Proposition 123 - Persons Experience Homelessness (PEH)
Forecasted
Proposition 123 - Persons Experience Homelessness (PEH) supports housing developers, authorities, and local governments in building, acquiring, and rehabilitating supportive housing for people experiencing homelessness.
This grant was recently updated
Development Application Instructions are now labeled effective November 2026, replacing June 2026. The deadline reference has also changed from the DOH Funding Calendar to the linked Application Schedule and Awards page.
Funder: Colorado Division of Housing
Due Dates (Anticipated): January 2027 (Application deadline)
Funding Amounts: Grants or loans; loan interest generally 2% for for-profits and 1% for nonprofits
Summary: Supports construction, acquisition, and rehabilitation to develop and preserve supportive rental housing for people experiencing homelessness.
Key Information: For-profit developers are eligible for loans only; nonprofits, housing authorities, and local governments may receive grants or loans.
Description
The Colorado Division of Housing (DOH) administers a portion of Proposition 123 funds to develop and preserve supportive housing for people experiencing homelessness. This state-funded program focuses on supportive rental housing, supporting both the creation of new housing and improvements to existing properties.
Funding is available as grants or loans for new construction, property acquisition, and rehabilitation of existing units. The program serves nonprofit developers, housing authorities, and local governments through either funding form, while for-profit developers may participate as borrowers. Its central purpose is to expand and preserve housing specifically for people experiencing homelessness.
