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
2023 Request for Applications
The 2023 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.
2023 Participating Funders
- Pikes Peak Real Estate Foundation
- The Myron Stratton Home
- Colorado Springs Health Foundation
- The Moniker Foundation
- Clay Taylor Fund of Pikes Peak Community Foundation
2023 Key Dates
Applications Due: July 12
Project Meetings: July 21
Project Investments Finalized: July 30