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Community Investment Financing

The purpose of the Community Investment Financing application is to provide resources for developers and service providers interested in creating and/or preserving affordable housing opportunities in the city of Aurora. The city’s housing priorities are established in the Housing Strategy and guided by six policies informed by best practices and extensive community input. Applications will be evaluated based on alignment with the policies and goals of the Housing Strategy.

Image of housing strategy policies

Funding Sources: The following funds are made available to support the city's housing goals included in the Housing Strategy. For the winter 2022 round of Community Investment Financing, the following funds and amounts are available for application. If applying for multiple funds, please submit a separate application for each fund.

  • HOME Funds - $3.6 million
  • CDBG Funds - $1.6 million
  • Private Activity Bond - $21.4 million
  • ARPA Funds - $1.5 million
Timeline:

  • Applications open Jan. 26
  • Applications close Feb. 9 at 5 p.m.
  • Review process in February
  • Recommendations in late February
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