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ActiveColorado Office of Economic Development and International Trade (OEDIT) and Colorado Housing and Finance Authority (CHFA) · 2026

Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance

Quick Facts

Agency: Colorado Office of Economic Development and International Trade (OEDIT) and Colorado Housing and Finance Authority (CHFA)
Funding: See RFP
Deadline: Check Source
Status: Active
Eligibility: 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.

About This Grant

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.

View Original RFP

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Official Opportunity Details

Extracted from the official opportunity page/RFP to help you evaluate fit faster.

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.

Eligibility Requirements

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.

Frequently Asked Questions

Who can apply for Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance?

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.

Who funds Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance?

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.

Which states are eligible for Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance?

This opportunity targets applicants in Colorado. If your organization operates elsewhere, check the official notice for location requirements.

How do I apply for Innovative Housing Incentive Program (IHIP) - Factory Loans and Proposition 123 Modular Finance?

Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.

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