Colorado Housing Investment Fund (CHIF) is sponsored by Colorado Division of Housing (DOH). The Colorado Housing Investment Fund was created with $36 million from the Attorney General's custodial funds to address Colorado's need for affordable rental housing. The Division of Housing lists it as a funding source.

Funding Sources Inventory | Colorado Affordable Housing Developer’s Guide 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 Uses Include funding that can be used for: Acquisition/purchase of land or property of any type, including the purchase of blighted properties and the establishment of land banks.

Includes activities related to commercial, community, or mixed-use projects, public facilities, public services, economic development, local capacity-building, development and delivery of public education programs, food assistance, crime prevention and safety, physical neighborhood improvements, and neighborhood reinvestment.

Includes homebuyer assistance, assistance for low-income individuals or families purchasing homes in rural areas, homeownership activities, and mortgage assistance. New construction of any property type, including community facilities, cooperative housing, and housing developments. New construction of any property type, including community facilities, cooperative housing, and housing developments.

Includes site development (i.e., activities related to land improvements, site preparation, and the development of necessary infrastructure), planning activities (architectural, engineering, feasibility planning, etc.), and other predevelopment activities. Includes administration and operating costs, intervention evaluation, and use of innovative methods for affordable housing delivery.

Includes financing for purchase and redevelopment of foreclosed homes and properties, bridge loans, financing costs, qualified redevelopment bonds, and construction loan interest.

Rehabilitation, Redevelopment, & Preservation Rehabilitation, redevelopment, or preservation of any property type, including repairs, maintenance, renovations, exterior and interior building improvements, and energy and water conservation or weatherization improvements. Includes rental assistance, housing and supportive services, and relocation assistance.

Eligible Recipients Include funding that can be used by: Includes resources that don’t have restrictions on the type of owner, developer, or borrower that may apply for funds. Note: capacity requirements (e.g. prior experience requirements) and other eligibility requirements may still apply (use or property type requirements, geographic limitations, affordability requirements, etc.).

Federally Recognized Tribes Includes currently enrolled members of Federally Recognized Tribes, veterans who are Native American or married to someone who is Native American, households living on Indian reservations, American Indian households residing in approved areas near reservations, tribal and territorial governments, Indian Housing Authorities, and IHBG recipients.

Includes developers, contractors, businesses, or other for-profit corporations. Includes quasi-governmental redevelopment authorities and state housing agencies, in addition to public housing authorities. Includes individuals seeking financing for their own homes (usually their primary residence).

Includes developers, contractors, community development organizations, and other not-for-profit organizations. State and Local Governments Includes state and local governments. Leaseholders who do not own the property.

Eligible Home Types Include funding that can be used for: Community and Commercial Real Estate Includes mixed-use projects that provide community facility space. Housing funded through the Housing Tax Credit program. Housing that includes units at a range of rent levels.

May include housing where some units are subsidized and some are not. Includes any residential property that contains more than one dwelling unit. Housing that is owned and/or operated by public housing authorities (PHAs) or is funded with PHA resources.

Includes rental development of various building types. Includes structures maintained and used as single dwelling units. Includes transitional housing, rapid re-housing, and permanent supportive housing.

Funding Type Include the following type(s) of funding: Affordability Requirements Show funding that may have affordability requirements? Geographic Limitations Include funding designated for: Tribal Lands & Native Communities Funding Sources Inventory 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 .

New construction of rental properties Rehabilitation of rental properties Permanent supportive housing Affordability 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 : 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.

Owners or lessees of a property that meets the following criteria: A contributing structure in a National Register district Eligible for the National Register A contributing structure on a National Register-eligible district 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: Geography funding is available to : Maximum financial assistance per project: 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: NPS Rehabilitation standards New Markets Tax Credits (NMTC) The federal New Markets Tax Credit is designed to increase investment in low-income communities for a range of economic and community development activities. These activities are financed through a network of certified financial intermediaries to make direct investments in low-income communities.

This program can be used to fund residential rental property in limited instances - only if it's part of a mixed-use development where less than 80 percent of project revenues are from residential units.

Certified Community Development Entities (CDEs) Community businesses in low-income areas Commercial, community, or mixed-use projects Affordability requirements: For eligible mixed-used projects: At least 20% of rental units affordable to households at or below 80% AMI At least 20% of the housing units must be rent restricted and occupied by households at 80% AMI or lower Geography funding is available to : Statewide in qualified low-income communities Maximum financial assistance per project: Additional notes or requirements: Links to more information: Program overview from the CDFI Fund 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 ).

New construction of rental properties Rehabilitation of rental properties Permanent supportive housing Affordability 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 : Maximum financial assistance per project: 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.

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) 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: Geography funding is available to : 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: List of Colorado Certified Local Governments 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.

Community Housing Development Organizations (CHDOs) Non-profit and for-profit housing developers Acquisition of real property Relocation and demolition Rehabilitation (residential & non-residential) Public services (limited) 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) Maximum financial assistance per project: 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: Program overview from DOLA Program overview from HUD Colorado CDBG contacts list Eligibility requirements (HUD) 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.

Non-PJs: Local governments PJs/non-PJs: Community Housing Development Organizations Nonprofit and for-profit housing developers 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: 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: State of Colorado Consolidated Plan (2020-2024) 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.

Rehabilitation of existing units Affordability requirements: Consult DOH Housing Development Specialist for latest guidance.

Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: DOLA Regional Development Specialists 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. Affordability requirements: Consult DOH Housing Development Specialist for latest guidance.

Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: DOLA Regional Development Specialists 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.

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) Loan pool: nonprofits; for-profits; housing authorities Loan guarantee: nonprofits; for-profits; housing authorities 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: CHFA Term Sheet - Loan Guarantee DOLA Regional Development Specialists 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.

Site improvements and hard costs Rehabilitation of existing units 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 : Maximum financial assistance per project: 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.

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: Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: PAB Application Instructions (DOLA) 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.

Determined by implementing entity State and local governments Federally-recognized Indian Tribes Colleges and universities 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 : 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: Healthy Housing Rewards Initiative The Healthy Housing Rewards Initiative offers discounted mortgage financing for new construction or rehabilitation of multifamily affordable rentals when borrowers use physical design and resident services practices to advance health outcomes.

Properties must meet or exceed the minimum certification standards of the Fitwel® Certification System (operated by the Center for Active Design); certification costs (up to $6,500) are reimbursable as part of the loan. Multifamily rental properties where at least 60% of the units are affordable to households earning no more than 60% AMI Developers of eligible multifamily properties *Note can be used once per borrower per property.

Affordability requirements: Households earning no more than 60% AMI Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: Healthy Housing Rewards Term Sheet 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.

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) 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: Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: Food Distribution Household Programs (Colorado Department of Human Services) 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).

Multifamily buildings (5+ units) Existing property owners (5+ unit buildings) 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: 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: Participating counties list Colorado C-PACE in rural communities Energy Smart Colorado serves as a clearinghouse for energy rebates for eligible homeowners and businesses, along with recommendations for energy efficiency upgrades, plus contractors and financing you can use to implement them.

Homeowners and commercial property owners can directly apply for a range of energy efficiency rebates through Energy Smart Colorado's website. It also has financing for commercial property owners (Colorado C-PACE) and residential homeowners through the Colorado Residential Energy Upgrade (RENU) Loan program.

Affordability requirements: Geography funding is available to : Maximum financial assistance per project: Additional notes or requirements: Links to more information: Application for residential rebates 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).

Nonprofit Energy Efficiency: N/A Affordable Housing Weatherization Program: Buildings of 2+ units 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 Nonprofit Energy Efficiency Program: energy assessments; project installation; equipment replacement Affordable Housing Weatherization Program: energy audits; resource navigation; equipment replacement Affordability requirements: Geography funding is available to : Nonprofit Energy Efficiency: Statewide Affordable Housing Weatherization Program Maximum financial assistance per project: Additional notes or requirements: Links to more information: Affordable Housing Weatherization Rebate Programs Find Payment Assistance Agencies 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.

Multifamily rental properties Mixed-income developments 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: Additional notes or requirements: Links to more information: Colorado CDBG-DR Term Sheet The Federal Emergency Management Agency (FEMA) offers grants to mitigate hazards and increase resilience through a series of programs (Hazard Mitigation Loan Program for activities like structural retrofits; installation of mitigation features; and housing acquisition; Flood Mitigation Assistance for activities that reduce or eliminate flood risks) before and after a disaster.

Some resources are available on a competitive basis throughout the entire state, while others are only available in declared disaster areas (see link). Tribal and territorial governments Affordability requirements: Geography funding is available to : Varies *see specific program details.

Maximum financial assistance per project: Additional notes or requirements: Links to more information: Hazard Mitigation Grants info 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.

Homeowners: Primary residence Business owners/nonprofits: Rental properties Business owners/nonprofits 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: Geography funding is available to : 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: Disaster Declaration Search 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.

Multifamily rental development Nonprofit and for-profit associations and corporations Individuals, partnerships, and trusts Consumer cooperatives and partnerships Public or private nonprofit organizations Federally-recognized Tribes Construction, improvement and purchase of multi-family rental housing Land purchase and improvement Affordability requirements: Very low-income to moderate-income families or individuals Very-low income is defined as at or below 50 percent of the area Low income is defined as at or below 80 percent of the area Moderate income is defined as at or below 80 percent of area median Persons with a disability Geography funding is available to : Varies - See List of eligible places available from Rural Development State Offices Maximum financial assistance per project: Additional notes or requirements: Projects developed with USDA Multifamily Housing Direct Loans must be in compliance with NEPA.

Links to more information: USDA Rural Development state offices USDA Rural Housing Preservation Academy The Off-Farm Labor Housing Loans and Grants program provides low interest loans and grants to eligible borrowers to develop or rehabilitate affordable rental housing for very-low, low or moderate-income domestic, migrant, and seasonal farm laborers.

Borrowers must not otherwise be able to get Affordable Rental Housing Nonprofit organization of Federally recognized Indian States or local governments Limited partnerships with a nonprofit general partner.

Must meet 7 CFR Construction, improvement, repair, and purchase of housing for domestic farmworkers Land purchase and improvement Construction loan interest Affordability requirements: income eligibility is based on household size; serve very-low, low, or moderate-income domestic, migrant, and seasonal farm Geography funding is available to : Maximum financial assistance per project: is indicated in the Federal Register NOSA.

Grants are available only to nonprofit entities and can fund up to 90 percent of the project cost. Additional notes or requirements: Links to more information: The Multifamily Housing Loan Guarantees program works with qualified private-sector lenders to provide financing to qualified borrowers to increase the supply of affordable rental housing for low- and moderate-income individuals and families in eligible rural areas and towns.

Rental development of 5+ units (detached, semi-detached, row houses, multifamily) Eligible lenders: Automatically eligible if approved by one of the following agencies: Fannie Mae, Freddie Mac, Ginnie Mae Federal Home Loan Bank members State or local housing finance agencies Local and state governments (most) Federally recognized tribes Construction, improvement and purchase of multi-family rental housing Land purchase and improvement Affordability requirements: Individual unit rent cap: 30% of 115% area median income Project rent cap: 30% of 100% area medium income, adjusted for family size and including tenant-paid utilities Geography funding is available to : - Rural areas and towns with 35,000 or fewer people - Federally recognized tribal lands Maximum financial assistance per project: Varies by development For-profits: Up to 90% of loan Non-profits: 97% of the total development cost or appraised value, whichever is less Additional notes or requirements: 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.

Single-family homes (1-4 units) that will be a primary residence (i.e. not a second home) Currently enrolled members of Federally Recognized Tribes, Tribally Designated Housing Entities (TDHEs), and Indian Housing Authorities 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: 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: Additional notes or requirements: Links to more information: Program overview for borrowers List of participating lenders Program information for TDHEs 2020 maximum loan amounts for Section 184 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 .

New construction of rental properties Rehabilitation of rental properties Permanent supportive housing Affordability 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 : 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