The Innovative Housing Incentive Program helps address Colorado's housing shortage by supporting the development and expansion of the state's innovative housing manufacturing businesses.
Eligibility:
Colorado-based manufacturers with under 500 employees that produce prefabricated, modular, panelized, 3D-printed, tiny, or kit homes are eligible for the incentive. To be eligible, the homes must be built for installation on permanent foundations. Businesses will also be required to submit a Certificate of Good Standing from the Colorado Secretary of State, and must have produced at least one prototype home in Colorado.
Funding Entity:
Office of Economic Development & International Trade
Source:
State
Category:
Grant
Eligible Project Type:
New Construction
Amount:
Working capital grant: Businesses are eligible for a grant that will reimburse up to 20% of operating expenses on a monthly basis. Businesses will be eligible for up to $350,000 in grant funding, with an additional $50,000 bonus award for producing affordable housing. Businesses in Tier 1 Just Transition Communities will be eligible for up to $450,000, plus the $50,000 bonus; Per-unit incentive: Housing manufacturers can receive between $1,500 and $6,000 for every unit manufactured and installed in Colorado. Units that are affordable and energy efficient will receive a higher dollar amount per unit.
Purpose of Funds:
Other
Last Updated:
09/13/2023