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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 Summer 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.

  • $1 million in HOME Investment Partnerships: To fund a wide range of activities, including building, buying, and/or rehabilitating affordable housing for rent or homeownership or providing direct rental assistance to low-income communities.  

  • $300,000 in Community Development Block Grant Program (CDBG) funding: To provide decent housing, a suitable living environment, and expanded economic opportunities for Aurora residents. 

  • $2 million in American Rescue Plan Act (ARPA) funding: To assist individuals or households who are experiencing homelessness, at risk of homelessness, and other vulnerable populations, by providing housing, rental assistance, supportive services, and non-congregate shelter to reduce homelessness and increase housing stability in the city.  

Timeline:

  • Applications open June 23, 2022
  • Applications close July 8, 2022 at 11:59 p.m. 
Questions? 

Email Alicia Montoya, housing and community development manager, at [email protected]
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