chfa drive it home – construction loan^sm

CHFA is pleased to announce the CHFA Drive It Home – Construction Loan^sm, which provides a below-market interest rate to for-profit and nonprofit home builders to support new construction of affordable for-sale homes in Colorado. Eligible projects utilizing the CHFA Drive It Home – Construction Loan^sm will fund both new construction or adaptive reuse to affordable for-sale housing and a permanent home mortgage for homebuyers earning up to 140 percent of the statewide Area Median Income (AMI). Homes supported must remain affordable for a minimum of 20 years.

CHFA will accept applications for a $50 million funding pool through a competitive application process from September 30-October 31, 2025. Applicants can request a loan application form from CHFA’s Business Finance team. Additional loan program details are available at chfainfo.com/dih.

Questions?

Please contact CHFA’s Business Finance team with any questions about the program.