Creating pathways to home and asset building opportunities.

As we reflect on our 2025–2026 fiscal year, we are proud of the progress we've made toward expanding housing and homeownership opportunities across Colorado. Every project, collaboration, and program we undertake is rooted in a shared purpose: helping families, building community, and strengthening local economies. Achieving that purpose requires dedicated team members, strong partnerships, responsible financial stewardship, and a commitment to uplifting those we serve.

This year marked significant milestones for our organization. Tierra Azul, our largest housing development to date, entered into it's first phase of construction, bringing us closer to creating a vibrant new neighborhood in the San Luis Valley. We also expanded the reach of our Counseling Program through a new partnership with the Boulder County Housing Authority, bringing English and Spanish homebuyer education classes to Boulder County. Alongside our continued commitment to providing rental housing in nine Colorado communities, these accomplishments reflect the impact we can achieve by working together.

None of this would be possible without the support of our residents, partners, donors, volunteers, and community. Thank you for believing in our mission and helping make this work possible.

We hope you enjoy reflecting on the past year and witnessing the impact we've made together.

With gratitude,

Arturo Alvarado

CRHDC Executive Director

In this Recap:

FY 2025-2026 Impact Highlights
Tierra Azul Updates

Single-Family Homeownership

Celebrating Homeownership Month
CRHDC Resident Life

Help Create More Housing Opportunities

FY 2025-2026 Impact Highlights

Throughout fiscal year 2025–2026, CRHDC continued to help individuals and families access affordable housing and homeownership opportunities across Colorado. During the year, 1,093 individuals participated in homebuyer education and housing counseling through our Westminster and Alamosa offices. Those services helped 351 households achieve homeownership, providing 995 individuals with a safe and stable home. Our affordable rental communities provided housing for 847 residents throughout Colorado. We also developed and advanced construction on 10 single-family homes, expanding access to affordable homeownership opportunities in the San Luis Valley.

Tierra Azul Updates

Aerial view of infrastructure development at Tierra Azul in Alamosa, Colorado, on November 11, 2025.

The Tierra Azul development in Alamosa reached several major milestones during FY 2025–2026, moving the development from planning to construction. Infrastructure improvements began in spring 2025 and were substantially completed by October, preparing the site for future housing development. In March 2026, CRHDC closed on LIHTC financing for Tierra Azul apartments, allowing construction to begin on 46 affordable rental homes and a community clubhouse. The clubhouse will serve as a central gathering space for residents while providing room for our Alamosa office including homebuyer education, housing counseling, and other programs that strengthen connections and support long-term housing stability.

CRHDC secured a $1.2 million Housing Development Grant from the Colorado Division of Housing, closing a critical funding gap.

These milestones bring Tierra Azul one step closer to its vision of creating more than 400 rental and for sale single-family housing opportunities in the San Luis Valley.

Single-Family Homeownership

CRHDC's first contractor-build home featuring a stucco exterior.

CRHDC continued expanding homeownership opportunities in the San Luis Valley through its Contractor Build and USDA Mutual Self-Help Housing programs. During FY 2025–2026, the Contractor Build program developed and sold its first home featuring a durable stucco exterior, a long-lasting, low-maintenance finish well suited to the Valley's dry, windy climate.

Recent Mutual Self-Help Housing Homes

Families in the USDA Mutual Self-Help Housing program continued working together to build their own homes while earning valuable sweat equity and progressing toward homeownership.

Applications are currently being accepted for the USDA Mutual Self-Help Housing Program in Monte Vista and Alamosa. Families interested in either program are encouraged to contact CRHDC to learn which option best fits their homeownership goals. To hear directly from past Mutual Self-Help participants about their homebuilding journey and what becoming a homeowner has meant to them, visit CRHDC's YouTube channel.

Homeownership Month Celebration Recap

Homeowner Celebration participants gather at the welcome tent during the Homeownership Celebration event on Saturday, June 13, 2026, in Monte Vista, Colorado.

Thank you to everyone who joined and supported us in Monte Vista on June 13th, 2026, for our annual Homeownership Celebration! Around 100 San Luis Valley community members came together to celebrate homeownership in the valley and learn more about CRHDC's affordable single-family home initiatives.

This year's event featured tours of CRHDC's first Contractor Build home that features a durable stucco exterior, giving attendees the opportunity to explore the new design. Families enjoyed live entertainment, children's activities, local food vendors, and opportunities to connect with CRHDC staff and partners like NeighborWorks America.

Each year, our Homeownership Celebration recognizes the dedication and perseverance of families who have achieved their dream of homeownership while inspiring others to begin that journey. Thank you to our generous sponsors, volunteers, performers, food vendors, community partners, and everyone who helped make this year's celebration a success. We look forward to celebrating with you again next year!

Special thanks to our sponsors and partners who helped make this free community celebration of homeownership possible:

NeighborWorks America

LOR Foundation

The Colorado Trust
First SouthWest Bank
Del Mar Carpet One

Steffens Plumbing

SLV Appliance

Billings Electric

Sunset Construction

Alamosa Building Supply

Optimystics Club

Sunflower Bank

Gingerich Construction

Rio Grande Drywall
Greenie Mountain
Mondragons Portable Toilets

View more photos from the event in our Facebook album.

CRHDC Resident Life

Ageless Grace fitness classes come directly to our senior properties in New Castle, Colorado.

At CRHDC, home is more than a place to live. Across our affordable rental communities, dedicated property managers and maintenance staff help create safe, welcoming properties for seniors, families, and agricultural workers. Throughout the year, property managers organize activities and partner with local organizations to offer programs such as community gardens, youth tutoring, craft nights, tortilla-making workshops, birthday celebrations, emergency preparedness workshops, Medicare education, and so much more. Together, these experiences strengthen community connections and enrich the lives of our residents.

Clockwise from upper left: Egg Hunt at Overland Trail, fall potluck at Lakota Ridge, game night at New Castle Senior Housing, and a community garden at Sol Naciente.

Help Create More Housing Opportunities

"I’m very happy and grateful to have my own apartment and to be able to continue living in this small town. My daughters live nearby so they can easily visit or take me to family

gatherings. It’s wonderful to have my own place while also having neighbors to talk with and share life with. I never feel alone.”

— Delia G.
New Castle Senior Housing Resident, New Castle, CO.

"Home means a lot to me. I grew up in foster care, so I moved around a lot. I was in 13 different placements. I'm most excited about giving my daughter a home to grow up in. I'll be one of the only homeowners in my family.”

— Jaisil G.
2026 Mutual Self-Help Housing Participant, Alamosa, CO.

The stories you've just read are made possible through the generosity of donors, volunteers, partners, and community members who believe everyone deserves the opportunity to have a stable place to call home.

Your generosity provides flexible funding for homebuyer education, HUD-certified housing counseling, affordable housing development, resident activities, and other critical needs that grants cannot fully support.

For those interested in making a lasting impact, The Foundation Society, CRHDC's endowment fund, can be supported through planned gifts such as a will, trust, retirement account, or life insurance. These gifts help ensure future generations have access to safe, attainable, and sustainable housing and homeownership opportunities.

If you'd like to learn more about The Foundation Society or planned giving, simply reply to this email. We'd be happy to answer your questions. If you'd like to make a one-time or recuring donation, follow this link to our Colorado Gives page.

Thank you for helping create more housing opportunities across Colorado.