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Find similar grantsProposition 123 Affordable Housing Financing Fund is sponsored by Colorado Office of Economic Development and International Trade (OEDIT). Colorado's Proposition 123 fund prioritizes cost-effective modular housing projects to increase the state's housing supply and promote economic development.
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Proposition 123 - Colorado Affordable Housing Financing Fund Colorado Affordable Housing Financing Fund The Colorado Affordable Housing Financing Fund (AHFF) supports land banking, equity, and concessionary debt for affordable housing.
Grants and forgivable loans to acquire and preserve land for affordable housing development Learn more about Land Banking Equity investment to support the creation or preservation of low- and middle-income multifamily rental development Loans to support the creation and preservation of affordable rental housing Learn more about Concessionary Debt Modular and Factory-built Finance Loans to support the creation or preservation of modular and factory built manufacturers Learn more about Modular and Factory-built Finance In November 2022, Colorado voters passed Proposition 123, a ballot measure authorizing the state to retain money from existing state tax revenue to support affordable housing investment.
These funds are split 60/40 between the Office of Economic Development and International Trade (OEDIT) and the Department of Local Affairs (DOLA) through its Division of Housing (DOH), respectively. OEDIT manages the Affordable Housing Financing Fund, in partnership with Colorado Housing and Finance Authority (CHFA), which serves as Contract Administrator. DOH manages the Affordable Housing Support Fund.
This site is dedicated to the Affordable Housing Financing Fund, which supports land banking, equity, and debt investment to advance affordable housing across the state. Learn more about Proposition 123 Who is eligible for the Affordable Housing Financing Fund?
To be eligible, affordable housing projects seeking support from the Affordable Housing Financing Fund must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing. Learn more on DOLA’s website
Based on current listing details, eligibility includes: State and local governments, non-profit organizations, and private developers in Colorado. Applicants should confirm final requirements in the official notice before submission.
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