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 RecipientsInclude funding that can be used by:

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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Tax-Exempt Loan
Financing for the acquisition or refinance of stabilized affordable multifamily properties with 4% Low-Income Housing Tax Credits (LIHTC) with at least 7 years remaining in the LIHTC compliance period.
Details
Eligible home types:
Garden, mid-rise or high-rise multifamily properties with 4% LIHTC with 90% occupancy for 90 days. May be used for mixed-use properties.
Eligible recipients:
Any owner of a property with 4% LIHTCs.
Eligible uses:
Refinancing affordable multifamily properties with 4% LIHTCs.
Affordability requirements:
There must be at least 7 years remaining in the LIHTC compliance period.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 85% of adjusted value or 90% of market value. Minimum DCR: 1.15x.
Additional notes or requirements:
Links to more information:
Housing Opportunity Fund (HOF)
CHFA HOF provides up to $1 million in flexible gap financing, which can be paired with any of CHFA’s senior debt programs as secondary financing, used as a first mortgage loan, or as an interest rate subsidy.
Details
Eligible home types:
All
Eligible recipients:
All affordable housing types
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:
$1 million. Maximum LTV: 90%. Minimum DCR: 1.15x (first loan) or 1.05x (combined with all hard debt)
Additional notes or requirements:
Must conform with CHFA Credit Policy, including operating and replacement reserve requirements (when the HOF program is used as a first mortgage or senior debt; reserve requirements are not in place if HOF is used as secondary or tertiary debt). 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. CHFA must be the senior lender if this funding is used.
Links to more information:
Partners for the Common Good
PCG is a certified Community Development Financial Institution (CDFI) that was created as a vehicle to allow socially conscious investors to put their money to work serving communities left out of the economic mainstream. PCG moves the economy forward by financing community development and encouraging community engagement.
Details
Eligible home types:
Any that have tangible benefits for low-income individuals (including affordable housing and community facilities, amongst others)
Eligible recipients:
Any borrower engaged in projects that primarily serve low-income people, with support of the local community, but that cannot be adequately served by conventional sources of financing
Eligible uses:
Acquisition Construction and/or rehabilitation Preservation
Affordability requirements:
Must include units affordable to low-income people
Geography funding is available to :
Nationwide, with a focus on low-income communities
Maximum financial assistance per project:
$1,750,000 Maximum LTV: 90%. Minimum DCR: 1.10x on some loan types
Additional notes or requirements:
Projects that are environmentally sensitive and contribute demonstrably to healthy communities are prioritized.
Links to more information:
Displaying 1 - 1 of 1
Start Over
Tax-Exempt Loan
Financing for the acquisition or refinance of stabilized affordable multifamily properties with 4% Low-Income Housing Tax Credits (LIHTC) with at least 7 years remaining in the LIHTC compliance period.
Details
Eligible home types:
Garden, mid-rise or high-rise multifamily properties with 4% LIHTC with 90% occupancy for 90 days. May be used for mixed-use properties.
Eligible recipients:
Any owner of a property with 4% LIHTCs.
Eligible uses:
Refinancing affordable multifamily properties with 4% LIHTCs.
Affordability requirements:
There must be at least 7 years remaining in the LIHTC compliance period.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 85% of adjusted value or 90% of market value. Minimum DCR: 1.15x.
Additional notes or requirements:
Links to more information:
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