Colorado Housing Assistance Corporation is recommended for a $275,000 Proposition 123 AHOP grant to relaunch a statewide down payment assistance program offering 0% deferred loans to homebuyers at or below 120% AMI. The two‑year award will fund administration and roughly 10 loans, layered with $240,000 from CHAC’s existing DPA resources to reach borrowers in numerous opted‑in counties such as Pueblo, El Paso, Adams, Arapahoe, Mesa, and Weld. Although CHAC has not recently used DOH funds, it maintains a substantial portfolio of 292 deferred DPA loans and consistently closes 8–12 DPA loans per month through other programs, suggesting they will need scalable systems and capacity as they add this product. Vendors providing loan origination/servicing software, income and eligibility verification tools, homebuyer education and counseling platforms, and compliance/reporting support can engage with CHAC as it finalizes program guidelines and begins originating AHOP‑backed DPA loans.

Program will operate across many opted‑in jurisdictions statewide and is structured as 0% deferred D...