Media Contact: Chynna Cowart
chynna.cowart@state.co.us | 303-656-7464
Through SB22-159, the Transformational Affordable Housing Revolving Loan Fund program (THLF) was established to provide, flexible, low-interest and below market rate loan funding that will support the development of a range of affordable rental and home-ownership projects and programs throughout Colorado.
The Department of Local Affairs (DOLA), through its Division of Housing (DOH), Office of Housing Finance and Sustainability (OHFS) is requesting applications for grants or loans to affordable housing investment funds to enable DOH to continue their mission of the creation or preservation of housing affordable to Extremely Low Income to Middle Income individuals and families throughout Colorado.
The Transformational Housing Loan Fund
The State of Colorado has an opportunity to address the affordable housing crisis in Colorado, in part, by providing affordable housing lenders capital resources to provide funding opportunities that will support increases in new housing developments, the preservation and rehabilitation of existing home stock, property conversions, and nontraditional housing capacity in diverse geographic communities where the economic impact of COVID-19 has significantly affected housing affordability and availability.
The Transformational Housing Loan Fund (THLF) accepts applications on a rolling basis, with applications due on the first of each month. Please contact your Housing Development Specialist for more information on application requirements.
| Total Amount Available: Up to $75,000,000* |
| Minimum Investment: $1,000,000 Maximum Investment: $10,000,000** |
| *Additional funding may be available **Exceptions will be considered on a case by case basis |
For more information and resources for this fund, please visit DOLA's Transformational Housing Loan Fund (THLF) webpage.
###