Innovative Housing Incentive Program
This program provides financial support to innovative housing manufacturing businesses in Colorado to help alleviate the housing shortage by reimbursing operating expenses and offering incentives for each unit produced and installed in the state.
The Innovative Housing Incentive Program addresses Colorado’s housing shortage by supporting the development and expansion of innovative housing manufacturing businesses. The program includes a grant and a factory loan mechanism. The grant reimburses up to 20 percent of operating expenses monthly, with businesses eligible for up to $350,000 ($450,000 for Tier 1 Just Transition Communities) and offers per-unit incentives between $1,500 and $6,000 for units manufactured and installed in Colorado. The factory loan program, which opened in fall 2023, will reopen as loans are repaid. Applications for the grant program are accepted on a rolling basis.
Award Range
Not specified - $450,000
Total Program Funding
$40,000,000
Number of Awards
Not specified
Matching Requirement
No
Additional Details
Operating expense reimbursement grants up to 20 percent of expenses, with per-unit incentives of $1,500 to $6,000 per unit. An additional $50,000 bonus is available for committing at least 10 percent of production to affordable housing.
Eligible Applicants
Additional Requirements
Businesses must be involved in housing manufacturing and commit at least 10 percent of housing production to deed-restricted affordable housing to be eligible for the affordable housing bonus.
Geographic Eligibility
All
Application Opens
December 1, 2022
Application Closes
Not specified
Subscribe to view contact details
Subscribe to access grant documents