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:
Includes financing for purchase and redevelopment of foreclosed homes and properties, bridge loans, financing costs, qualified redevelopment bonds, and construction loan interest.
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.
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.
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.
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.
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.
Tribal HUD-VASH
Tribal HUD-VASH combines rental assistance from HUD with case management, clinical and supportive services provides by VA specifically for Native American Veterans who are homeless or at risk of homelessness. Grant funding is available to federally-recognized Tribes and Tribally Designated Housing Entities (TDHEs) to administer this rental assistance, in partnership with the Department of Veterans Affairs (VA) who provides case management and supportive services to recipients of the assistance.
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.
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.
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.
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.
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.
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.
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.
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.
RAD
The Rental Assistance Demonstration (RAD) allows public housing agencies (PHAs) and owners of other HUD-assisted properties to convert units from their original sources of HUD financing to project-based Section 8 contracts. The primary benefit of RAD is that properties that convert under this process are no longer restricted from securing private sources of capital financing, and the owners are therefore able to address deferred maintenance issues that have caused Public Housing and other HUD rental stock to deteriorate nationwide.
Public Housing Operating Fund
The Public Housing Operating Fund provides operating subsidies to housing authorities to assist in funding the operating and maintenance expenses of their own dwellings. The subsidies are required to help maintain services and provide minimum operating reserves.
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.
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.
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.
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).
Small-scale Housing Permanent Loan
The Small-scale Housing Permanent Loan program provides up to $2.5 million of uninsured permanent financing for four- to 19-unit multifamily rental properties. This innovative program provides critical long term financing to smaller properties from a trusted partner.
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.
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.