Funding Sources

Home Investment Partnership Program (HOME)

HOME dollars provide competitive funding to local government, non-profit and private developers.  The purpose of the HOME Program is to address a wide range of activities that build, buy, and/or rehabilitate affordable housing for rent or ownership or provide direct rental assistance to low-income people.

 

Housing Development Grant Funds (HDG)

The HDGF program is a competitive grant that provides funds for acquisition, rehabilitation and new construction. The Fund was created by the Colorado state treasury and consists of monies allocated to the Colorado Affordable Housing Construction Grants Fund by the General Assembly. HDG funds improve, preserve or expand the supply of affordable housing; finance foreclosure prevention activities in Colorado and acquisition of housing and economic data necessary to advise the State Housing Board on local housing conditions.

 

Housing Development Loan Fund (HDLF)

The HDLF program was created to meet federal matching funds requirements.  This fund makes loans for development, redevelopment or rehabilitation of low- or moderate-income housing. Loans provided through HDLF require collateral.​

 

Neighborhood Stabilization Program (NSP)

DOH administers federal NSP dollars to offset the negative impact of foreclosures on neighborhoods.  Funds are directed to areas of greatest need to help stabilize property values.

The program serves  households at or below 120 percent of the area median income (AMI) and a minimum of 25 percent of the funds must serve households at or below 50 percent of AMI. Eligible applicants are units of local government, nonprofit organizations, for-profit organizations (developers and contractors), and quasi-governmental entities (housing authorities and urban renewal authorities).

 

Colorado Housing Investment Fund (CHIF)

The CHIF was created with $36 million from the Attorney General’s custodial funds to address Colorado’s need for affordable rental housing.

 

National Housing Trust Fund (HTF)

The HTF is a new affordable housing production program administered by the U.S. Department of Housing and Urban development and capitalized through Fannie Mae and Freddie Mac. The program increases and preserves the supply of decent, safe, and sanitary affordable housing for extremely low-income households, those earning at or below 30% of the area median income (AMI).

 

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