Colorado Department of Local Affairs, Division of Housing
Colorado

Through funding received in 2012 through a $50,000 settlement of custodial funds, $13.2 million was used to create the Colorado Housing Investment Fund (CHIF) to address Colorado’s need for affordable rental housing. In 2015, an additional $23 million in custodial funds were added to the CHIF based on the success of the Fund. The CHIF funds can be used two ways: 1) short term, low interest loans to bridge the long-term permanent financing sources (a portion of loan may remain in the project as permanent debt) and 2) short term loan guarantees for new construction and rehabilitation. The CHIF funds will revolve back into the CHIF fund allowing DOH to make more loans, as the short term loans are repaid or loan guarantees are released. Eligible applicants include non-profit and for-profit organizations with experience developing affordable housing and Public Housing Authorities. Funds can be used for acquisition, bridge loans, new construction, and rehabilitation.

Funding Source
Special one-time non-federal funding
Program Status
Active
Contact
Division of Housing, General Inquiries Division of Housing 303-864-7810
How Provided?
Development loans
Program Type
Income Eligibility Threshold
Info Source
NLIHC internet research
Last Updated
7/21/23 16:03
Priority Populations

Persons experiencing homelessness or at risk of homelessness; Persons with disabilities; Elderly; Youth; Previously incarcerated individuals; Persons with AIDS/HIV; Family; Veterans; Special needs