Proposition 123:

Program Updates

October 19, 2023

Reminder: Proposition 123 Modular Finance Program Applications Now Accepted

This is a reminder that the application period for the Proposition 123 Modular Finance program will close at 11:59pm MT on Friday, November 3rd. Details about the modular manufacturing program are available on the CHFA website.

Proposition 123 Modular Finance and Innovative Housing Incentive Program (IHIP)

Innovative housing manufacturers can apply for two financing programs that CHFA is administering on behalf of the Office of Economic Development and International Trade: the Innovative Housing Incentive Program (IHIP) and the Proposition 123 Modular Finance program.

Those wishing to compare the two programs may refer to the downloadable comparison chart and information available on the CHFA website.

Borrowers will be eligible to receive funding for one project per state funding cycle per program. 

Proposition 123 Modular Finance Timeline and How to Apply

Please contact the Innovative Housing team to receive an application. You may also contact this team with questions about one or both innovative housing manufacturer financing programs described above. 

More information about other programs administered under the Affordable Housing Financing Fund is available on the Colorado Affordable Housing Financing Fund website. 

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.