Eligible nonprofit and not-for-profit organizations include public housing authorities, cities, counties, and local municipalities.
Colorado Housing and Finance Authority’s contribution is restricted to supporting the general operations and programs of the organization and may not be used to support any activity proscribed by Section 1-45-117 of the Colorado Fair Campaign Practices Act or advocacy in support or opposition to any state, federal, or local legislation.
Faith-based organizations are eligible to apply for funding if they have clear policies and practices that state that anyone is eligible for services, regardless of their faith. CHFA does not discriminate in eligibility solely on an applicant’s religious character. However, based on the historic and substantial state interest against using public funds or moneys to aid a church or establish or support any religion or sectarian purpose, CHFA does not fund religious activities, programs, or organizations that require an individual to participate in religious activity or receive religious information or materials as a condition of receiving services from those organizations. CHFA’s funds may not be used to further a religious doctrine or sectarian purpose.
Funds may not be used for predevelopment costs, gap funding, or construction costs for single family or multifamily housing projects. We do not typically fund mobile home park infrastructure. Funds may not be used for repairs or rehabilitation of multifamily properties. Individual home repair and/or rehab to ensure livability, energy efficiency, adaptability, and mobility for homeowners is an eligible use of funds.
Funds may not be used to prepare a site or application for a future state Affordable Housing Tax Credit or federal Housing Tax Credit (HTC) application.
We do not typically fund K-12 public, private, or charter schools. We will consider funding for organizations providing early childhood education, youth mentorship, youth entrepreneurship, advancing educational equity, and extracurricular education.
CHFA’s financial support must be directed to serve Coloradans only.