Pikes Peak Real Estate
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