Housing Trust Fund Grant Award Summary

The Department of Housing and Urban Development (HUD), through its Assistant Secretary for Community Planning and Development, awarded the Colorado Department of Local Affairs (DOLA) $3.31 million in Housing Trust Fund (HTF) formula grant funding on March 27, 2026 (CFDA 14.275). This seven-year award, with completion targeted for March 27, 2033, supports the production, preservation, and rehabilitation of affordable rental housing for extremely low-income and very low-income households throughout Colorado. DOLA administers this federal funding as a pass-through entity, sub-awarding resources to local governments, housing authorities, community development corporations, and nonprofit organizations including Catholic Charities & Community, Almost Home, and Impact Charitable.

Under the grant, DOLA and its sub-awardees must allocate a minimum of 80 percent of funds ($2.65 million) toward rental housing activities, with remaining funds available for homeownership assistance (up to 10 percent) and administrative and planning costs (up to 10 percent). Grant funds support the acquisition, new construction, and rehabilitation of housing units targeting households with incomes at or below 30 percent of area median income or the federal poverty line, whichever is greater, and may include up to 30 percent of funds for operational expenses of acquired or rehabilitated rental properties. DOLA must commit all awarded funds to specific projects within 24 months and fully expend funds within the five-year implementation window, with annual Housing Trust Fund allocation plans required by August 16, 2026.