The Affordable Housing Investment Fund (AHIF) provides affordable housing lenders with capital resources so they can provide 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 where the economic impact of COVID-19 has significantly affected housing affordability and availability. This program is funded through SB 22-159.
Who is this funding available to?
Eligible borrowers must be:
- Nonprofit or for-profit entities
- Municipal agencies
- Redevelopment agencies
- Joint ventures comprised of such entities
with:
- A track record of affordable housing or other projects that meet a community need
Note: Affordable housing lender may have additional requirements.
What can I use the funding for?
Allowable uses:
- Infrastructure
- Pre-development
- Acquisition (land and/or structure)
- Fees and permits
- Preservation & rehabilitation
- New construction
- Energy improvements
- Individual homeownership
Note: Affordable housing lender may have additional requirements.
Who are the “affordable housing lenders”?
AHIF 23 Awardees
Project Development Awards
Colorado Clean Energy Fund - $5,000,000
- Contact: Paul Scharfenberger | paul@cocleanenergyfund.com | 970-275-8482
First Southwest Bank- $10,000,000
- Contact: Eric Guttormson | eric.guttormson@fswb.com | 970-903-1804
Habitat for Humanity Colorado- $5,000,000
- Contact: Jessica Smith | admin@habitatcolorado.org | 303-454-8965 ext. 1
Impact Development Fund- $13,250,000
- Contact: Erica Madison | erica@impactdf.org
Mercy Community Capital- $7,500,000
- Contact: Rob Hammock | rob.hammock@mercyhousing.org | 303-830-3332
Pikes Peak Real Estate Foundation- $5,000,000
- Contact: Samuel Clark | sclark@ppref.org
Urban Land Conservancy- $5,000,000
- Contact: Aaron Miripol | aaron@urbanlandc.org
Weave- $7,500,000
- Contact: Ed Briscoe | ed@weavefinance.com
Mobile Home Park Acquisition
ROC USA- $11,750,000
- Contact: Mike Bullard | mbullard@rocusa.org
Impact Development Fund (IDF)- $11,750,000
- Contact: Erica Madison | erica@impactdf.org