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Foundation Annual Affordable Housing GrantsHousing Grants for NonprofitsCommunity Development Grants
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Funding Amount

$195,132 awarded in Round 2; $933,000 raised to date

Deadline

May 3, 2026

26 days left

Grant Type

foundation

Overview

Housing Catalyst Fund

Purpose: Pre-development funding initiative to support workforce housing projects throughout La Plata County by covering early-stage costs that often create roadblocks to project development.

Geographic Scope: La Plata County, Colorado (including Durango, Cortez, Dolores, Dove Creek)

Focus Areas:

  • Feasibility studies

  • Environmental assessments and studies

  • Site preparation

  • Market studies

  • Surveys

  • Legal fees

  • Infrastructure replacement projects

  • Mobile home park preservation

    • Eligibility:

  • Projects must commit to providing below-market housing units

  • For projects using state and federal subsidies: minimum 25% of available units as below-market

  • For projects using private or local funds: must describe how many units can be set aside as below-market

  • Projects must demonstrate readiness to proceed

  • Projects should be planning to apply for state resources within 12 months

    • Below-Market Housing Definition:

  • Rental housing: Rents affordable to households earning less than 140% AMI

  • For-sale housing: Available to households earning less than 160% AMI

  • Affordability calculations follow HomesFund's annual AMI chart and City of Durango's Fair Share program standards

    • Funding History:

  • Round 1 and Round 2 completed

  • Round 3 applications opened May 3, 2024

  • Total raised: $933,000

  • City of Durango contributed $250,000

  • City of Durango and La Plata County provided initial seed grants

    • Administration: La Plata Economic Development Alliance with Housing Catalyst Fund Committee of community housing and finance leaders

    Contact: yeslpc.com

    How to Apply

    Application Process

    Submission Details:

  • Applications reviewed by Housing Catalyst Fund Committee

  • Awards based on rubric-based evaluation

  • Committee makes funding recommendations

    • Required Materials:

  • Project details and description

  • Feasibility and readiness assessment

  • Below-market housing unit commitments

  • If using state/federal subsidies: documentation of 25% below-market commitment

  • If using private/local funds: description of below-market unit allocation

    • Evaluation Criteria:

  • Project readiness to proceed

  • Timeline for pursuing state resources (within 12 months)

  • Quality of pre-development plan

  • Commitment to affordability standards

    • Resources Available:

  • Recorded Catalyst Fund Q&A webinar available on Alliance website

  • Complete criteria and application details on yeslpc.com

    • Timeline Example (Round 3):

  • Applications opened: May 3, 2024

  • Awards process: June-July 2024

    • Apply with Grantable Learn more

    Focus Areas & Funding Uses

    Fields of Work

    affordable-housinghousingcommunity-development

    Categories

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    Affordable Housing GrantsHousing Grants for NonprofitsCommunity Development Grants

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