Welcome to theCity of AuroraColorado

Resource Guide 

Thank you for your interest in developing/and or preserving affordable housing in Aurora. Much of the information outlined below is detailed in the Resource Guide for Developers on Affordable Housing. 

Aurora Housing Strategy 

The Aurora City Council approved the Aurora Housing Strategy in December 2020 to help guide policymakers, city staff, housing developers and community members in achieving a city for all Aurorans. Developers are encouraged to get familiar with the policies and strategies outlined at AuroraGov.org/HousingStrategy to understand Aurora’s vision for housing.  
                

Start with Our Development Process 

Like any development project in Aurora, please start with the city of Aurora Development Process.  

Community Investment Financing (CIF) Program

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

CIF Resources 

• Q&A video presentation 
• PowerPoint presentation (PDF) 

Various funding sources listed below provide the funding for this program including (click on the tabs below to learn more): 

Frequently Asked Questions about CIF Program

Click the button below to see a map of projects funded through the Community Investment Financing Program. 

Compliance, Monitoring and Reimbursement Draws 

Community Housing Development Organizations 

The U.S. Department of Housing and Urban Development (HUD) requires the city to set aside 15% of HOME funds each year for non-profit organization(s) to serve as the city’s community housing development organization (CHDO). This organization(s) must apply for the role and meet strict requirements set by HUD. The CHDO Certification and Recertification Manual includes instructions, requirements and the application for the program. 

Download the CHDO Certification and Recertification Manual (PDF)

Other Resources 

• HUD Exchange
  Provides additional information on U.S. Housing and Urban Development (HUD) Funds such as HOME, CDBG and Environmental Assessments.  

• CHFA Colorado
  Provides additional information on Private Activity Bonds, Tax Credits and provides industry webinars and more. 

• Department of Local Affairs (DOLA) Colorado
  Provides information on other funding sources for developers and contractors