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This page is for affordable housing developers. If you are seeking affordable housing:
*The City of Colorado Springs does not manage public housing.* |
According to the Department of Housing and Urban Development (HUD), families who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation and medical care.
The Community Development Division provides funding opportunities for non-profit and for-profit housing developers to assist with the development of affordable rental projects that serve both families and individuals. High priority is placed on projects that serve people with incomes at or below 60% of area median income and special needs populations. Affordable housing development includes new construction, acquisition and rehabilitation.
Funding Priorities
2015-2019 Consolidated Plan Priority Needs
- Stabilize and Improve Struggling Neighborhoods
- Increase and Preserve the Supply of Affordable Housing
- Invest in Facilities and Services that Prevent and End Homelessness
Affordable Housing Priorities within the Consolidated Plan
- Preserve existing units at risk of being converted to market rate
- Prioritize new units for 30-60% AMI with emphasis on housing for seniors and persons with disabilities
- Locate new units near public transportation and employment to encourage affordability throughout the community to allow for housing choice
- Increase the number of permanent supportive housing units
How to Apply for Funding
Applicants requesting Community Development funds to develop affordable rental housing are required to submit an Affordable Housing application. Before considering applying for funds, applicants should review the Affordable Housing Program & Underwriting Guidelines to become familiar with the priorities, processes and requirements associated with Community Development funds.
A pre-application meeting is strongly encouraged prior to submitting an application to the City of Colorado Springs to ensure compliance with all federal, state and local priorities and regulations. Applicants are encouraged to review these guidelines and meet with staff as early as possible in project process.
Questions
The City strives to provide excellent customer service and support to non-profit, for-profit and quasi-public entities to identify housing needs within the community and make investments in residential development that target extremely low to low-income households. If you have any questions or comments about the Affordable Housing Program, please contact us by email at CityHousingandCommunityVitality.@coloradosprings.gov or by phone at 719-385-5912.