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?

Funding Sources Inventory

Displaying 1 - 25 of 60
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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:
Historic Tax Credits (HTC)
The federal Historic Tax Credit Program (sometimes called 20% HTC) is a financial incentive to rehabilitate historic properties for income-producing uses, including rental housing. An eligible project can receive a credit for up to 20% of eligible expenses, which reduces an owner's federal tax liability. This program is administered by the National Park Service, with input from State Historic Preservation Office (History Colorado). Rehabilitation using this tax credit must meet 10 Standards for Rehabilitation.
Details
Eligible home types:
N/A
Eligible recipients:
Owners or lessees of a property that meets the following criteria:
  • In the National Register
  • A contributing structure in a National Register district
  • Eligible for the National Register
  • A contributing structure on a National Register-eligible district
Eligible uses:
Qualified rehabilitation expenditures, which generally include:
  • Hard costs associated with physical preservation of the property
  • Soft costs (such as architecture or engineering services)
Affordability requirements:
N/A
Geography funding is available to :
Statewide
Maximum financial assistance per project:
None
Additional notes or requirements:
A project must spend at least $5,000 or the adjusted basis of the building (calculated as the purchase price minus the value of the land) (whichever is greater).
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:
Colorado State Historic Tax Credit
The state historic tax credit program is a financial incentive to rehabilitate historic properties including owner-occupied and rental housing. An eligible project can receive a credit for between 20-35% of eligible expenses, which reduces an owner's state tax liability over ten years.
Details
Eligible home types:
N/A
Eligible recipients:
Owners or lessees of a property that meets one of the following criteria:
  • On the Colorado State Register or
  • A Locally Landmark by a Certified Local Government (see link)
Eligible uses:
Qualified rehabilitation expenditures, which generally include:
  • Hard costs associated with physical preservation of the property
  • Repair of kitchens and bathrooms in residential buildings
  • Appliances which are permanently installed
Affordability requirements:
N/A
Geography funding is available to :
Statewide
Maximum financial assistance per project:
Residential properties: $50,000 (over 10 years) *Amount resets when ownership changes.
Additional notes or requirements:
A residential project must spend at least $5,000 on preservation activities and while there is no time limit to claim the credit for improvements, only improvements in the 24 months qualify.
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:
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:
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:
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:
Colorado C-PACE 
The Colorado Commercial Property Assessed Clean Energy Program (C-PACE) provides financing for clean energy upgrades in new or existing properties. Upgrade costs are repaid through future property tax assessments (after the property is already experiencing the cost savings from the upgrades). It can be used to finance a range of energy efficiency and renewable energy improvements and related expenses at multifamily (5+ units) properties (among others).
Details
Eligible home types:
  • Multifamily buildings (5+ units)
Eligible recipients:
  • Developers
  • Existing property owners (5+ unit buildings)
Eligible uses:
  • Energy efficiency improvements (HVAC; roof; building envelope improvements)
  • Renewable energy improvements (various types of power systems)
  • Water conservation improvements (irrigation and low-flow fixtures)
  • Other expenses related to making improvements (such as construction costs; permit fees; and engineering and design services)
Affordability requirements:
N/A
Geography funding is available to :
Maximum financial assistance per project:
  • New construction: Up to 35% of energy improvement costs
  • Existing buildings: Up to 100% of energy improvement costs
Additional notes or requirements:
Links to more information:
Energy Outreach Colorado 
Energy Outreach Colorado offers funding and services to assist with the purchase and installation of energy efficient equipment (Nonprofit Energy Efficiency Program); and weatherization of affordable multifamily properties (Affordable Housing Weatherization Program).
Details
Eligible home types:
Nonprofit Energy Efficiency: N/A Affordable Housing Weatherization Program: Buildings of 2+ units
Eligible recipients:
Nonprofit Energy Efficiency: Nonprofits in Colorado with a core mission to serve low-income households (exceptions apply) Affordable Housing Weatherization Program: Property owners of buildings where 66% of households at or below 80% AMI
Eligible uses:
Nonprofit Energy Efficiency Program: energy assessments; project installation; equipment replacement Affordable Housing Weatherization Program: energy audits; resource navigation; equipment replacement
Affordability requirements:
N/A
Geography funding is available to :
Nonprofit Energy Efficiency: Statewide Affordable Housing Weatherization Program
Maximum financial assistance per project:
Varies
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:
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:
USDA 515 Program 
The USDA 515/Multi-family Housing Direct Loan Program provides competitive direct loans to finance multifamily rental housing that services low-income families and elderly or disabled individuals. Rental assistance for individuals and households living in properties financed with 515 is also available.
Details
Eligible home types:
Multifamily rental development
Eligible recipients:
  • Nonprofit and for-profit associations and corporations
  • Individuals, partnerships, and trusts
  • Consumer cooperatives and partnerships
  • Public or private nonprofit organizations
  • Federally-recognized Tribes
Eligible uses:
  • Construction, improvement and purchase of multi-family rental housing
  • Land purchase and improvement
  • Infrastructure
Affordability requirements:
Geography funding is available to :
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Projects developed with USDA Multifamily Housing Direct Loans must be in compliance with NEPA.
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:
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:
USDA Single Family Housing Direct Home Loans (aka Section 502 loans)
This program assists low- and very-low-income applicants obtain decent, safe and sanitary housing in eligible rural areas by providing payment assistance to increase an applicant’s repayment ability. Payment assistance is a type of subsidy that reduces the mortgage payment for a short time. The amount of assistance is determined by the adjusted family income.
Details
Eligible home types:
2,000 square feet or less, no in-ground swimming pools, not have market value in excess of the applicable area loan limit set by USDA. Homes must be used as a primary residence and should not be designed for income producing activities.
Eligible recipients:
Low-income households who lack decent, safe and sanitary housing but are unable to obtain a loan from other resources
Eligible uses:
To help low-income individuals or households purchase homes in rural areas Build, repair, renovate or relocate a home Purchase and prepare sites (including providing water and sewage facilities)
Affordability requirements:
Funding must be used to support homeownership for low and very-low-income families living in rural areas
Geography funding is available to :
Eligible rural areas as defined by USDA
Maximum financial assistance per project:
Varies depending on applicant's assessed repayment ability and the area loan limit for the county in which the property is located
Additional notes or requirements:
Links to more information:
VA Native American Veteran Direct Loan Program 
The Native American Direct Loan (NADL) program is designed to assist households headed by Native Veterans in accessing financing to buy, build, or improve a home on federal trust land.
Details
Eligible home types:
Primary residences
Eligible recipients:
Veterans who are Native American or are married to someone who is Native American
Eligible uses:
Buy, build, or improve a home on federal trust land
Affordability requirements:
Geography funding is available to :
Federal trust land
Maximum financial assistance per project:
Varies based on applicant credit history, income, and assets
Additional notes or requirements:
Links to more information:
HUD Section 202 
HUD provides capital advances to finance the construction, rehabilitation or acquisition with or without rehabilitation of structures that will serve as supportive housing for very low-income elderly persons, including the frail elderly, and provides rent subsidies for the projects to help make them affordable.
Details
Eligible home types:
Supportive housing *if combined with additional financing, units funded with Section 202 may be included in buildings that offer other types of residential units (e.g. market rate units) or commercial space, so long as the 202 funding is only used for units serving very low-income elderly persons.
Eligible recipients:
Private nonprofit organizations and some nonprofit consumer cooperatives
Eligible uses:
Construction, rehabilitation or acquisition (with or without rehabilitation) of supportive housing
Affordability requirements:
At least one adult member of the household applying must be at least 62 years old; household must make less than 50% of the Area Median Income (AMI) of the location of the property; Residents at Section 202 properties are typically charged 30% of their adjusted income for rent.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies based on project type and size (will be specified in the Notice of Funding Availability released by HUD to award the funds)
Additional notes or requirements:
Each project must have a supportive services plan. Davis-Bacon requirements apply to projects financed with Section 202. All new construction and substantial (gut) rehabilitation projects financed with Section 202 must meet certain design requirements related to water and energy efficiency, broadband infrastructure, and accessibility. Projects developed with Section 202 must be in compliance with NEPA.
Links to more information:
HUD Section 811 
Through the Section 811 Supportive Housing for Persons with Disabilities program, HUD provides funding to develop and subsidize rental housing with the availability of supportive services for very low- and extremely low-income adults with disabilities. Two types of assistance are available through the Section 811 program 1) financing for nonprofit developers and 2) funding for state housing agencies to offer project-based rental assistance.
Details
Eligible home types:
Supportive housing
Eligible recipients:
Nonprofit organizations with Section 501c3 tax exemption from the IRS State housing agencies (for funding to administer project-based rental assistance only)
Eligible uses:
Construction, rehabilitation or acquisition (with or without rehabilitation) of supportive housing
Affordability requirements:
For projects funded by capital advances and supported by project rental assistance contracts (PRACs), households must be very low-income (within 50 percent of the median income for the area) with at least one adult member with a disability (such as a physical or developmental disability or chronic mental illness). For projects funded with Project Rental Assistance through state housing agencies, residents must be extremely low-income (within 30 percent of the median income for the area) with at least one adult member with a disability. States may establish additional eligibility requirements for this program.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies based on project type and size (will be specified in the Notice of Funding Availability released by HUD to award the funds)
Additional notes or requirements:
Each project must have a supportive services plan. Davis-Bacon requirements apply to projects financed with Section 811. All new construction and substantial (gut) rehabilitation projects financed with Section 811 must meet certain design requirements related to water and energy efficiency, broadband infrastructure, and accessibility. Projects developed with Section 811 must be in compliance with NEPA.
Links to more information:
Continuum of Care (CoC) program 
The CoC Program is designed to assist individuals (including unaccompanied youth) and families experiencing homelessness and to provide the services needed to help such individuals move into transitional and permanent housing, with the goal of long-term stability. More broadly, the CoC Program is designed to promote community-wide planning and strategic use of resources to address homelessness; improve coordination and integration with mainstream resources and other programs targeted to people experiencing homelessness; improve data collection and performance measurement; and allow each community to tailor its programs to the particular strengths and challenges in assisting homeless individuals and families within that community.
Details
Eligible home types:
  • Permanent supportive housing for persons with disabilities
  • Rapid re-housing (housing search and relocation services, plus short and medium-term rental assistance)
  • Transitional housing (up to 24 months of housing with accompanying supportive services)
  • Supportive services
Eligible recipients:
Private nonprofit organizations, States, local governments, public housing agencies, or instrumentalities of State or local government
Eligible uses:
Acquisition, rehabilitation, new construction Leasing costs Rental assistance costs (tenant-based, sponsor-based, or project-based) Supportive services costs Operating costs Costs related to collecting and managing client data via the Homeless Management Information System Program administration
Affordability requirements:
Housing resources must serve families experiencing homelessness (or who recently experienced homelessness)
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies annually based on HUD and local priorities, plus overall demand for funds
Additional notes or requirements:
All housing leased with CoC Program funds (including where rental assistance payments are made) must meet applicable Housing Quality Standards
Links to more information:

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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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