Making Homelessness History in Colorado
2021 State Stimulus Bills
New Funding
SB21-242
Housing Development Grants Hotels Tenancy Support
Program ($30M).
Program Description
This program provides funds to DOLA to support the
purchase of underutilized hotels/motels for
affordable housing or to lease rooms in these
properties for those in need of affordable housing,
including individuals experiencing homelessness.
Short term loans to quickly acquire property
Low interest / no payments
Acquisition loan will be paid off upon closing of
perm financing
Perm financing is eligible to use DOH gap
funds
NOFA to be released September 2021.
HI
New Funding
DOLA Innovative Affordable Housing
Strategies ($48M).
Program Description
Incentivize local governments to adopt
land use policies which promote the
creation of affordable housing.
Provide grants to local governments to
create and make use of new land use
policies which promote the creation of
affordable housing.
Provide funding for local communities to
go through a DOLA housing development
toolkit to help them conceive of, plan
for, construct and operate new housing.
HB21-1271
COLORADO
DOLA
Department of Local Affairs
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