The Single Family Construction Loan Program provides attractive financing terms to for-profit and nonprofit developers for constructing affordable, for-sale homes in Colorado.
Single Family Construction Loan Program
The Program provides construction or bridge acquisition financing. Borrowers should have previous experience developing affordable for-sale housing. Affordability requirements apply to all projects.
Benefits
- Affordable interest rates
- Flexible financing terms
Eligible Uses
- Construction and/or rehabilitation costs
- Project acquisition
- Loan proceeds cannot solely be used for land acquisition unless those costs are directly included in the total project cost being financed by CHFA.