Proposition 123:

Program Updates

January 9, 2026

The Colorado Affordable Housing Financing Fund supports land banking, equity, and concessionary debt for affordable housing.

Proposition 123 Modular Finance and IHIP Awards

CHFA is pleased to announce that the following organizations have been awarded financing from the Proposition 123 Modular Finance program and Innovative Housing Incentive Program (IHIP):

BYLD
EcoMod
Fading West
Vederra Modular

From June 1, 2025, through June 30, 2025, CHFA accepted Letters of Intent (LOIs) for two programs that offer financing options for innovative housing manufacturers – the Proposition 123 Modular Finance program, a component of the Colorado Affordable Housing Financing Fund, and IHIP. Across both programs, CHFA received a total of 16 Letters of Intent (LOIs) representing approximately $80.5 million in loan requests. Of those, 8 applicants representing approximately $44 million in loan requests were invited to complete a full application.

After careful consideration and evaluation against the criteria established in the program guidelines, CHFA and OEDIT awarded four applicants totaling $12.1 million, with $10.3 million in financing from the Proposition 123 Affordable Housing Financing Fund and $1.8 million in financing from IHIP.

Please visit the CHFA website for additional details about financing recipients, as well as program guidelines. Please contact the Innovative Housing team with any questions.

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.