Colorado State Housing Board Approves More Than $23 Million in New Investments to Build 380 Homes For Coloradans, Expands Ownership Opportunities

STATEWIDE – The Colorado Department of Local Affairs (DOLA), through its Division of Housing (DOH), announced the approval of over $23 million in funding from the State Housing Board (SHB) for more than 400 housing opportunities across Colorado. These 20 investments expand housing access through new rental developments, homeownership opportunities, and down payment assistance programs—advancing the State's vision of housing for all Coloradans.

"This $23 million investment will build almost 400 new homes for hardworking Coloradans and help ensure workers can live in the communities we love. In Colorado, we remain laser-focused on building more housing, breaking down government barriers to new homes, lowering costs, and saving families money, and this investment does exactly that," said Governor Polis.

"These awards affirm our mission to strengthen Colorado communities by supporting crucial work that prioritizes access to safe and affordable housing for every Coloradan," said Maulid (Mo) Miskell, DOLA Deputy Executive Director. "By investing in a variety of housing options, we are not only addressing immediate housing and supportive needs, but we are also laying the groundwork to create an accessible and dynamic housing supply as Colorado continues to grow and thrive. I am proud of the collaborative efforts between DOLA, our partners, and local communities that make initiatives like these possible."

Expanding Rental Housing Opportunities

From the Front Range to the Southwest, the State Housing Board approved funding nine affordable rental communities for Coloradans across Garfield, Alamosa, Routt, Adams, and other counties.

• Poplar Commons (Hayden, Routt County) - $1.6 million in Housing Development Grant funds to Hayden Municipal Housing Authority for 8 units for the local workforce including police, firefighters, teachers and their families.
• The Flour Mill Apartments (Salida, Chaffee County) - $1.1 million in Housing Development Grant funds to Chaffee Housing Authority for 20 apartments near Downtown Salida businesses, library, schools and grocery stores.
• Canyon Vista (Glenwood Springs, Garfield County) - $3.5 million in funding from Transformational Housing Loan Fund dollars to Cohen-Esrey Development Group LLC for 80 apartments to address a critical housing shortage while promoting environmental responsibility and resident welfare in Glenwood Springs.
• Windtrail Park (Fort Collins, Larimer County) - $950 thousand in Housing Development Grant funds to CARE Communities for 50 apartments close to community amenities and Colorado State University.
• Tierra Azul Apartments (Alamosa, Alamosa County) - $1.2 million in Housing Development Grant funds to Community Resources and Housing Development Corporation for 46 apartments near schools and services in Alamosa.
• The Ives II (Wheat Ridge, Jefferson County) - $1.85 million in Housing Development Grant funds to Foothills Regional Housing to support the construction of 43 apartments next to the recently completed Ives I building in Wheat Ridge.
• Blossom Commons (Westminster, Jefferson County) - $900 thousand in Housing Development Grant funds to Volker Housing Partners, LLC, for 50 senior apartments with easy access to services, recreation and entertainment.
• Sanctuary on Potomac (Aurora, Arapahoe County) - $550 thousand in Housing Development Grant to The Housing Authority of the City of Aurora for 43 units of permanent supportive housing near behavioral health services and transit.
• Blue Room House One (Denver, Denver County) - $700 thousand in Housing Investment Trust Funds (HITF) to Blue Room House One, LLC, to build 54 apartments using modular construction near employment centers and transit in the Santa Fe Arts District.

Together, these developments will deliver 344 new rental homes and 50 preserved units, expanding options where hard working families, seniors, and individuals of all incomes can live and thrive.

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Building Pathways to Homeownership

To help more Coloradans put down roots, the State Housing Board also approved funding from the Proposition 123 Affordable Home Ownership Program (AHOP) for new for-sale homes and homeownership initiatives.

• The Foundry Phase 1 (Commerce City, Adams County) - A $2 million grant to Commerce City Housing Authority for 36 condominiums for local workers and families.
• Impact Development Fund (Statewide) - $1.6 million to provide down payment assistance loans for households in areas that have filed commitments for Proposition 123 Local Government Affordable Housing.
• Southeast Colorado Enterprise Development, Inc. (Baca, Bent, Crowley, Otero, Kiowa and Prowers Counties) - $385 thousand for down payment assistance for seven households throughout the six counties.
• Rocky Mountain Community Land Trust (El Paso County) - $650 thousand for down payment assistance to 11 households in Colorado Springs and Manitou Springs.
• Elevation Community Land Trust (Statewide) - $825 thousand for down payment assistance for 30 households.
• Chaffee Housing Trust (Chaffee and Lake Counties) - $1 million for down payment assistance for 18 households.
• City and County of Denver - $1 million for down payment assistance to 33 first generation households purchasing a home in Denver.
• Community Economic Defense Project (Morgan, Logan, Archuleta, Dolores, La Plata, Montezuma, and San Juan Counties) - $690 thousand for down payment assistance for first-time and first-generation homebuyers in underserved rural communities. These investments will deliver 36 new homes and provide down payment assistance to over 90 households, empowering working families to build housing stability while strengthening communities statewide.

Improving Owner-Occupied Housing

To improve living conditions for more Coloradans, the State Housing Board also approved funding from the Proposition 123 AHOP for the Single Family Owner-Occupied (SFOO) Rehabilitation Program.

• Com Act Housing Corporation (Mesa, Garfield and Rio Blanco Counties) - $1.4 million for low interest loans to up to 56 households.
• 2025 Upper Area Council of Governments Single Family Owner-Occupied (Custer, Chaffee, Fremont, Lake and Teller Counties) - $450 thousand to preserve housing in Salida, Silver Cliff, Westcliffe, Canon City, Florence, Leadville and Woodland Park.
• San Luis Valley Housing Coalition Home Rehabilitation Program (Morgan, Logan, Archuleta, Dolores, La Plata, Montezuma, and San Juan Counties) - $1 million for loans for 14 households with aging infrastructure.

With these loans, Coloradans can remove deficiencies or health and safety hazards, improve accessibility and improve energy efficiency in the houses they own. To learn more about these recent as well as previous awards, please visit DOLA's State Housing Board webpage.

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