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?

Funding Sources Inventory

Displaying 1 - 3 of 3
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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:
Impact Development Fund
Impact Development Fund (IDF) is a nonprofit Community Development Financial Institution (CDFI) who provides financing to nonprofit, for-profit and local agency developers seeking to expand and improve the inventory of rental and owner-occupied housing.
Details
Eligible home types:
Affordable housing (rental or homeownership), commercial real estate in targeted neighborhood revitalization areas, nonprofit facility space
Eligible recipients:
Nonprofit and for-profit borrowers, housing authorities
Eligible uses:
Development or preservation of affordable housing. Pre-Development, Acquisition, Construction (including new construction, expansion, rehabilitation)
Affordability requirements:
Varies by project.
Geography funding is available to :
Colorado, with preference for low income and underserved markets.
Maximum financial assistance per project:
Maximum LTV: up to 90%. Varies by loan program.
Additional notes or requirements:
Links to more information:
Displaying 1 - 1 of 1
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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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