Housing Development Grant Funds (HDG)
Forecasted
Housing Development Grant Funds (HDG) supports developers, housing authorities, and local governments in acquiring, rehabilitating, and building housing to preserve and expand Colorado's affordable housing supply.
Funder: Colorado Division of Housing
Due Dates (Anticipated): December 2026 (Quarterly application cycle)
Funding Amounts: Grants or loans; loan interest generally 2% for for-profit developers and 1% for nonprofit developers
Summary: HDG supports acquisition, rehabilitation, and new construction to preserve and expand affordable housing in Colorado.
Key Information: For-profit developers are eligible for loans only, not grants.
Description
Housing Development Grant Funds (HDG) is a state funding program administered by the Colorado Division of Housing (DOH). Funded through General Assembly appropriations to the Colorado Affordable Housing Construction Grants Fund, it supports property acquisition, rehabilitation of existing units, and new construction through a competitive application process. Its purpose is to improve, preserve, or expand Colorado’s affordable housing supply, including rental housing, homeownership, and mobile home parks.
HDG also finances foreclosure prevention activities and the acquisition of housing and economic data needed to advise the State Housing Board on local housing conditions. Development funding is available as grants or loans, with eligibility determined by applicant type, housing type, and applicable area median income limits.
