The Funding Sources Inventory tool allows you to search a database of funding sources created for this guide to determine which may be relevant to consider for your development. Use the filters at the top of the page to narrow down the list of possible sources based on the characteristics of your development. The funding sources shown in the list at the bottom will be those that match at least one of the criteria from each of the filter categories you have selected (in other words, the filters use OR logic within each filter category and AND logic across filter categories). Review the remaining list to learn more about each program. You can click the “Details” button to display detailed information about each funding source.

Eligible UsesInclude funding that can be used for:

Funding TypeInclude the following type(s) of funding:

Affordability RequirementsShow funding that may have affordability requirements?

Funding Sources Inventory

Displaying 51 - 71 of 71
Start Over
Multifamily Collateral Support (MFCS) Program
The MFCS program is designed to help developers of multifamily projects with less than 20 units access the capital that would otherwise be unavailable due to collateral shortfalls by providing cash deposits at the developer’s lender of choice that act as collateral on the developer’s behalf.
Details
Eligible home types:
Multifamily projects with less than 20 units
Eligible recipients:
For-profit, non-profit, or public borrowers with a collateral shortfall that is preventing a lender from moving forward
Eligible uses:
New construction or acquisition/rehab
Affordability requirements:
The project must serve residents earning up to 120% Area Median Income (AMI) or less
Geography funding is available to :
Colorado
Maximum financial assistance per project:
$500,000
Additional notes or requirements:
Lender bank must have a presence in the community within which the project is located
Links to more information:
Middle Income Access Program (MIAP)
The Middle Income Affordable Development (MIDDLE) program addresses the middle income, sometimes referred to as the “missing middle,” population with incomes too high for LIHTC units but often overburdened by market rents. Typically, the missing middle is comprised of renters whose income is between 60 percent and 120 percent Area Median Income (AMI).
Details
Eligible home types:
Rental housing
Eligible recipients:
Any developer
Eligible uses:
Acquisition, new construction, and rehabilitation
Affordability requirements:
At least 20% of the units must be restricted to households at 80% or less of AMI, and up to 75% of the total units over and above the 80% units must be restricted to households at 120% AMI
Geography funding is available to :
Colorado
Maximum financial assistance per project:
Maximum LTV: 90%. Minimum DCR: 1.15x (for all hard debt)
Additional notes or requirements:
Must conform with CHFA Credit Policy, including operating and replacement reserve requirements
Links to more information:
CHFA Capital Magnet Fund (CMF)
CMF provides up to $750,000 of flexible gap financing for the preservation or construction of 4 percent or 9 percent Housing Credit projects located in eligible areas and serving incomes at or below 50 percent of Area Median Income.
Details
Eligible home types:
Multifamily housing (including 4% and 9% LIHTC deals)
Eligible recipients:
Any developer
Eligible uses:
Acquisition, new construction, and rehabilitation
Affordability requirements:
AMI restrictions: At or below 50% AMI preferred
Geography funding is available to :
Colorado, with preference given to projects in areas experiencing economic distress and/or located in rural areas
Maximum financial assistance per project:
$750,000. Maximum LTV: 90%. Minimum DCR: 1.05x (combined with all hard debt)
Additional notes or requirements:
Must conform with CHFA Credit Policy, including operating and replacement reserve requirements (when the CMF program is used as a first mortgage or senior debt; reserve requirements are not in place if CMF is used as secondary or tertiary debt). Replacement Reserve deposits and tax/insurance escrows are required once the project converts to the permanent period. For new construction projects, the minimum Replacement Reserve deposit is $250 per unit per year for senior properties, $300 per unit per year for family properties, and $350 per unit per year for permanent supportive housing properties. For acquisition/rehab properties, the corresponding reserves minimums would be increased by $50 per unit per year.
Links to more information:
CAPABLE Construction and Permanent Affordable Bond Loan
CAPABLE combines construction and permanent financing to provide over $6 million for 4% LIHTC projects. It offers some of the lowest interest rates due to index pricing associated with Private Activity Bonds, and one of the lowest mortgage insurance premiums in the industry (0.125%).
Details
Eligible home types:
4% LIHTC projects only
Eligible recipients:
Any developer
Eligible uses:
New construction and acquisition/rehab
Affordability requirements:
Minimum AMI Restrictions: 20% at 50% AMI or 40% at 60% AMI
Geography funding is available to :
Colorado
Maximum financial assistance per project:
Lesser of 90% LTV or development costs. Minimum DCR: 1.20x
Additional notes or requirements:
CHFA uses the HFA/HUD 542(c) Risk Sharing program to offer this funding, which enhances CHFA's bonds and allows CHFA to borrow at more favorable rates. CHFA originates, underwrites, processes, and services the loans to projects. CHFA and HUD share 50/50 in the risk of loss of the mortgage in the event of an insurance claim. Conditional upon approval of HUD Risk Share insurance. Subject to HUD Environmental Risk Assessment. Davis Bacon wage requirements apply if Risk Share mortgage insurance is utilized during the construction phase (this program can provide uninsured construction financing or a construction loan insured by the HUD Risk Share program). Must conform with CHFA Credit Policy, including operating and replacement reserve requirements. For new construction projects, the minimum Replacement Reserve deposit is $250 per unit per year for senior properties, $300 per unit per year for family properties, and $350 per unit per year for permanent supportive housing properties. For acquisition/rehab properties, the corresponding reserves minimums would be increased by $50 per unit per year.
Links to more information:
PAIRABLE Partnership-to-Perm Affordable Bond Loan
PAIRABLE provides loans of over $6 million in permanent insured financing for 4% LIHTC projects, featuring some of the lowest interest rates due to index pricing associated with Private Activity Bonds. Pair this with your preferred construction financing partner to help get the deal done on time.
Details
Eligible home types:
4% LIHTC projects only
Eligible recipients:
Any developer
Eligible uses:
New construction and acquisition/rehab
Affordability requirements:
Minimum AMI Restrictions: 20% at 50% AMI or 40% at 60% AMI
Geography funding is available to :
Colorado
Maximum financial assistance per project:
Lesser of 90% LTV or development costs. Minimum DCR: 1.20x
Additional notes or requirements:
CHFA uses the HFA/HUD 542(c) Risk Sharing program to offer this funding, which enhances CHFA's bonds and allows CHFA to borrow at more favorable rates. CHFA originates, underwrites, processes, and services the loans to projects. CHFA and HUD share 50/50 in the risk of loss of the mortgage in the event of an insurance claim. Conditional upon approval of HUD Risk Share insurance. Subject to HUD Environmental Risk Assessment. Davis Bacon wage requirements apply if Risk Share mortgage insurance is utilized during the construction phase (this program can provide uninsured construction financing or a construction loan insured by the HUD Risk Share program). Must conform with CHFA Credit Policy, including operating and replacement reserve requirements. For new construction projects, the minimum Replacement Reserve deposit is $250 per unit per year for senior properties, $300 per unit per year for family properties, and $350 per unit per year for permanent supportive housing properties. For acquisition/rehab properties, the corresponding reserves minimums would be increased by $50 per unit per year.
Links to more information:
Sizeable Multifamily Affordable Risk Share Tool (SMART)
SMART provides $3-$6 million in permanent insured financing, featuring up to 40-year fixed rates and one of the lowest FHA mortgage insurance premiums in the industry (0.125%).
Details
Eligible home types:
Multifamily housing
Eligible recipients:
Any developer
Eligible uses:
Acquisition, new construction, and rehabilitation
Affordability requirements:
Minimum AMI Restrictions: 20% at 50% AMI or 40% at 60% AMI
Geography funding is available to :
Colorado
Maximum financial assistance per project:
Lesser of 90% LTV or development costs. Minimum DCR: 1.15x
Additional notes or requirements:
CHFA uses the HFA/HUD 542(c) Risk Sharing program to offer this funding, which enhances CHFA's bonds and allows CHFA to borrow at more favorable rates. CHFA originates, underwrites, processes, and services the loans to projects. CHFA and HUD share 50/50 in the risk of loss of the mortgage in the event of an insurance claim. Conditional upon approval of HUD Risk Share insurance. Subject to HUD Environmental Risk Assessment. Davis Bacon wage requirements apply if Risk Share mortgage insurance is utilized during the construction phase (this program can provide uninsured construction financing or a construction loan insured by the HUD Risk Share program). Must conform with CHFA Credit Policy, including operating and replacement reserve requirements. For new construction projects, the minimum Replacement Reserve deposit is $250 per unit per year for senior properties, $300 per unit per year for family properties, and $350 per unit per year for permanent supportive housing properties. For acquisition/rehab properties, the corresponding reserves minimums would be increased by $50 per unit per year.
Links to more information:
Impact Development Fund
Impact Development Fund (IDF) is a nonprofit Community Development Financial Institution (CDFI) who provides financing to nonprofit, for-profit and local agency developers seeking to expand and improve the inventory of rental and owner-occupied housing.
Details
Eligible home types:
Affordable housing (rental or homeownership), commercial real estate in targeted neighborhood revitalization areas, nonprofit facility space
Eligible recipients:
Nonprofit and for-profit borrowers, housing authorities
Eligible uses:
Development or preservation of affordable housing. Development, redevelopment or renovation of commercial real estate in targeted neighborhood revitalization areas. Purchase and/or construction of facility space (for nonprofit organizations that serve low-income populations only).
Affordability requirements:
Varies by project.
Geography funding is available to :
Colorado, with preference for underserved markets.
Maximum financial assistance per project:
Maximum LTV: up to 90%.
Additional notes or requirements:
Links to more information:
Enterprise Community Loan Fund
Enterprise Community Loan Fund helps revitalize communities by providing innovative capital to help build and preserve well-designed affordable homes with access to good jobs, schools, transportation and healthy living environments.
Details
Eligible home types:
Varies by loan product but generally includes: Multifamily (rental and supportive housing, plus for-sale housing on a case-by-case basis). Community facilities. Mixed-use projects that provide community facility space.
Eligible recipients:
Nonprofit and mission-aligned for-profit entities. Limited partnerships and single asset entities with nonprofit sponsors.
Eligible uses:
Pre-development (third-party due diligence, deposits for site control, permits and applications and consultant fees). Land and building acquisition. Critical repairs. New construction of community facilities and housing developments. Preservation of affordable housing.
Affordability requirements:
Varies by project.
Geography funding is available to :
Most financing products are available nationwide. Denver Regional TOD Fund is limited to the seven-county Denver Metro Area (within 1/2-mile of an existing or future fixed rail station, or within 1/4-mile of a high frequency bus corridor if within the City and County of Denver)
Maximum financial assistance per project:
Varies by loan product.
Additional notes or requirements:
Links to more information:
Mercy Community Capital
Mercy Community Capital is a financially sound Community Development Financial Institution (CDFI) that exclusively serves affordable housing communities by providing reliable, flexible funding to socially-responsible community developers in support of affordable housing and essential community infrastructure projects.
Details
Eligible home types:
Multi‐ or single‐family properties serving households at 30% to 60% AMI preferred, affordable units not to exceed 80% AMI. Loans for mixed‐income properties may be sized in proportion to the number of affordable units
Eligible recipients:
501c3 nonprofit organizations Mission-driven for-profit organizations with a history of affordable housing Consumer-controlled cooperatives Public housing authorities Limited partnerships or limited liability companies with a nonprofit organization as managing general partner or managing member
Eligible uses:
Acquisition Construction and rehabilitation Infrastructure development (land development) Predevelopment
Affordability requirements:
30 to 80% AMI with long-term affordability requirements (for homeownership properties, 10 years or more is preferred, and for rental properties, 40 years or more is preferred)
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$4 million (minimum loan amount of $500,000, but loans outside this range will also be considered). Maximum LTV: up to 90% (but prefer 80%) for completed construction/rehab, 60% for raw land, and 80% for all other loans (but prefer 70%). Minimum DCR: 1.20x.
Additional notes or requirements:
Links to more information:
Triple Bottom Line Foundation
Triple Bottom Line Foundation (TBL Fund) helps finance clean energy projects for multifamily affordable housing. Investments in TBL Fund help preserve affordable housing, create local jobs, and address climate change, among other social, economic, and environmental benefits.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
Nonprofit and for-profit borrowers, housing authorities
Eligible uses:
Building improvements that reduce resource waste and increase operational efficiency
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Community Housing Capital
Community Housing Capital (CHC) is certified as a community development financial institution (CDFI) and a community development entity (CDE) by the U.S. Treasury’s CDFI Fund. As a national CDFI, CHC aggregates loan capital to finance the creation and preservation of affordable housing. To fulfill its mission, CHC provides predevelopment, acquisition, construction, and permanent multifamily and single-family loans, directly and exclusively, to the high-performing, nonprofit developers of the NeighborWorks® network.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
Nonprofit developers in the NeighborWorks network
Eligible uses:
Predevelopment Acquisition Construction Rehabilitation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$8.5 million (minimum loan amount is $250,000, with some case-by-case exceptions). Larger loan options may be available, if needed.
Additional notes or requirements:
Links to more information:
Corporation for Supportive Housing
The Corporation for Supportive Housing (CSH) is a national CDFI that helps communities create permanent housing with services to prevent and end homelessness. We fulfill our mission by providing technical assistance, training, grants, and loans to project sponsors, service providers, affordable housing developers, and government partners, and by advocating for a more favorable policy environment for supportive housing creation and operation. Lending is integral in our approach to fostering supportive housing creation at scale.
Details
Eligible home types:
Supportive housing
Eligible recipients:
Supportive housing developers
Eligible uses:
Feasibility planning Acquisition Predevelopment Construction Rehabilitation
Affordability requirements:
A minimum of 10% of the project's units must be targeted to supportive housing residents
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Housing Assistance Council
HAC is a certified Community Development Financial Institution (CDFI) focused on improving housing and living standards for rural low- and very low-income households and supporting development of new affordable housing in rural America.
Details
Eligible home types:
Subdivisions and single
  • or multifamily housing units
Eligible recipients:
All rural housing developers (Community-based, nonprofit organizations, housing development corporations, for-profit developers, self
  • help housing sponsors, farm worker organizations, cooperatives, land trusts, Indian tribes, public agencies and units of local government)
Eligible uses:
Predevelopment New construction Acquisition and rehabilitation
Affordability requirements:
None
Geography funding is available to :
Rural areas nationwide (as designated by FHFA Duty to Serve or USDA Housing Programs)
Maximum financial assistance per project:
Varies
Additional notes or requirements:
Links to more information:
Housing Partnership Fund
The Housing Partnership Network created the Housing Partnership Fund (HPF) in 2001 as its lending arm to meet its members’ growing needs for flexible, early stage financing for affordable housing development. Nationally, HPF serves nonprofit developers focused solely on uplifting low-income populations, using housing as a platform to leverage better health, school, and personal wealth building outcomes. The Fund raises capital from major private, public and philanthropic institutions to drive impact through its investments in members and HPN social enterprises. HPF is a US Treasury certified Community Development Financial Institution (CDFI) and has a AA Four Star Policy Plus rating from Aeris.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
Members of the Housing Partnership Network
Eligible uses:
New business initiatives Predevelopment Acquisition Construction Rehabilitation
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$4 million for predevelopment. $10 million for acquisition/construction loans.
Additional notes or requirements:
Links to more information:
National Housing Trust
NHT Community Development Fund (NHTCDF), a Community Development Financial Institution (CDFI), is focused on preserving, improving, and maintaining affordable housing -- ensuring that privately owned rental housing remains in our affordable housing stock and is sustainable over time.
Details
Eligible home types:
Multifamily or single-family (only multifamily for energy efficiency loans)
Eligible recipients:
Any affordable housing developer (for most products, except Community Land Trust loans, which are limited to Community Land Trusts)
Eligible uses:
Pre-development Acquisition Property improvements that reduce energy and water consumption
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$1.5 million for predevelopment. $2.5-5 million for acquisition. $750,000 for community land trusts.
Additional notes or requirements:
Links to more information:
NeighborWorks Capital
NeighborWorks Capital delivers the flexible capital needed by NeighborWorks America affiliates to provide affordable homes and strengthen communities. NeighborWorks Capital is a national non-profit, certified Community Development Financial Institution and rated by Aeris-Insight.
Details
Eligible home types:
Multifamily or single-family
Eligible recipients:
NeighborWorks network members
Eligible uses:
Acquisition Construction Major rehabilitation Refinancing Predevelopment New business initiatives
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
$10 million for acquisition or construction loans. $7.5 million for permanent loans. $1.5 million for predevelopment loans.
Additional notes or requirements:
Links to more information:
Partners for the Common Good
PCG is a certified Community Development Financial Institution (CDFI) that was created as a vehicle to allow socially conscious investors to put their money to work serving communities left out of the economic mainstream. PGC moves the economy forward by financing community development and encouraging community engagement.
Details
Eligible home types:
Any that have tangible benefits for low-income individuals (including affordable housing and community facilities, amongst others)
Eligible recipients:
Any borrower engaged in projects that primarily serve low-income people, with support of the local community, but that cannot be adequately served by conventional sources of financing
Eligible uses:
Acquisition Construction and/or rehabilitation Preservation
Affordability requirements:
Must include units affordable to low-income people
Geography funding is available to :
Nationwide, with a focus on low-income communities
Maximum financial assistance per project:
$1.5 million. Maximum LTV: 90%. Minimum DCR: 1.10x
Additional notes or requirements:
Projects that are environmentally sensitive and contribute demonstrably to healthy communities are prioritized.
Links to more information:
RCAC
Founded in 1978, Rural Community Assistance Corporation (RCAC) is a 501(c)(3) nonprofit organization that provides training, technical and financial resources and advocacy so rural communities can achieve their goals and visions.
Details
Eligible home types:
Multifamily and single-family, including manufactured home parks
Eligible recipients:
Nonprofit developers, local government agencies, and tribal governments
Eligible uses:
Acquisition Pre-development Site development Construction Green building
Affordability requirements:
Housing must serve very-low or low-income households (mixed income projects are eligible, but RCAC financing is limited to the low-income portion of the project)
Geography funding is available to :
Rural areas with populations of 50,000 or less in Alaska, Arizona, California, Colorado, Hawaii and other pacific islands, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington and Wyoming.
Maximum financial assistance per project:
Varies by project ($3 million for acquisition or construction)
Additional notes or requirements:
Links to more information:
HUD 221(d)(4) Mortgage Insurance for Rental and Cooperative Housing
Section 221(d)(4) insures mortgage loans to facilitate the new construction or substantial rehabilitation of multifamily rental or cooperative housing for moderate-income families, elderly, and the handicapped. Single Room Occupancy (SRO) projects may also be insured under this section.
Details
Eligible home types:
Detached, semidetached, row, walkup, or elevator-type rental or cooperative housing containing 5 or more units
Eligible recipients:
Eligible mortgagors include public, profit-motivated sponsors, limited distribution, nonprofit cooperatives, builder-seller, investor-sponsor, and general mortgagors
Eligible uses:
Construction or rehabilitation of rental and cooperative housing for moderate-income and displaced families
Affordability requirements:
None
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Varies by project (depending on unit sizes, structure type, and location)
Additional notes or requirements:
Davis-Bacon wage requirements apply.
Links to more information:
Rural Housing Site Loans (aka Section 523 Mutual Self-Help Housing Program and Section 524 loans)
Loans to non-profit, tribes and municipal organizations to purchase and develop housing sites for low- and moderate-income families. Section 523 loans are used to acquire and develop sites only for housing constructed via the Self-Help method (where households construct the homes themselves, with technical assistance from the grantee), while Section 524 loans are not restricted to a specific construction method.
Details
Eligible home types:
Single-family homes
Eligible recipients:
Nonprofit organizations, tribal entities, and units of local government
Eligible uses:
Administrative activities (salaries, office space, program costs related to supervising households as they build their homes) Purchase and development of housing sites for low
  • and moderate-income households Supportive infrastructure for housing sites (e.g. street, walkway, or utilities investments)
Affordability requirements:
Housing sites must serve low
Geography funding is available to :
Rural areas nationwide. Determine eligibility of your site here: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do
Maximum financial assistance per project:
Varies by location.
Additional notes or requirements:
Links to more information:
Self-Help Homeownership Opportunity Program (SHOP)
The Self-Help Homeownership Opportunity Program (SHOP) awards grant funds to eligible national and regional nonprofit organizations and consortia to purchase home sites and develop or improve the infrastructure needed to set the stage for sweat equity and volunteer-based homeownership programs for low-income persons and families.
Details
Eligible home types:
Homeownership units
Eligible recipients:
National and regional nonprofit organizations or consortia with experience in using homebuyer and volunteer labor to build housing (applicants must have completed at least 30 units of self-help homeownership housing within the last 24 months)
Eligible uses:
Land acquisition Infrastructure improvements Administrative costs
Affordability requirements:
SHOP units must be sold below the appraised value of the property and the sale price must be reduced by the value of the homebuyer's sweat equity contribution. Homebuyers must have annual incomes equal to or less than 80% of the area median income for their household size to be eligible.
Geography funding is available to :
Nationwide
Maximum financial assistance per project:
Land acquisition and infrastructure improvement costs cannot exceed an average of $15,000 in SHOP assistance per unit. Administrative costs cannot exceed 20% of the total SHOP grant amount.
Additional notes or requirements:
Energy efficiency measures are strongly encouraged, but not required. Water conservation measures (like use of WaterSense products) are required. SHOP units must meet accessibility requirements established by the Uniform Federal Accessibility Standards (UFAS) and grantees must comply with requirements under the Americans with Disabilities Act (ADA) when applicable. Volunteer participation from the community (professional or non-professional labor) is also required in developing SHOP units.
Links to more information:

Pages

Displaying 1 - 1 of 1
Start Over
Low-Income Housing Tax Credit (LIHTC)
The Low-Income Housing Tax Credit provides an incentive for investors to invest in affordable housing construction and preservation via a tax credit. It is available as a competitive credit (9%), scored based on criteria in CHFA's Qualified Allocation Plan, or a non-competitive credit (4%), available to any project that receives at least 50 percent of their funding through tax-exempt bond financing (e.g. Private Activity Bonds) may claim this smaller tax credit without receiving a specific allocation from CHFA.
Details
Eligible home types:
  • Multifamily homes
  • Single-family homes
Eligible recipients:
  • For-profit developers
  • Nonprofit developers
  • Housing authorities
Eligible uses:
  • New construction of rental properties
  • Rehabilitation of rental properties
  • Permanent supportive housing
Affordability requirements:
Income requirements:
  • At least 20 percent of units affordable to households at or below 50% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI
  • At least 40 percent of units affordable to households at or below 60% AMI (based on income averaging across all units)
  • Rents cannot exceed 30 percent of 50-60% AMI (depending on share of credits in use)
  • 30 year affordability period
Geography funding is available to :
Statewide
Maximum financial assistance per project:
9% LIHTC: $1,350,000 (except for project financed with private activity bonds)
Additional notes or requirements:
9% and 4% federal Low-Income Housing Tax Credits are awarded by CHFA on annual basis. All projects must meet the minimum application and underwriting requirements and then are further evaluated against scoring criteria outlined in the Qualified Allocation Plan. CHFA sets a minimum score for both tax credit awards, with a lower threshold score for 4% federal tax credit projects and outlines state-specific policy priorities in its Qualified Allocation Plan.
Links to more information:
Back to top