Housing Solutions
Greeley’s City Council made ‘Housing for All’ a significant initiative for 2025, building a housing strategy where all residents have options for and access to healthy and independent living that maximizes community appeal.
Housing for All
Greeley has made “housing for all” a priority
Housing Support Programs
Residents can be supported through federal funding assistance
Housing Needs Measured
In-depth exploration at Greeley housing
Greeley’s Commitment to Support Housing for All Residents
Affordable housing is defined as housing where an occupant pays no more than 30% of their income for gross housing costs, including utilities. This 30% threshold is commonly known as the affordability standard.
Greeley’s Housing Solutions Department administers the City’s allocation of funds from the U.S. Department of Housing and Urban Development (HUD) to programs and organizations supporting housing resources.
Incentives for Homebuilders and Developers
Housing Solutions understands today’s evolving market. Getting housing development project to cash-flow can be a challenge. The city has funding opportunities that may assist in your proposed project. Contact the housing team for more information on each of the listed opportunities below to determine if this could be a good fit for your project.
Community Development Block Grant and HOME Funds
The City of Greeley is an entitlement community that receives an allocation of Federal Community Development Block Grant (CDBG) and HOME Investment Partnership Funds on an annual basis from the U.S. Department of Housing and Urban Development (HUD). Outlined below is a summary of these programs and how funds are utilized to create impact within our community.
HOME Investment Partnership Funds
HOME is a federal grant program administered by HUD, designed to provide funds to state and local governments to create affordable housing opportunities for low-income households. The program aims to expand the supply of decent, safe, and affordable housing through the construction, rehabilitation, or acquisition of affordable rental housing as well as tenant-based rental assistance, homeownership assistance, and credit counseling.
HOME funds can be used for a variety of affordable housing activities, including:
- Construction, rehabilitation or acquisition of affordable rental housing.
- Tenant-based rental assistance (TBRA) to help eligible households with rental costs.
- Homeownership assistance such as down payment and closing cost assistance.
- Housing-related services including credit counseling and homeownership training.
Quick Links
Prop123
The objective of Proposition 123 is to increase the baseline of affordable housing by 3% annually by December 31, 2026 (9% total increase). Proposition 123 was enacted by Colorado voters in 2022 to establish a statewide affordable housing fund. Several hundred million dollars for affordable housing are available starting in 2023 which will be overseen by the Department of Local Affairs (DOLA) and the office of Economic Development and International Trade (OEDIT). Funds may only be granted to non-profits, community land trusts, private entities, and local governments.
Greeley has opted in to Prop 123 funding and will direct awarded funds towards affordable housing development and projects; programs serving persons experiencing homelessness; and planning capacity needs. Please reach out to housinginfo@greeleygov.com for available opportunities.
Private Activity Bonds
GREELEY, Colo. — The City of Greeley is breathing life into affordable housing in 2026. With the help of Private Activity Bonds (PABs), the City is looking to invest in high-impact housing projects. The application is now live until March 20. Developers, businesses and nonprofits seeking to strengthen the community are invited to apply.
Private Activity Bonds are a powerful, low-cost financing tool that reduces borrowing costs. The program helps to make community-beneficial developments financially feasible through tax-exempt financing. This bond opportunity also supports the City’s Housing for All initiative.
Program Overview
Each year, the State of Colorado Department of Local Affairs offers PAB funds to the City. The City has received $24,421,742 to support various qualified projects.
Example Projects:
- Conversion of an office building into affordable housing units.
- Residential developments.
- Rehabilitation of affordable housing rental units.
- Creation of income-restricted units or mixed-income housing.
- Mortgage credit certificates for first-time homebuyers.
Timeline
Applications open on February 25 and close on March 20 at 4 p.m. Awards will be announced in June 2026. Then, funding will be distributed in September 2026.
To learn more, read PAB Program Info. To apply, complete the Docusign application.
Housing Needs Assessment
The 2023 Housing Needs Assessment provided specific, measurable goals over the next two years to meet the growing demand for market rate and affordable housing units.
CDBG and HOME Resource Documents
Greeley Prepares Annual Action Plans and Consolidated Annual Performance and Evaluation Report for its housing initiatives. We are in the process of building the current year report. For those with accessibility needs, please reach out to the Housing Solutions Department directly to receive a copy of the latest report.
- Annual Action Plan
- Consolidated Annual Performance and Evaluation Report (CAPER)
Fair Housing laws promote equal access to homeownership and rental housing opportunities
Fair housing laws are fundamental to the values of our community. By protecting against housing discrimination, fair housing makes Greeley a stronger community and a better place to live, work, and play.
Under Colorado state and federal law, it is illegal to discriminate against any person under the protected classes: race, color, creed, national origin/ancestry, religion, sex, sexual orientation including transgender status or gender expression age, marital status, pregnancy, familial status, disability, source of income, veterans, or military status.
Housing discrimination is illegal including for anyone to threaten, coerce, intimidate, or interfere with anyone exercising a fair housing right or assisting others who exercising that right. Visit the Colorado Civil Rights Division page for more information.