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 - 5 of 5
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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:
Multifamily Small Loan Program
Fannie Mae recognizes that owners of smaller properties have specific financing needs, and the Fannie Mae Multifamily Small Loan program has product offerings designed to meet those needs. The Multifamily Small Loan Program offers a streamlined loan process for fixed- and variable-rate mortgage loans up to $9 million nationwide.
Details
Eligible home types:
Conventional properties, Multifamily Affordable Housing properties, and Manufacturing Housing Communities, with 5+ residential units
Eligible recipients:
For-profit and non-profit borrowers
Eligible uses:
Acquisition or refinance of multifamily properties
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Up to $9 million. Maximum LTV: 80%. Minimum DCR: 1.25x.
Additional notes or requirements:
Links to more information:
Displaying 1 - 1 of 1
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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:
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