Making Homelessness History in Colorado
HB21-1329 - Initial ARPA Housing funds ($98.5M)
$
Acquisition Fund
Up to $35M available for property
acquisition.
Short term, low interest loans
Eligible Properties
Land
Existing residential
Existing other use
Funds to be repaid with perm
financing
Investment Funds
Up to $70M available to invest in
existing affordable housing funds.
DOH to loan capital into non-profits,
CDFIs, traditional financial
institutions, affordable housing
investment funds.
DOH funds to leverage affordable
housing financing already being
undertaken by these partner funds.
LIHTC Supplemental Grants
Up to $25M to grant alongside CHFA
Round 1 (9%) LIHTC awards
Intended to stretch the 9% LIHTC
resource to more projects
Awarded to projects as a grant
Project/applicant still eligible for
traditional DOH gap funding as
needed
Intended as an optional resource for
LIHTC applicants
TM
DOLA
COLORADO
Department of Local AffairsView entire presentation