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 - 12 of 12
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New Markets Tax Credits (NMTC)
The federal New Markets Tax Credit is designed to increase investment in low-income communities for a range of economic and community development activities. These activities are financed through a network of certified financial intermediaries to make direct investments in low-income communities. This program can be used to fund residential rental property in limited instances - only if it's part of a mixed-use development where less than 80 percent of project revenues are from residential units.
Details
Eligible home types:
N/A
Eligible recipients:
Certified Community Development Entities (CDEs)
Eligible uses:
  • Community businesses in low-income areas
  • Commercial, community, or mixed-use projects
Affordability requirements:
For eligible mixed-used projects:
  • At least 20% of rental units affordable to households at or below 80% AMI
  • At least 20% of the housing units must be rent restricted and occupied by households at 80% AMI or lower
Geography funding is available to :
Statewide in qualified low-income communities
Maximum financial assistance per project:
N/A
Additional notes or requirements:
Links to more information:
Community Development Block Grant (CDBG)
CDBG provides federal funding for activities that benefit low- and moderate-income households and prevent slums and blight. The Colorado Division of Housing (DOH) administers the CDBG program for municipalities that do not receive CDBG funds directly. Units of local government (including counties) that do not receive funds directly can apply to DOH through on a monthly basis; local governments may apply on behalf of nonprofits. DOH provides grants for the acquisition, rehabilitation, or installation of public facilities (e.g., sewer and water systems, commercial streetscape improvements, community centers, food banks, shelters, health clinics). Entitlement communities receive CDBG funding directly.
Details
Eligible home types:
Varies based on activity
Eligible recipients:
  • Local governments
  • Community Housing Development Organizations (CHDOs)
  • Non-profit and for-profit housing developers
Eligible uses:
  • Acquisition of real property
  • Relocation and demolition
  • Rehabilitation (residential & non-residential)
  • Public facilities
  • Public services (limited)
  • Energy conservation
  • Economic development activities
    *Cannot be used for construction of new homes
Affordability requirements:
At least 70 percent of activities need to benefit low and moderate-income households
Geography funding is available to :
  • Non-entitlement: All units of local government (including counties)
  • Entitlement communities
Maximum financial assistance per project:
Varies by activity
Additional notes or requirements:
* Note that for construction with exceptions, 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:
USDA food distribution resources 
USDA offers several food distribution resources to combat food insecurity, including the Food Distribution Program on Indian Reservations (which ships USDA Foods to eligible households), the Commodity Supplemental Food Program (which provides USDA Foods to low-income persons aged 60 years or older to supplement their diet), and the Emergency Food Assistance Program (which provides no-cost emergency food assistance to low-income households). The Food Distribution Program on Indian Reservations and Commodity Supplemental Food programs are administered by either an Indian Tribal Organization or state government agency, and they provide USDA Foods and funding for administration. The Emergency Food Assistance Program is administrated by states, providing food directly to households and local nonprofit organizations.
Details
Eligible home types:
N/A
Eligible recipients:
Food Distribution Program on Indian Reservations: Income-eligible households living on Indian reservations, and to American Indian households residing in approved areas near reservations and in Oklahoma Commodity Supplemental Food Program: Low-income persons at least 60 years of age (and some children if eligible before 2014 program changes) that meet income guidelines (see link) Emergency Food Assistance: Eligibility based on enrollment in one or more public assistance programs or meet income guidelines (see link)
Eligible uses:
Food Distribution Program on Indian Reservations: No-cost food assistance; administration costs Commodity Supplemental Food Program: Supplemental no-cost food assistance; administration costs Emergency Food Assistance: Supplemental no-cost food assistance; administration costs
Affordability requirements:
Varies by program
Geography funding is available to :
Varies by programs
Maximum financial assistance per project:
N/A
Additional notes or requirements:
Links to more information:
Disaster Loan Assistance (US SBA) 
The Small Business Administration offers low-interest loans to businesses, nonprofits, homeowners, and renters located in regions affected by declared disasters via their Disaster Loan Assistance program. Loans can cover costs associated with homeowners' primary residence; renter's real property; and repair and replacement of real property for eligible rental property owners.
Details
Eligible home types:
  • Homeowners: Primary residence
  • Business owners/nonprofits: Rental properties
Eligible recipients:
  • Homeowners
  • Renters
  • Business owners/nonprofits
Eligible uses:
  • Homeowner: Replace or repair primary residence; mortgage refinance (in some cases); personal property
  • Renter: Personal property
  • Business owner/nonprofits: Replace or repair real property; machine; equipment; inventory
Affordability requirements:
N/A
Geography funding is available to :
Declared disaster area
Maximum financial assistance per project:
Homeowner: Up to $200,000 for housing; Up to $40,000 for personal property Renter: Up to $40,000 for personal property Business owners/nonprofits: Up to $2 million
Additional notes or requirements:
Links to more information:
Tribal Housing Activities Loan Guarantee Program (Title VI) 
The purpose of the Title VI loan guarantee is to assist Indian Housing Block Grant (IHBG) recipients (borrowers) who want to finance additional grant-eligible construction or development at today’s costs. Tribes can use a variety of funding sources in combination with Title VI financing, such as low-income housing tax credits.
Details
Eligible home types:
All (anything eligible for IHBG is eligible for Title VI)
Eligible recipients:
IHBG recipients (i.e. Federally Recognized Tribes, Alaska Native Villages, and Tribally Designated Housing Entities [TDHEs])
Eligible uses:
Create new housing Rehabilitate housing Build infrastructure Construct community facilities Acquire land to be used for housing Prepare architectural & engineering plans Fund financing costs
Affordability requirements:
Grant funds must be used to primarily benefit low-income Native families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
The maximum guarantee amount that a tribe/TDHE can borrow is approximately five times the need portion of the annual IHBG allocation. There is no minimum loan size.. A tribe/TDHE may have one or more Title VI loans, but the combined total may not exceed the maximum guarantee amount.
Additional notes or requirements:
Links to more information:
Indian Housing Block Grant (IHBG) 
The Indian Housing Block Grant (IHBG) program is a formula grant administered by HUD. Under the program, eligible Indian tribes and tribally-designated housing entities (TDHEs) receive grants to carry out a range of affordable housing activities.
Details
Eligible home types:
All
Eligible recipients:
Federally Recognized Tribes and Tribally Designated Housing Entities (TDHEs) who submit an Indian Housing Plan and complete Annual Performance Reports
Eligible uses:
Grant funds may be used to develop, maintain, and operate affordable housing in safe and healthy environments on Indian reservations and in other Indian areas, and carry out other affordable housing activities.
Affordability requirements:
Housing units available for low-income Indian families
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
HUD strongly encourages new affordable housing construction projects that will increase the number of housing units available for low-income Indian families and help address the housing shortage in Indian Country. Additionally, HUD encourages housing rehabilitation projects that will increase the useful life of existing affordable housing units and alleviate substandard housing conditions. HUD also encourages necessary affordable housing-related infrastructure projects that will enable future construction or rehabilitation. While HUD will give funding priority for new construction projects, rehabilitation projects, and related necessary infrastructure projects, applicants may also apply for funding to carry out other eligible activities under NAHASDA.
Links to more information:
Indian Community Development Block Grant (ICDBG) 
The Indian Community Development Block Grant (ICDBG) program provides direct grants for activities related to housing, community facilities, and economic opportunities, primarily for low- and moderate-income persons.
Details
Eligible home types:
All
Eligible recipients:
Federally-recognized tribal nations and Alaska Native villages
Eligible uses:
Housing (primarily rehabilitation and land acquisition for new construction, but also new housing construction in some circumstances) Community facilities (infrastructure for and construction of community buildings) Economic development projects
Affordability requirements: Program funds are required to principally benefit low- and moderate-income persons
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Determined annually (specified in each NOFA)
Additional notes or requirements:
ICDBG funds are exempt from federal prevailing wage requirements
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:
Public Housing Capital Fund 
The Public and Indian Housing (PIH) Office of Capital Improvements administers the Capital Fund. The Capital Fund provides funds, annually, to Public Housing Agencies (PHAs) for the development, financing, and modernization of public housing developments and for management improvements.
Details
Eligible home types:
Public housing units
Eligible recipients:
Public Housing Agencies (PHAs)
Eligible uses:
Development, financing, and modernization of public housing projects, which includes redesign, reconstruction, and reconfiguration of public housing sites and buildings (including accessibility improvements) and development of mixed-finance projects. Vacancy reduction. Addressing deferred maintenance needs, including replacing obsolete utility systems. Planned code compliance or management improvements. Increasing on-site computer access and training. Resident relocation. Capital expenditures to facilitate programs to improve resident empowerment and economic self-sufficiency. Capital expenditures to improve safety and security of residents. Homeownership activities. Installing or changing fixtures and fittings to improve energy and water-use efficiency. Integrated utility management and capital planning.
Affordability requirements:
Public housing is limited to low-income families and individuals
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Each PHA's annual allocation is determined by formula (based on data submitted by each PHA about existing and accrued modernization needs)
Additional notes or requirements:
Davis-Bacon wage requirements apply for all work or contracts exceeding $2,000 in connection with development or modernization activities for a public housing project (except for non-routine maintenance work)
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:
More Housing Now and Land Use Initiative
The More Housing Now and Land Use Initiative is a program of DOLA to support local governments to adopt land use and other strategies to increase the opportunity for affordable and attainable housing development. This initiative helps address the significant demand for local government infrastructure to support these projects.
Details
Eligible home types: Multifamily and single-family
Eligible recipients: Local governments
Eligible uses: Infrastructure projects that support affordable and attainable housing goals including: water, sewer, streetscape or placemaking improvements, and preliminary planning and analysis technical assistance
Affordability requirements: Rural and Urban Communities: up to 140% AMI for rental and ownership, Rural Resort Communities: Up to 140% for rental and 160% for ownership
Geography funding is available to : Statewide
Maximum financial assistance per project: up to $1,000,000
Additional notes or requirements:
Links to more information: https://dlg.colorado.gov/more-housing-now-land-use-initiative
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New Markets Tax Credits (NMTC)
The federal New Markets Tax Credit is designed to increase investment in low-income communities for a range of economic and community development activities. These activities are financed through a network of certified financial intermediaries to make direct investments in low-income communities. This program can be used to fund residential rental property in limited instances - only if it's part of a mixed-use development where less than 80 percent of project revenues are from residential units.
Details
Eligible home types:
N/A
Eligible recipients:
Certified Community Development Entities (CDEs)
Eligible uses:
  • Community businesses in low-income areas
  • Commercial, community, or mixed-use projects
Affordability requirements:
For eligible mixed-used projects:
  • At least 20% of rental units affordable to households at or below 80% AMI
  • At least 20% of the housing units must be rent restricted and occupied by households at 80% AMI or lower
Geography funding is available to :
Statewide in qualified low-income communities
Maximum financial assistance per project:
N/A
Additional notes or requirements:
Links to more information:
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