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 - 14 of 14
Start Over
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:
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:
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 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:
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:
Colorado State Affordable Housing Fund
The Colorado State Affordable Housing Fund provides funding for various homeownership and homelessness programs administered by DOLA. The Fund was created after Colorado voters passed Proposition 123, a ballot measure authorizing the state to retain money from existing state tax revenue to support affordable housing investment. The Fund is managed by DOLA.
Details
Eligible home types: To be eligible, projects seeking support must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with DOLA.
Eligible recipients: Nonprofit agencies, community land trusts, private entities, and local governments
Eligible uses: Homeownership, homelessness, and local capacity planning
Affordability requirements: Affordability requirements vary depending on program
Geography funding is available to : Statewide
Maximum financial assistance per project: Varies depending on program
Additional notes or requirements:
Links to more information: https://cdola.colorado.gov/prop123
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:
Healthy Homes program
This program offers grants for low-cost, home hazard assessments and interventions that address environmental health and safety concerns (e.g. mold, lead, allergens, asthma, carbon monoxide, home safety, pesticides, and radon). This program expands upon HUD’s other environmental safety programs focused on lead hazard reduction.
Details
Eligible home types:
  • Determined by implementing entity
Eligible recipients:
  • Non-profits
  • For-profit firms
  • State and local governments
  • Federally-recognized Indian Tribes
  • Colleges and universities
Eligible uses:
  • Low-cost methods for hazard assessment and intervention
  • Evaluations of interventions
  • Local capacity building for education
  • Development and delivery of public-education programs
Affordability requirements:
  • Determined by implementing entity *HUD encourages a majority of use among low
  • and very low-income households
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
  • Healthy Homes Technical Study Grant: $1.5-$3 million (individual grants)
  • Health Homes Demonstration Grant: Varies by project
Additional notes or requirements:
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:
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:
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 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.
Details
Eligible home types:
Public housing units
Eligible recipients:
Public Housing Agencies (PHAs)
Eligible uses:
PHA operations. A portion of operating reserves may be used for debt service, collateral, or other financing costs incurred by borrowing private capital to finance development and modernization of public housing. [see: https://www.hud.gov/sites/documents/OPFUND-FINANCING-GUIDE.PDF]
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 their income and expenses)
Additional notes or requirements:
Links to more information:
Rural Housing Site Loans (aka Section 523 Mutual Self-Help Housing Program and Section 524 loans)
Rural Housing site loans provide two types of loans to purchase and develop housing sites for low- and moderate-income families. Section 523 loans are used to acquire and develop sites only for housing constructed via the Self-Help method (where households construct the homes themselves, with technical assistance from the grantee), while Section 524 loans are not restricted to a specific construction method.
Details
Eligible home types:
Single-family homes
Eligible recipients:
Private or public non-profit organizations; federally recognized tribes
Eligible uses:
Administrative activities (salaries, office space, program costs related to supervising households as they build their homes) Purchase and development of housing sites for low and moderate-income households Supportive infrastructure for housing sites (e.g. street, walkway, or utilities investments)
Affordability requirements:
Housing sites must serve low and moderate-income families (low-income is defined as between 50-80% of the area median income; the upper limit for moderate income is 115% of area median income)
Geography funding is available to :
Rural areas nationwide. Determine eligibility of your site here: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1
Maximum financial assistance per project:
Varies by location.
Additional notes or requirements: Applications are accepted year-round, and you can apply through your local USDA RD office. A list of USDA RD offices is available at this link: tinyurl.com/RDStateOffices.
Links to more information:
Self-Help Homeownership Opportunity Program (SHOP)
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional nonprofit organizations and consortia to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs for low-income persons and families.
Details
Eligible home types:
Homeownership units
Eligible recipients:
National and regional nonprofit organizations or consortia with experience in using homebuyer and volunteer labor to build housing (applicants must have completed at least 30 units of self-help homeownership housing within the last 24 months)
Eligible uses:
Land acquisition Infrastructure improvements Administrative costs
Affordability requirements:
SHOP units must be sold below the appraised value of the property and the sale price must be reduced by the value of the homebuyer's sweat equity contribution. Homebuyers must have annual incomes equal to or less than 80% of the area median income for their household size to be eligible.

Grantees and affiliates are required to provide houses at prices below the market price to their homebuyers. Homebuyer sweat equity and volunteer labor will enable the grantee or affiliate to make the home available at a lower price.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Land acquisition and infrastructure improvement costs cannot exceed an average of $25,000 in SHOP assistance per unit. Administrative costs cannot exceed 20% of the total SHOP grant amount.
Additional notes or requirements:
Energy efficiency measures are strongly encouraged, but not required. Water conservation measures (like use of WaterSense products) are required. SHOP units must meet accessibility requirements established by the Uniform Federal Accessibility Standards (UFAS) and grantees must comply with requirements under the Americans with Disabilities Act (ADA) when applicable. Volunteer participation from the community (professional or non-professional labor) is also required in developing SHOP units.
Links to more information:
Displaying 1 - 1 of 1
Start Over
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:
Back to top