In the first half of 2025, the Colorado State Housing Board approved over $68.4 million in funding to support the creation and preservation of 2,228 affordable homes across Colorado. The initiative includes 1,680 rental units, 478 homeownership opportunities—such as down payment assistance and preserved mobile homes—and 70 supportive housing units.
Governor Jared Polis said, “We are expanding housing options for all Coloradans, and this funding is an important piece of our work. Over the last year, we have made progress to break through barriers that prevent new housing, eliminate burdensome and costly regulations and give Coloradans the freedom to live where they want to live. All of this work supports the efforts of our State Housing Board, and I look forward to seeing the positive impact in Colorado communities around the state.”
Maria De Cambra, Executive Director of the Department of Local Affairs (DOLA), stated: “These investments help communities across Colorado address real housing needs by building new homes and preserving the ones people already live in. We’re proud to partner with local governments, housing authorities, nonprofits, and resident-led groups to make housing more affordable and accessible statewide.”
The board’s investment included support for homeownership programs such as resident-owned mobile home parks Nueva Vida and 3 Mile Mobile Home Parks ($3.775 million combined) preserving 84 homes; Calvary Flats ($3.08 million) and HousePAD Longmont ($770,000), which will create a total of 92 new for-sale homes; as well as down payment assistance programs expected to serve at least 53 households.
Rental projects received significant backing with more than 1,600 affordable rental units funded. Eagle Villas in Eagle County was awarded $3.4 million for preservation and expansion of rental homes. Other notable projects include Harvest Hill, Loretto Heights Family Apartments, and Creekside Flats—which together will add over 400 units in Broomfield, Denver, and Jefferson counties with $6.1 million in support—and Denver Dry Goods’ historic renovation project downtown receiving $5.3 million for affordable apartments.
Supportive housing initiatives were also prioritized: The Chrysalis Apartments in Denver received $4.2 million for supportive units aimed at individuals exiting the justice system or facing housing instability; Next Step 2 Generation initiative partnered with the Colorado Department of Education on a program serving families experiencing homelessness with over $2 million; additional tenancy support funding went toward other community organizations.
Rural areas saw targeted investments including Anvil Walsh Townhomes (San Juan County) and Chris Mountain Phase II (Archuleta County), both set to create new homeownership opportunities with more than $1.2 million allocated between them; Swiss Village (Ouray County) and River Village Mobile Home Park (Chaffee County) received over $2.1 million combined for resident purchase efforts; Pueblo’s Minor Repairs Program was granted $100,000 for urgent repairs benefiting low-income homeowners.
For further details about these awards or information on upcoming projects supported by DOLA’s State Housing Board visit their official webpage: https://cdola.colorado.gov/state-housing-board
