Academy Heights Project
Academy Heights project utilized several developer resources.

Access to affordable housing has an impact on the health and vitality of our community. Planning and Financing for the project are critical from conception. Land use laws, zoning, and neighbor concerns affect location of affordable housing. The capital stack for financing an affordable housing project usually includes a conventional mortgage loan, tax credits, and several other sources of funds such as alternative financing or grants from public or private sources.

Our community already has many of the tools in place to create and preserve affordable housing. The organizations listed below are the best starting points to find the particular developer resources you need.

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General Information

Access workshops and guides specifically for developers of affordable housing.

Planning Departments

Start the process by speaking with the correct planning department for your development.

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Financing Sources

See what funding is out there to develop affordable housing and how to apply for it.

Administered by the City of Colorado Springs

Federal Funds through HUD

Grants and Loans

Project types: Affordable Rentals, Supportive, Transitional, and Assisted Living

Can be used for Acquisition, Rehab, and Preservation

Federal Funds through HUD

Loans Only

Project types: Affordable Rentals, Homeownership, and Assisted Living

Can be used for New Construction

State Funding through Colorado Department of Local Affairs

Bond Financing

Project types: Affordable Rentals, Supportive, and Assisted Living

Can be used for New Construction, Acquisition, and Rehab

City of Colorado Springs logo

Local Funds through the City of Colorado Springs and Colorado Springs Utilities

Rebate Program

Project types: Affordable Rentals, Supportive

Can be used for New Construction

Local Funds through the City of Colorado Springs

Rebate Program

Project types: Affordable Rentals

Can be used for New Construction and Rehab

Administered by El Paso County and the El Paso County Housing Authority

Federal Funds through HUD

Grants and Loans

Project types: Affordable Rentals, Supportive, and Transitional

Can be used for Acquisition, Rehab, and Preservation

Local funds through the El Paso County Housing Authority

Loans Only

Project types: Affordable Rentals, Supportive, Homeownership, Transitional, and Assisted Living

Can be used for New Construction, Acquisition, Rehab, Pre-Development, Preservation, and Down Payment Assistance

El Paso County logo

State Funds through Colorado Department of Local Affairs

Bond Financing

Project types: Affordable Rentals, Supportive, Homeownership, and Assisted Living

Can be used for New Construction, Acquisition, and Rehab

Local Funds through the El Paso County Housing Authority

Fully Forgivable Loans

Project types: Homeownership

Can be used for Down Payment Assistance

Administered by the Pikes Peak Real Estate Foundation

State Funds through Colorado Division of Housing

Loans Only

Project types: Affordable Rentals, Supportive, and Homeownership

Can be used for New Construction, Acquisition, Rehab, and Preservation

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Local Funds through Philanthropic Capital

Loans Only

Project types: Affordable Rentals, Homeownership, and Transitional

Can be used for Pre-Development

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For more information, contact:

Randi Davis
Community Development Analyst
9 E. Vermijo Avenue
Colorado Springs, CO 80903
719-520-6481
randidavis2@elpasoco.com

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