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 - 17 of 17
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Home Investment Partnership Program (HOME)
HOME provides federal funding to buy, build, or rehabilitate affordable rental and homeownership opportunities and to provide direct rental opportunities to low-income households. Funding can be provided as grants, direct loans, loan guarantees or other forms of credit enhancements, or rental assistance or security deposits. HOME funding for jurisdictions that do not receive this funding directly (non-participating jurisdictions) can apply to DOH through on a monthly basis. Participating jurisdictions (PJs) receive HOME funds directly.
Details
Eligible home types:
Varies based on activity
Eligible recipients:
Non-PJs: Local governments PJs/non-PJs:
  • Community Housing Development Organizations
  • Nonprofit and for-profit housing developers
Eligible uses:
  • Homebuyer assistance
  • Rehabilitation for Owner-Occupied Homes
  • Rental Housing Acquisition, Rehabilitation and Construction
  • Tenant-Based Rental Assistance
Affordability requirements:
  • Varies by activity Rental & rental assistance beneficiaries: 90 percent of households at or below 60% AMI
Geography funding is available to :
Non-PJs: Local governments and eligible organizations Participating jurisdictions
Maximum financial assistance per project:
Varies by activity
Additional notes or requirements:
*HUD sets limits on homeownership sales price (for new and existing construction) and maximum rents. *Note that for construction, the project would be subject to the Davis-Bacon Act, which requires any development projects receiving that funding to pay all laborers federal prevailing wages and provide fringe benefits.
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:
Private Activity Bonds (PABs)
Private activity bonds enable local and state governments to finance private development projects. The Colorado Department of Local Affairs (DOLA) allocates a portion of its annual bonding authority directly to statewide authorities (CHFA and Colorado Agricultural Development Authority or CADA) and local governments based on population. It retains a portions of the state's annual bonding authority ("Statewide Balance") to award for eligible projects across Colorado, including residential rental projects for low- and moderate-income households. Municipalities and housing authorities can apply for the bonding authority under the Statewide Balance PAB directly from DOLA.
Details
Eligible home types:
  • Multifamily
  • Single-family
Eligible recipients:
  • Local governments
  • Housing authorities
Eligible uses:
  • New construction or acquisition/rehabilitation of housing for low to moderate-income people
  • Single-family mortgage revenue bonds
  • Mortgage Credit Certificates (MCC) which is a bond allocation for qualified homebuyers
  • Qualified redevelopment bonds (blighted property acquisition; redevelopment preparation; relocation)
Affordability requirements:
Varies by use
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Based on bond cap
Additional notes or requirements:
Links to more information:
HUD Section 184 Loan Guarantee Program 
The Section 184 Loan Program was designed to provide access to mortgage financing to Native American and Alaskan Native tribal members. Section 184 home loans are guaranteed 100% by the Office of Loan Guarantee within HUD's Office of Native American Programs. This guarantee encourages national and local banks to provide mortgage loans to Native Americans. The Office of Loan Guarantee works with a national network of lenders to increase Native access to home financing and to improve the value of Native investments.
Details
Eligible home types:
Single-family homes (1-4 units) that will be a primary residence (i.e. not a second home)
Eligible recipients:
Currently enrolled members of Federally Recognized Tribes, Tribally Designated Housing Entities (TDHEs), and Indian Housing Authorities
Eligible uses:
You can use the Section 184 Loan to: Purchase an Existing Home Construct a New Home (Site-Built or Manufactured Homes on permanent foundations) Rehabilitate a Home, including weatherization Purchase and Rehabilitate a Home Refinance a Home (Rate and Term, Streamline, Cash Out)
Affordability requirements:
None
Geography funding is available to :
All counties in CO are authorized by HUD; each Tribe designates what land is eligible for their members who wish to use Section 184 funds (this is not necessarily limited to tribal trust land)
Maximum financial assistance per project:
Varies by county
Additional notes or requirements:
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:
Value-Add Loan Program
Short-term, cost-effective financing for modest property upgrades.
Details
Eligible home types:
Multifamily properties (including mixed-use) with no more than 500 total units. Senior housing, student housing and manufactured housing communities are not eligible.
Eligible recipients:
Developers/operators with experience in multifamily property rehabilitation and in the local market with sufficient financial capacity
Eligible uses:
Light rehabilitation of multifamily properties
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 85%. Minimum amortizing DCR: 1.1x
  • 1.15x depending on the market. Rehabilitation budget must be within $10,000 to $25,000 per unit.
Additional notes or requirements:
Rehabilitation must commence within 90 days of loan origination and be completed within 33 months
Links to more information:
MBS as Tax-Exempt Bond Collateral (MTEB)
A Fannie Mae Multifamily MBS that can be used as collateral to credit enhance either (i) existing fixed-rate bond refundings, or (ii) new fixed-rate bond issues in conjunction with 4% Low-Income Housing Tax Credits (LIHTC).
Details
Eligible home types:
Multifamily affordable housing properties with 4% LIHTCs.
Eligible recipients:
All property owners
Eligible uses:
Development, rehabilitation, or refinancing of multifamily affordable housing properties.
Affordability requirements:
None beyond existing requirements placed on eligible properties by 4% LIHTC program (note: higher LTVs allowed for properties with more affordable units)
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Maximum LTV: 90% for 4% LIHTC properties with at least 90% of the units meeting affordability requirements; 85% for 4% LIHTC properties with less than 90% of the units meeting affordability requirements; and 80% for refundings. Minimum DCR: 1.15x for 4% LIHTC properties with at least 90% of the units meeting affordability requirements; 1.20x for 4% LIHTC properties with less than 90% of the units meeting affordability requirements and for refundings.
Additional notes or requirements:
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:
Enterprise Community Loan Fund
Enterprise Community Loan Fund delivers high-impact capital to the people and places that need it most. Partnering with community groups and investors, they combine financial discipline, deep expertise and highly-collaborative partnerships to build and preserve homes people can afford, and invest in neighborhood resources and facilities residents needed most, including schools, federally qualified health centers, stores with healthy food options and more.
Details
Eligible home types:
Varies by loan product but generally includes: Multifamily (rental and supportive housing, plus for-sale housing on a case-by-case basis). Community facilities. Mixed-use projects that provide community facility space.
Eligible recipients:
Nonprofit and mission-aligned for-profit entities. Limited partnerships and single asset entities with nonprofit sponsors.
Eligible uses:
  • Pre-development (third-party due diligence, permits and applications and consultant fees).
  • Acquisition (Land and building acquisition, Critical repairs).
  • Construction (New construction or rehabilitation.)
  • Preservation of affordable housing.
Affordability requirements:
Varies by project.
Geography funding is available to :
Most financing products are available nationwide. Denver Regional TOD Fund is limited to the seven-county Denver Metro Area (within 1/2-mile of an existing or future fixed rail station, or within 1/4-mile of a high frequency bus corridor if within the City and County of Denver)
Maximum financial assistance per project:
Varies by loan product. Predevelopment - up to $2 million, Acquisition - up to $8 million, Construction - up to $10 million
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 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:
HUD 221(d)(4) Mortgage Insurance for Rental and Cooperative Housing
Section 221(d)(4) insures mortgage loans to facilitate the new construction or substantial rehabilitation of multifamily rental or cooperative housing for moderate-income families, elderly, and the handicapped. Single Room Occupancy (SRO) projects may also be insured under this section.
Details
Eligible home types:
Detached, semi-detached, row, walkup, or elevator-type rental or cooperative housing containing 5 or more units
Eligible recipients:
Eligible mortgagors include public, profit-motivated sponsors, limited distribution, nonprofit cooperatives, builder-seller, investor-sponsor, and general mortgagors. (There are no income limits. Projects may be designed specifically for the elderly or handicapped.)
Eligible uses:
Construction or rehabilitation of rental or cooperative housing for moderate-income and displaced families
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies by project (depending on unit sizes, structure type, and location)
Additional notes or requirements:
Davis-Bacon wage requirements apply.
Links to more information:
Displaying 1 - 1 of 1
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Home Investment Partnership Program (HOME)
HOME provides federal funding to buy, build, or rehabilitate affordable rental and homeownership opportunities and to provide direct rental opportunities to low-income households. Funding can be provided as grants, direct loans, loan guarantees or other forms of credit enhancements, or rental assistance or security deposits. HOME funding for jurisdictions that do not receive this funding directly (non-participating jurisdictions) can apply to DOH through on a monthly basis. Participating jurisdictions (PJs) receive HOME funds directly.
Details
Eligible home types:
Varies based on activity
Eligible recipients:
Non-PJs: Local governments PJs/non-PJs:
  • Community Housing Development Organizations
  • Nonprofit and for-profit housing developers
Eligible uses:
  • Homebuyer assistance
  • Rehabilitation for Owner-Occupied Homes
  • Rental Housing Acquisition, Rehabilitation and Construction
  • Tenant-Based Rental Assistance
Affordability requirements:
  • Varies by activity Rental & rental assistance beneficiaries: 90 percent of households at or below 60% AMI
Geography funding is available to :
Non-PJs: Local governments and eligible organizations Participating jurisdictions
Maximum financial assistance per project:
Varies by activity
Additional notes or requirements:
*HUD sets limits on homeownership sales price (for new and existing construction) and maximum rents. *Note that for construction, the project would be subject to the Davis-Bacon Act, which requires any development projects receiving that funding to pay all laborers federal prevailing wages and provide fringe benefits.
Links to more information:
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