Media Contact: Shannon Gray | shannon.gray@state.co.us | (970)-505-7937
Shelby Wieman | shelby.wieman@state.co.us
In the first half of 2025, the Colorado State Housing Board approved more than $68.4 million in funding to support the creation and preservation of 2,228 homes Coloradans could afford across the state. This includes 1,680 rental units, 478 homeownership units (including down payment assistance, single family owner-occupied, and 159 preserved mobile homes), and 70 supportive housing units. These awards reflect a strong commitment to expanding access to safe, stable, and affordable housing for Coloradans—from urban neighborhoods to rural communities.
“We are expanding housing options for all Coloradans, and this funding is an important piece of our work. Over the last year, we have made progress to break through barriers that prevent new housing, eliminate burdensome and costly regulations and give Coloradans the freedom to live where they want to live. All of this work supports the efforts of our State Housing Board, and I look forward to seeing the positive impact in Colorado communities around the state,” said Governor Jared Polis.
“These investments help communities across Colorado address real housing needs by building new homes and preserving the ones people already live in,” said Maria De Cambra, Executive Director of the Department of Local Affairs (DOLA). “We’re proud to partner with local governments, housing authorities, nonprofits, and resident-led groups to make housing more affordable and accessible statewide.”
Investing in Homeownership Opportunities
The Board approved funding for 478 homeownership opportunities, including support for mobile home park preservation and first-time buyers. Standout projects included:
- Nueva Vida and 3 Mile Mobile Home Parks, awarded a combined $3.775 million to preserve 84 homes through resident ownership.
- Calvary Flats ($3.08 million) and HousePAD Longmont ($770,000), which will create 92 new for-sale homes for low- and moderate-income buyers.
- Down Payment Assistance programs in Longmont and Routt County, expected to serve at least 53 households.
Expanding Access to Affordable Rentals
Rental housing made up the largest share of awards, with more than 1,600 affordable rental units funded. Highlights include:
- Eagle Villas in Eagle County, supported with an additional $3.4 million to preserve and expand 120 rental homes.
- With $6.1 million in funding, projects like Harvest Hill, Loretto Heights Family Apartments, and Creekside Flats will add 402 much-needed rental units in Broomfield, Denver, and Jefferson counties.
- Denver Dry Goods, a historic renovation project in downtown Denver, was awarded $5.3 million to support 106 affordable units.
These developments will provide affordable rental options for families, seniors, and individuals earning low to moderate incomes.
Supporting Youth and Vulnerable Populations
More than $6 million was awarded for supportive housing and homelessness prevention programs:
- The Chrysalis Apartments in Denver was awarded $4.2 million and will provide 70 supportive homes for people exiting the justice system and experiencing housing instability.
- The Next Step 2 Generation initiative, in partnership with the Colorado Department of Education, received over $2 million to serve families with school-aged children experiencing homelessness.
- Tenancy support funding included $72,000 for 4995 Washington Street and $57,000 for WISH Community.
Community-Led and Rural Solutions
From Silverton to Pagosa Springs, the Board invested in community-led solutions that reflect local needs:
- Anvil Walsh Townhomes in San Juan County and Chris Mountain Phase II in Archuleta County, with over $1.2 million in funding, will create 19 new homeownership opportunities in small, mountain communities.
- Swiss Village in Ouray County and River Village Mobile Home Park of Chaffee County received over a combined $2.1 million in funding support to help residents purchase and preserve their mobile home parks.
- The City of Pueblo received $100,000 to expand its Minor Repairs Program, helping low-income homeowners make urgent fixes and stay safely housed.
The Board also funded down payment assistance programs in Longmont and Routt County, with 30 projected loans expected from Longmont’s program.
Learn more about these projects, additional awards, and the State Housing Board by visiting DOLA’s State Housing Board webpage.
