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Underwriting and Guidelines

The purpose of the Affordable Rental Housing Program and Underwriting Guidelines is to identify the city's affordable rental housing policy objectives, describe the activities available to advance the objectives, and describe the manner in which the activities will be evaluated, underwritten and selected for funding. The guidelines are intended to achieve compliance with federal, state and local regulations and set the standards for all affordable rental housing projects funded by the City of Colorado Springs, regardless of funding source. 

Annual Compliance Report

Developers who have received HOME funds from the Community Development Division are required to provide information for the assisted units for their property on an annual basis to determine compliance with applicable HUD and City standards.  

Affordable Housing Development Application

If you are interested in applying for financing assistance to acquire, build or rehabilitate affordable housing, please click on the link below to start an application and learn more about our programs.