The Colorado State Affordable Housing Fund: Proposition 123
Voters approved Proposition 123 in 2022 which created the State Affordable Housing Fund. The Fund allocates 40% of its funds to the Department of Local Affairs (DOLA) and 60% of its funds are overseen by the Office of Economic Development and International Trade (OEDIT) and managed by the Colorado Housing and Finance Authority (CHFA) on OEDIT’s behalf.

DOLA, OEDIT, and CHFA oversee this funding, which is provided through grants and loans to nonprofit agencies, community land trusts, nonprofit and for-profit developers, and local governments. Each program has its own applicant, program guidelines, and selection criteria.