Are you thinking of buying your first home in Colorado? Would you like a free gift of money to help you purchase that first home? Unfortunately, the state of Colorado does not provide free money for its residents who are first time home buyers and need help with the down payment and closing costs as some other states do. However, there is still Federal Grant money available as well as grants from private foundations. This is free money that shouldn’t be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about various grant programs that are available to you.
The Colorado Housing Housing and Finance Authority has a Downpayment Assistance Program in the form of a tax credit for eligible home buyers who meet specific moderate income limits to help with down payment and/or closing costs. Check and see what is available and if you qualify.
CHFA’s entire organization is focused on helping people and businesses succeed. They’ve seen the positive effects of homeownership and business expansion reverberate throughout communities. One success leads to another, as families become financially stable and companies add more jobs. For CHFA, every happy ending is really a new beginning.
Save money every year with the CHFA tax credit program, the CHFA Mortgage Credit Certificate (CHFA MCC)! Getting a CHFA MCC is like getting up to a 50 percent discount off your mortgage interest rate.
The contact info for the CHFA is:
Colorado Housing and Finance Authority
1981 Blake Street
Denver, Colorado 80202-1272
Besides the state programs, there are federal funds and grants available in Colorado through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you’ll find complete grant information, application forms, description of available funds, as well as many other helpful tools.
Every potential first time home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has a complete list of all grant programs available through the United States Federal Government: Grants.gov. First time home buyers should plan to spend the required time investigating to determine how many individual grants they may qualify for. You can visit the website by going to Grants.gov. Once there, you can search for grants available for Colorado.
Other Grants in Colorado
In addition to the grant programs described above, the U.S. Department of Housing and Urban Development provides home buyer assistance and grants in every state. There are multiple grant programs designed specifically for people that meet certain requirements, such as grants for people with disabilities so they can continue to live independently at home. It is worth visiting HUD’s website to see what assistance is currently available. For your convenience, simply go to this website.
Here is the contact information for the HUD office in Colorado:
Denver Regional Office
Denver, CO 80202-4801
Phone: (303) 672-5440
Fax: (303) 672-5004
There are also these local programs:
Arapahoe County Home Ownership Program (HOP) (303) 738-8065
Aurora Home Ownership Assistance Program (HOAP) (303) 360-0053
Colorado Housing Assistance Corporation Creating Affordability Now 65% to 80% AMI Down Payment Program (CAN) (303) 572-9445
Colorado Housing Assistance Corporation Creating Affordability Now Below 65% AMI Down Payment Program (CAN) (303) 572-9445
Colorado Housing Assistance Corporation Downpayment Assistance Disability Program (DAP) (303) 572-9445
Colorado Housing Assistance Corporation Federal Home Loan Bank Program (FHLB) (303) 572-9445
Colorado Housing Assistance Corporation Mortgage Assistance Program (MAP) (303) 572-9445
Colorado Springs Affordable Homeownership Program (AHP) (719) 387-6714
Del Norte Neighborhood Development Corporation Savings Plus Individual Development Account Collaborative (IDA) (303) 477-4774
Denver City and County – Newsed Community Development Corporation Barrio Aztlan Homeownership Program (HAP) (303) 534-8342
Denver County Colorado Housing Assistance Corporation (CHAC) Barrio Azatlan Home Ownership Program (BAHOP) (303) 572-9445
Denver Del Norte Neighborhood Development Corporation Barrio Aztlan Home Ownership Program (HOP) (303) 477-4774
Eagle County Downpayment Assistance Program (DAP) (970) 328-8771
Eagle County Downpayment Assistance Program (DAP) Monthly Interest Payback (970) 328-8771
Eagle County Downpayment Assistance Program (DAP) Property Appreciation (970) 328-8771
Fort Collins First Time Home Buyer Grants Program (970) 221-6595
Glenwood Springs Board of Realtors Affordable Housing Fund (AHF) (970) 945-9762
Jefferson County Stride Home Ownership Program (HOP) (303) 275-3450
Larimer County Home Ownership Program (LHOP) (970) 667-3232
Longmont/Boulder County Down Payment Assistance Program (DPA) (303) 441-3987
Multi Counties West Central Housing Development Organization Regional Ownership Assistance Down Payment Program (ROAD) (970) 874-8204
Multi-Counties Del Norte Neighborhood Development Corporation Savings Plus Individual Development Account (IDA) (303) 477-4774
Northeast Colorado Housing Inc. Homeownership Down Payment Assistance Program (970) 542-0955
Pueblo County HOME Downpayment Assistance Program (HDAP) (719) 584-0817
Pueblo Neighborhood Housing Services Repayable 2nd Mortgage Program (SMP) (719) 544-8078
San Miguel County- San Miguel Regional Housing Authority Down Payment & Closing Cost Assistance Program (DPCC) (970) 728-3034
Summit County – Town of Dillon Employer Assisted Housing Program (EAHP) (970) 468-2403
Summit County Down Payment Assistance Program (DPA) (970) 453-3557
Summit County Employee Housing Assistance Program (EHAP) (970) 453-3404
Summit County Summit Housing Authority Downpayment Assistance Program (970) 453-3557
Weld County, High Plains Housing Development Corporation Downpayment / Closing Cost Assistance Program (DAP) (970) 352-1551