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Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance is sponsored by Colorado Office of Economic Development and International Trade (OEDIT) and Colorado Housing and Finance Authority (CHFA). This program offers low-cost factory loans to support new or expanding innovative housing manufacturing facilities in Colorado, including those producing modular and factory-built homes.
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CHFA: Innovative Housing and Modular Manufacturer Financing innovative housing and modular manufacturer financing Awards have been announced On January 8, 2026, CHFA joined Governor Jared Polis and the Office of Economic Development and International Trade (OEDIT) in announcing the recipients of Proposition 123 Modular Finance and IHIP awards. View the Awards List below .
Proposition 123 Modular Finance (Prop 123) The Proposition 123 Concessionary Debt program provides debt financing for modular and factory-built housing manufacturers. This program will be coordinated with OEDIT’s Innovative Housing Incentive Program (IHIP) administered by CHFA to strategically invest in Colorado’s offsite housing manufacturing industry.
Additional details regarding the Proposition 123 Affordable Housing Financing Fund are available at coloradoaffordablehousingfinancingfund. com .
Innovative Housing Incentive Program (IHIP) As part of HB22-1282, OEDIT created a loan program to finance the development of new innovative housing manufacturing facilities and expansions of existing facilities, provided that the borrowers commit to producing a certain percentage of their units as affordable housing. These loans will have below-market-rate interest rates and are intended to revolve.
OEDIT has contracted with CHFA as a loan administrator. Considerations for the competitive loan review for both programs include the gross number of affordable housing units to be produced, percentage of margin above cost to the end user (affordable housing developer), economic impact of the factory, number of jobs to be created, energy efficiency of units produced, and the operator’s level of financial viability.
Applicants may be for-profit or nonprofit organizations that are existing or new modular or factory-built housing manufacturers in the state of Colorado. Out-of-state applicants are eligible to apply as long as the facility being funded is located within Colorado. Previous program awardees in good standing are eligible to apply.
All Colorado modular factories must be in compliance with state modular regulations and in the process of registering with the state as a modular manufacturer. Eligible Projects and Uses Applicants may request funds for a new or existing modular manufacturing facility located in Colorado. The end unit that is produced must be capable of being attached to a permanent foundation and utilities.
Eligible product types include modular, panelized, tiny homes, kit homes, ADUs, and 3D-printed homes. Funds may be used to finance traditional loan structures, lines of credit (Prop 123 only), or serve as cash collateral support for a third-party loan (Prop 123 only).
Use of funds can include, but are not necessarily limited to, construction, working capital (Prop 123 only), equipment, inventory, raw materials, factory production deposits, leased-facility deposits, and other uses approved by CHFA and OEDIT. Please see the program guidelines (PDF) for complete details.
Proposition 123 Modular Finance and IHIP LOI Template Proposition 123 Modular Finance and IHIP Program Guidelines Proposition 123 Modular Finance and IHIP Program Flyer FY25-26 Application Process Across both programs, CHFA received a total of 16 Letters of Intent (LOIs) representing approximately $80. 5 million in loan requests.
Of those, 8 applicants representing approximately $44 million in loan requests were invited to complete a full application. After careful consideration and evaluation against the criteria established in the program guidelines, CHFA and OEDIT awarded four applicants totaling $12. 1 million, with $10.
3 million in financing from the Proposition 123 Affordable Housing Financing Fund and $1. 8 million in financing from IHIP. Please see the FY25-26 awards list (PDF) for complete details .
FY25-26 Proposition 123 Modular Finance and Innovative Housing Incentive Program (IHIP) Award List FY23-24 Proposition 123 Modular Finance Award List FY23-24 Innovative Housing Incentive Program (IHIP) Award List Please contact us with any questions about these programs.
According to the current listing, eligibility includes: For-profit or nonprofit organizations that are existing or new modular or factory-built housing manufacturers in the state of Colorado. Out-of-state applicants are eligible if the funded facility is in Colorado. Confirm the full requirements in the official notice before applying.
Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance is funded by Colorado Office of Economic Development and International Trade (OEDIT) and Colorado Housing and Finance Authority (CHFA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in Colorado. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
The Homeless Youth Program is a grant from the Illinois Department of Human Services that funds services for homeless and at-risk youth across Illinois. Administered through the Office of Community and Positive Youth Development, it supports nonprofit organizations delivering shelter, outreach, and support services to young people experiencing homelessness or housing instability. Eligible applicants are Illinois-based nonprofits with demonstrated capacity to serve youth. Awards range from $100,000 to $800,000 per year under CSFA number 444-80-0711. This is a FY 2026 funding opportunity with an application deadline of May 21, 2025.
Community Investment Tax Credit Program (CITC) is a grant from the Maryland Department of Housing and Community Development that provides state tax credit allocations to 501(c)(3) nonprofits, enabling them to attract private donations from individuals and businesses. Donors contributing $500 or more to approved projects receive tax credits equal to 50% of their contribution. The program has leveraged nearly $27 million in charitable contributions to approximately 700 projects statewide. Eligible project areas include education, housing, job training, arts and culture, economic development, and services for at-risk populations. Projects must be located in or serve residents of Maryland's Priority Funding Areas. The application period is typically held annually.
The Families First Community Grant Program is a competitive grant initiative from the Tennessee Department of Human Services (TDHS) offering approximately $27 million in funding to support nonprofit organizations serving low-income Tennessee families. Grants fund programs across four priority areas: education, health, economic stability, and family well-being, aligned with TANF goals of promoting self-sufficiency. Eligible applicants are 501(c)(3) nonprofits based in Tennessee that provide direct services to economically disadvantaged families. The 2025 application cycle closed July 10, 2025. This program reflects Tennessee's broader commitment to strengthening communities through strategic investment in local organizations that address the root causes of poverty.
The Eli Lilly and Company Foundation's 2026 Open Call opened June 1 and closes July 3, across three focus areas: Global Health, K-12 STEM Education, and Economic Mobility. But two of the three only fund Marion County, Indiana. Here is how to read the geographic fine print, why the funder's commercial identity shapes what wins, and how to position a proposal that actually fits.
Read articleThe Lilly Foundation's 2026 Open Call accepts pre-applications June 1 through July 3. Its three priorities — Global Health, K-12 STEM Education, and Economic Mobility — look national, but the education and mobility tracks concentrate heavily in Marion County, Indiana, while the health track funds cardiometabolic work abroad. Here's how to read the geography before you spend a week on a pre-application you can't win.
Read articleOn June 2, 2026, the Department of Energy's Office of Critical Minerals and Energy Innovation selected two demonstration-scale facilities — Phoenix Tailings (with MIT and the University of Minnesota) for $66 million, and the Colorado School of Mines (with ElementUSA, PNNL, Principal Mineral, and Rare Earth Technologies Inc.) for the balance — under the Rare Earth Elements Demonstration Facility Program. Both projects pull rare earths from industrial waste — red mud at the Gramercy refinery in Louisiana, and a mix of mine and refining tailings elsewhere. Here is what the selections tell researchers, small businesses, and downstream magnet customers about where DOE thinks the chokepoint actually is, and what to do before the next demonstration-scale solicitation opens.
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