The Colorado Department of Local Affairs (DOLA), through its Division of Housing (DOH), Office of Housing Finance and Sustainability (OHFS) is currently accepting applications for the Transformational Affordable Housing Loan Fund (THLF). The THLF provides low-interest, flexible and below-market financing to developers and affordable housing providers for the creation or preservation of housing affordable to Extremely Low Income to Middle Income individuals and families throughout Colorado.
The State of Colorado has an opportunity, through SB22-159, to address the affordable housing crisis in Colorado, in part, by providing flexible, low-interest, and below-market rate funding 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.
Funding Opportunity
Transformational Housing Loan Fund (THLF)
Total Amount Available: Up to $71,250,000*
Application Details
Letters of Intent: N/A
Applications Due: Monthly, beginning May 1, 2023
Application Instructions
Applications can be submitted through Neighborly. Contact your Housing Development Specialist for more information.
Resources
THLF Localities Classification
THLF Application Fee Submittal Form
Questions
Andrew Paredes
Director, Office of Housing Finance and Sustainability
Andrew.Paredes@state.co.us