Colorado Unveils 728 Affordable Homes Backed by $27M Investment to Improve Living Standards

Colorado is stepping up its fight against the affordable housing crisis with a bold move—728 new rental units are now in the pipeline, funded by $27 million from the Proposition 123 Concessionary Debt program. The initiative, announced by Governor Jared Polis and state housing officials, focuses on creating homes for lower-income residents while enhancing community life across the state.

“In Colorado, we are focused on building more housing Coloradans can afford where Coloradans want to live,” said Governor Polis, as cited by the Governor’s Office.

Without this critical funding, many of these housing developments were at risk of being shelved due to market instability and unreliable federal support. The Concessionary Debt funds, however, bridged the gap, enabling public and private partners to bring these projects to life.

“The projects announced today will provide much-needed housing for Colorado families along with amenities that improve quality of life,” said Eve Lieberman, Executive Director of OEDIT.

The developments are spread across Denver, Boulder, Parker, Grand Junction, and Aurora, each tailored to local needs:

Denver: 170 units co-located with a public library
Parker: 204 units adjacent to a regional park
Grand Junction: The first phase of a 360-unit project
Additional sites in Boulder and Aurora will follow suit

These aren’t just buildings—they’re planned as community assets, designed to strengthen neighborhoods and improve everyday living for residents.

The Colorado Housing and Finance Authority (CHFA) will manage the underwriting process to ensure effective use of the $27 million fund.

“This financing helps ensure that developers have the necessary resources required to continue to address our state’s affordable housing needs,” said Thomas Bryan, CHFA CEO.

With this major investment, Colorado is not just adding housing—it’s redefining how communities grow, ensuring affordability and livability go hand in hand.

This article has been carefully fact-checked by our editorial team to ensure accuracy and eliminate any misleading information. We are committed to maintaining the highest standards of integrity in our content.

Katie Baylett

Katie is a senior who has been on staff for three years. Her favorite type of stories to write is reviews and features. Katie’s favorite ice cream flavor is strawberry.