Housing and Community Investment Program
The Housing and Community Investments Program distributes more than $3 million annually in funds through a competitive process to support affordable housing in Boulder. Affordable housing funds are used to build, rehabilitate or acquire affordable housing.
Local & Federal Funds
The four primary fund sources for the program are:
Affordable Housing Fund (AFH)
The Affordable Housing Fund is used to build, rehabilitate or acquire affordable housing. These local funds are often leveraged with other financial resources from the state and federal governments. Sources of the local funds include:
- Commercial linkage fee
- Inclusionary Housing cash-in-lieu contributions
- General fund
Community Housing Assistance Program (CHAP)
The Community Housing Assistance Program Fund was established in 1991 to provide a simple and flexible, locally administered funding source to increase the supply of affordable housing for working households. Source for this fund include:
- Property tax that generates around $3 million per year
- Housing Excise Tax
The HOME Investment Partnerships Program (HOME) provides grants from HUD to states and localities like Boulder. Boulder receives these funds as part of the Boulder Broomfield Regional HOME Consortium with the City of Longmont, the City and County of Broomfield and Boulder County. These funds are used for affordable housing activities, including:
- New construction of affordable housing, including soft costs and predevelopment
- Rehabilitation of rental housing and/or homeowner housing
- Address recent and urgent health and safety needs
Community Development Block Grant (CDBG)
Boulder began its participation in the Community Development Block Grant Program as an entitlement community when the program was initiated in 1975. As an entitlement community, Boulder receives funding directly from HUD. Traditionally, Boulder has spent funds primarily on capital projects and public service programs that have directly benefited low- and moderate-income residents, the elderly, severely disabled, and other special populations in the community.
CDBG and HOME funds allocated to Boulder and to the Boulder Broomfield Regional Consortium are awarded based upon the priorities identified in the 2020-2024 Consolidated Plan. The Consolidated Plan is carried out through Annual Action Plans, which provide a concise summary of the actions, activities, and specific federal and non-federal resources that will be used each year to address the priority needs and specific goals identified by the Consolidated Plan.
How to Apply for Funding
Review Boulder's Funding Policies
Cori Marin, Housing Sr Program Manager
- firstname.lastname@example.org or (303) 441-4134