East Arapahoe News

Aurora Accepting Funding Application from Affordable Housing Developers

Aurora’s Housing and Community Development Division is accepting applications from housing developers interested in creating or persevering affordable housing in Aurora as part of the summer round of the Community Investment Financing (CIF) Program, which provides bridge financing through loans. The deadline to apply for this competitive program is at 9:59 p.m. MST Friday, July 28. The application can be found at AuroraGov.org/AHR.  

City staff will host a virtual information meeting for developers interested in applying for funding.  Virtual Information Session:  

• Friday, July 14 
• 10 a.m. MST 
• Join the Microsoft Teams meeting
  • Meeting ID: 218 760 243 029
  • Passcode: RZgWoa

The following federal funds are available for the summer round of the Community Investment Financing Program. The description of each fund is found at AuroraGov.org/AHR.  

• HOME Investment Partnerships Program (HOME) – $1,028,745 
• Community Development Block Grant (CDBG) Program – $2,700,000 
• Community Development Block Grant CARES Act (CDBG-CV) - $1,700,000 

The Community Investment Financing Program provides funding through loans for developers interested in creating and/or preserving affordable housing in Aurora. The city provides two funding opportunities per calendar year (spring and summer). The applications are evaluated based on alignment with the policies and goals of the Aurora Housing Strategy. 

For more information about the Community Investment Financing Program, visit AuroraGov.org/AHR. 

Original source can be found here