Proposition 123:

Program Updates

January 27, 2026

Reminder – Land Banking LOIs Accepted

This is a reminder that CHFA is accepting Letters of Intent (LOIs) for the Proposition 123 Land Banking program until Friday, February 6th, at 5:00pm MT. 

On July 1, 2025, CHFA began accepting LOIs for the Proposition 123 Land Banking program for projects located in Rural and Resort counties only. An LOI round open to all eligible projects located in either Urban, Rural, or Rural Resort counties began on January 5th. 

The Land Banking program provides grants to eligible local or tribal governments and forgivable loans to eligible nonprofits with a demonstrated history of providing affordable housing. These funds must be used to acquire and preserve land for affordable for-sale housing or affordable rental housing. Mixed use may be allowed so long as the predominant use is affordable housing.

Please visit the Affordable Housing Financing Fund website for full Land Banking program guidelines and to download an LOI form. 

Questions? Please email landbanking@chfainfo.com. 

Contact

ColoradoAffordableHousingFinancingFund.com

AHFF@chfainfo.com

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status or any other status protected by applicable federal, state or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656, CHFA, 1981 Blake Street, Denver, Colorado 80202-1272, available weekdays 8:00am to 5:00pm MT.