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

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Middle-income Housing Tax Credit
Authorized in House Bill 24-1316, CHFA introduced a pilot program, the Middle-income Housing Tax Credit (MIHTC). This new program will support the development of affordable rental housing serving residents with middle income, earning between 80% and 120% AMI and up to 140% in rural resort communities.
Details
Eligible home types: Multifamily rental homes
Eligible recipients: For-profit developers, nonprofit developers, housing authorities, government or quasi-governmental entities
Eligible uses: New construction of rental properties
Affordability requirements: 80% to 120% AMI and up to 120% AMI in rural resort communities; with statutory affordability term of 15 years
Geography funding is available to : Statewide
Maximum financial assistance per project:
Additional notes or requirements: Classification of urban, rural, and rural resort communities - https://docs.google.com/document/d/155FaNHQgrS_xqoaA-uDe7n_jQL4U3Wbm6ceHE-iA9JU/edit
Links to more information: https://www.chfainfo.com/rental-housing/housing-credit/colorado-state-affordable-housing-tax-credit
Transit-oriented Communities Tax Credit
Authorized in House Bill 24-1434, CHFA introduced a new state Housing Tax Credit, the Transit-oriented Communities (TOC) credit. This resource will support the development of affordable rental housing in transit areas and transit centers or neighborhood centers with a transit-oriented community.
Details
Eligible home types: Multifamily rental homes in transit areas
Eligible recipients: For-profit developers, nonprofit developers, housing authorities
Eligible uses: New construction of rental properties
Affordability requirements: 30% to 80% AMI with an affordability term of 15 years
Geography funding is available to : Defined transit areas and transit centers or neighborhood centers with a transit-oriented community
Maximum financial assistance per project:
Additional notes or requirements:
Links to more information: https://www.chfainfo.com/rental-housing/housing-credit/colorado-state-affordable-housing-tax-credit

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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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