Workforce Housing Fund


Pikes Peak Real Estate

Foundation

The PPREF Workforce Housing Fund

PPREF created the Workforce Housing Fund to pool investments from partner foundations into program related investments (PRIs) for new workforce housing projects.

The Fund is a revolving loan fund. Awards to projects are expected to be returned with interest when construction financing is closed. The terms and rate of the loan are negotiable depending on the project’s scope and timeline.

Key Fund Information

2021 Request for Applications

The 2021 RFA can be found here.

Funding prioritizes projects seeking tax credit support (LIHTC) from the Colorado Housing and Finance Authority.

Funds are strictly for predevelopment planning and not for construction costs.

2021 Participating Funders

  • Pikes Peak Real Estate Foundation
  • The City of Colorado Springs
  • The Nor’Wood Fund at Pikes Peak Community Foundation
  • The Moniker Foundation
  • The Myron Stratton Home
  • The Chapman Trusts
  • The RNR Foundation
  • The Dakota Foundation

2021 Key Dates

Applications Due: April 20

Final Candidates Notified: April 30

Final Funding Decision: May 7