In the first half of 2025, the Colorado State Housing Board approved over $68.4 million to support the creation and preservation of 2,228 affordable homes throughout Colorado. The funding includes 1,680 rental units, 478 homeownership units—which cover down payment assistance, single family owner-occupied homes, and 159 preserved mobile homes—and 70 supportive housing units.
Governor Jared Polis commented on the recent efforts: “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.”
Of the total funding allocated for homeownership opportunities—amounting to support for 478 units—several projects stood out. Nueva Vida and 3 Mile Mobile Home Parks received a combined $3.775 million for resident ownership preservation covering 84 homes. Calvary Flats was awarded $3.08 million while HousePAD Longmont received $770,000; together these projects will create 92 new for-sale homes targeted at low- and moderate-income buyers. Down payment assistance programs were also funded in Longmont and Routt County.
Affordable rental housing accounted for most awards with over 1,600 units funded across various regions. Eagle Villas in Eagle County secured an additional $3.4 million for preserving and expanding 120 rental homes. Projects such as Harvest Hill, Loretto Heights Family Apartments, and Creekside Flats received a total of $6.1 million to add a combined 402 rental units across Broomfield, Denver, and Jefferson counties. The historic Denver Dry Goods renovation project was awarded $5.3 million to provide 106 affordable apartments.
Supportive housing initiatives were also prioritized with more than $6 million dedicated toward homelessness prevention programs statewide. The Chrysalis Apartments in Denver received $4.2 million for creating supportive residences aimed at people exiting the justice system or experiencing instability in their living situations; it will provide a total of 70 supportive homes. Additionally, over $2 million was granted through partnership with the Colorado Department of Education under the Next Step 2 Generation initiative serving families with school-aged children facing homelessness.
Other community-led solutions included funding for Anvil Walsh Townhomes in San Juan County and Chris Mountain Phase II in Archuleta County—together receiving over $1.2 million—to create new homeownership opportunities within smaller mountain towns. Swiss Village in Ouray County along with River Village Mobile Home Park in Chaffee County shared more than $2.1 million so residents could purchase or preserve their mobile home parks.
The City of Pueblo benefited from a $100,000 grant designed to expand its Minor Repairs Program that helps low-income homeowners make necessary repairs so they can remain safely housed.
More information about these initiatives is available on DOLA’s State Housing Board webpage (https://cdola.colorado.gov/state-housing-board).
