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.

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 - 9 of 9
Start Over
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:
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:
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:
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:
Small Multifamily Permanent Loan Program (SIMPLE)
SIMPLE provides up to $3 million in uninsured permanent financing for 9 percent Housing Credit projects. With streamlined execution, you can get to loan commitment in as little as 60 days of submitting a complete application. Can be paired with CHFA's gap financing programs (e.g. CHFA Housing Opportunity Fund or Capital Magnet Fund).
Details
Eligible home types:
9% Housing Tax Credit projects
Eligible recipients:
9% Housing Tax Credit developers
Eligible uses:
Acquisition, new construction, and substantial rehabilitation
Affordability requirements:
Minimum AMI Restrictions: 20% at 50% AMI or 40% at 60% AMI
Geography funding is available to :
Colorado
Maximum financial assistance per project:
$3 million. Lesser of 90% LTV or development costs. Debt Service Coverage: 1.15. Amount supportable by the project’s stabilized net operating income..
Additional notes or requirements:
Must conform with CHFA Credit Policy, including operating and replacement reserve requirements. CHFA requires an operating reserve sized to six months of underwritten operating expenses and debt service. Replacement reserve deposits and tax/insurance escrows are required once the project converts to the permanent period. For new construction projects, the minimum replacement reserve deposit is $250 per unit per year for senior properties, $300 per unit per year for family properties, and $350 per unit per year for permanent supportive housing properties. For acquisition/rehab properties, the corresponding reserves minimums would be increased by $50 per unit per year.
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:
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
Displaying 1 - 1 of 1
Start Over
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:
Back to top