The U.S. Department of Housing and Urban Development (HUD) awarded a $5,973,918.40 formula grant under the Home Investment Partnerships Program (CFDA 14.239) to the Colorado Department of Local Affairs (DOLA) Divisions of Housing & Local Government. This grant, effective November 12, 2024, will fund a range of affordable housing activities through September 30, 2033. Eligible activities include rehabilitation of owner-occupied housing, homebuyer assistance, construction of rental housing, and tenant-based rental assistance. DOLA will utilize the HOME funds to expand the supply of affordable housing, particularly rental units, for low- and very low-income households throughout Colorado. At least 15% of the grant must be reserved for projects developed by Community Housing Development Organizations. DOLA frequently sub-awards portions of its federal funding to local governments, housing authorities, and service providers to implement specific affordable housing projects and initiatives.
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