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 to sub-borrowers. This funding is intended to 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. Originally funded through HB21-1329, the program was expanded in SB22-159.
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”?
After a competitive application process, five (5) affordable housing lenders were awarded funding in our first round of applications, referred to as AHIF 22, and eight (8) were selected in our second round of applications, referred to as AHIF 23.
AHIF Awardees
AHIF 22
Elevation Community Land Trust- $6,000,000
- Contact:
Impact Development Fund- $10,000,000
- Contact: Erica Madison | erica@impactdf.org
Mercy Community Capital- $10,000,000
- Contact: Rob Hammock | rob.hammock@mercyhousing.org | 303-830-3332
Urban Land Conservancy- $10,000,000
- Contact: Brad Dodson | bdodson@urbanlandc.org
Weave- $5,000,000
- Contact: Ed Briscoe | ed@weavefinance.com
AHIF 23
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- $15,00,000
- 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: Brad Dodson | bdodson@urbanlandc.org
Weave- $7,500,000
- Contact: Ed Briscoe | ed@weavefinance.com