and stakeholders, such as public housing authorities, cities, schools, police, business owners, nonprofits, and private developers, come together to create and implement a plan that revitalizes distressed HUD housing and addresses the challenges in the surrounding neighborhood. The program helps communities transform neighborhoods by revitalizing severely distressed public and/or assisted housing and catalyzing critical improvements in the neighborhood, including vacant property, housing, businesses, services and schools.
Details
Eligible home types:
Mixed-income multifamily properties that are replacing distressed public or assisted housing
Eligible recipients:
PHAs, local governments, tribal entities, and nonprofits
Eligible uses:
Planning grants: development of a comprehensive neighborhood Transformation Plan, plus "Early Action Activities" (i.e. physical neighborhood improvements that enhance and accelerate the transformation of the neighborhood) as identified through the planning process. The following types of activities may be considered Early Action Activities: reclaiming vacant property, beautification/placemaking/community arts projects, homeowner and business facade improvement programs, neighborhood broadband/Wi-Fi infrastructure and installation, fresh food initiatives, and gap financing for economic development projects. Note: housing development activates are not eligible to receive funding through Choice Neighborhoods planning grants. Implementation grants: replacement of distressed public and assisted housing with high-quality mixed-income housing and revitalization of existing housing that is receiving project-based rental assistance (PBRA). Additionally, up to 15% of implementation grants may support services for residents and another 15% may be used for critical community improvements that will support broader neighborhood reinvestment. Critical community improvements include: financing for commercial space, micro loan funds, business improvement grants/loans, homeowner facade improvement programs, placemaking, neighborhood Wi-Fi, parks related to housing, food incubators, and urban farms.
Affordability requirements:
Transformation Plans must demonstrate that each current tenant will be able to receive the replacement housing, if they are lease-compliant at the time of relocation and they wish to return. Plans must provide an adequate number of replacement housing units that can be occupied by households with incomes up to 80 percent AMI (i.e. they cannot be subject to requirements to serve a lower income level by another funding source). Any redevelopment activities funded by Choice Neighborhoods implementation grants must meet a one-for-one replacement requirement for any public and/or assisted housing units.
Geography funding is available to :
Neighborhoods where at least 20% of residents are estimated to be in poverty or have extremely low-incomes
Maximum financial assistance per project:
$500,000
Additional notes or requirements:
Within planning grants, Early Action Activities must be approved by HUD and completed within the first 24 months of the grant. Housing funded by the Choice Neighborhoods program must be energy efficient, climate resistant and sustainable. It must also meet the requirements of accessible design and offer affordable broadband Internet access. Davis-Bacon wage requirements apply to the development of any replacement housing rental units or homeownership units developed with Choice Neighborhoods Implementation Grant funds.
Links to more information:
FHA 223(f) Multifamily Loan Insurance Program
Section 207/223(f) insures mortgage loans to facilitate the purchase or refinancing of existing multifamily rental housing. These projects may have been financed originally with conventional or FHA insured mortgages. Properties requiring substantial rehabilitation are not eligible for mortgage insurance under this program.
Details
Eligible home types:
Properties with 5+ residential units (each including complete kitchens and baths) that have been completed or substantially rehabilitated at least 3 years prior to the date of application for mortgage insurance. The remaining economic life of the project must be long enough to permit a ten-year mortgage.
Eligible recipients:
For-profit and non-profit borrowers
Eligible uses:
Non-critical repairs that will be completed within 12 months of loan closing. Projects requiring substantial rehabilitation (e.g. replacement of more than one major system) are not allowable.
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
The mortgage term cannot exceed 35 years or 75 percent of the estimated life of the physical improvements, whichever is less.
Additional notes or requirements:
Davis Bacon prevailing wage requirements do not apply to this program.
Links to more information:
Small Balance Loan Program
Loans for the purchase or refinancing of small apartment buildings (targeting 5 to 50 units), ranging from $1 million to $7.5 million.
Details
Eligible home types:
Multifamily housing with 5+ residential units, except: senior housing with support services, student housing, military housing, properties with project-based housing assistance payment contracts, LIHTC properties with LURAs in compliance years 1 through 12, Historic Tax Credit properties with a master lease structure, and properties with tax-exempt bonds Interest Reduction Payments. Non-contiguous properties within the same zip code and mixed use buildings may be allowed.
Eligible recipients:
Limited partnerships; limited liability companies; Single Asset Entities; Special Purpose Entities; tenancy in common with up to five unrelated members; and irrevocable trusts with an individual guarantor
Eligible uses:
Acquisition or refinance of multifamily properties
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Loan size may range from $1 million up to $7.5 million. Maximum LTV typically ranges from 70 to 80% depending on the market and type of project (purchase vs. refinance).
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:
Triple Bottom Line Foundation
Triple Bottom Line Foundation (TBL Fund) is a nonprofit CDFI that focuses on Multifamily Affordable Housing and Indigenous Communities to create safer, healthier and affordable homes, while also creating job opportunities in the green energy field.
Details
Eligible home types:
Multifamily
Eligible recipients:
Owners of multifamily affordable housing properties and Indigenous Communities
Eligible uses:
Green Upgrades in Multifamily Affordable Housing, Clean Energy Deployment in Tribal Communities
Affordability requirements:
Financial Assistance Program: Multifamily Affordable Housing (MFAH): Over 50% of the tenants earn less than 80% of the area median income (AMI), or Rents are less than 80% of Area Median Rent, or Located in a HUD Distressed Community Census Tract / Utilities and Tribes in Disadvantaged Community (DAC) Rural Community, per USDA Rural Development, or Identified as DAC per EPA’s Climate and Economic Justice screening tool
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
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 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:
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:
Colorado Affordable Housing Financing Fund
The Colorado Affordable Housing Financing Fund supports land banking, equity, and concessionary debt for affordable housing. The Fund was created after Colorado voters passed Proposition 123, a ballot measure authorizing the state to retain money from existing state tax revenue to support affordable housing investment. The Fund is managed by the Office of Economic Development and International Trade (OEDIT) in partnership with CHFA.
Details
Eligible home types: To be eligible, projects seeking support must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with DOLA.
Eligible recipients: Local and tribal governments, nonprofits, for-profits, governmental entities including housing authorities
Eligible uses: acquisition and preservation of land, creation or preservation of low- and middle-income multifamily rental development, creation or preservation of modular and factory build manufacturers
Affordability requirements: Affordability requirements vary depending on program, however must serve individuals and families earning at or below specified AMIs
Geography funding is available to : Statewide
Maximum financial assistance per project: Varies depending on program
Additional notes or requirements:
Links to more information: https://coloradoaffordablehousingfinancingfund.com/ https://cdola.colorado.gov/prop123
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Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit provides an incentive for investors to invest in affordable housing construction and preservation via a tax credit. It is available as a competitive credit (9%), scored based on criteria in CHFA's Qualified Allocation Plan, or a non-competitive credit (4%), available to any project that receives at least 50 percent of their funding through tax-exempt bond financing (e.g. Private Activity Bonds) may claim this smaller tax credit without receiving a specific allocation from CHFA.
Details
Eligible home types:
  • Multifamily homes
  • Single-family homes
Eligible recipients:
  • For-profit developers
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • New construction of rental properties
  • Rehabilitation of rental properties
  • Permanent supportive housing
Affordability requirements:
Income requirements:
  • At least 20 percent of units affordable to households at or below 50% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI (based on income averaging across all units)
  • Rents cannot exceed 30 percent of 50-60% AMI (depending on share of credits in use)
  • 30 year affordability period
Geography funding is available to :
Statewide
Maximum financial assistance per project:
9% LIHTC: $1,350,000 (except for project financed with private activity bonds)
Additional notes or requirements:
9% and 4% federal Low-Income Housing Tax Credits are awarded by CHFA on annual basis. All projects must meet the minimum application and underwriting requirements and then are further evaluated against scoring criteria outlined in the Qualified Allocation Plan. CHFA sets a minimum score for both tax credit awards, with a lower threshold score for 4% federal tax credit projects and outlines state-specific policy priorities in its Qualified Allocation Plan.
Links to more information:
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