Proposition 123:

Program Updates

October 9, 2023

Concessionary Debt and Modular Finance Program Announcements

Announcements included in this eNews:

• Concessionary Debt Application Window Closes Today
• Proposition 123 Modular Finance Program Accepting Applications

Concessionary Debt Application Window Closes Today

Today, Monday, October 9th, is the final day applications are accepted for the Multifamily Finance, LIHTC Gap Finance, and LIHTC Predevelopment Finance components of the Concessionary Debt program established by Proposition 123. Details about each of the loan options, including program guidelines and how to apply, are available via the links below. 

1. Multifamily Finance
2. LIHTC Gap Finance
3. LIHTC Predevelopment Finance

Projects applying for funding from the Concessionary Debt program must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing. Click here to learn more on DOLA’s website. View jurisdictions that have filed 2023 Commitments.

Questions about the Concessionary Debt program may be submitted to concessionarydebt@chfainfo.com.

Proposition 123 Modular Finance Program Accepting Applications

Starting today, Monday, October 9th, application documents for the Proposition 123 Modular Finance program will be accepted. The application period will remain open until 11:59pm MT on Friday, November 3, 2023. Details about the modular manufacturing program are available on the CHFA website. 

On this page, you’ll also find program and application information for the Innovative Housing Incentive Program (IHIP), another program for innovative housing manufacturers that CHFA administers on behalf of the Office of Economic Development and International Trade. This program is also accepting applications through November 3, 2023. Those wishing to compare the two programs may refer to information available on the CHFA website.

How to Apply

Please contact the Innovative Housing team to receive an application or to learn more information 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.