Colorado Middle Income Housing Authority (MIHA)
Colorado Middle Income Housing Authority program funded by SB22-232
The application window for the Letter of Intent (LOI) for the pilot phase has closed.To receive updates on MIHA and any future opportunities, please sign up for our mailing list!
About MIHA
Established by SB 22-232, the Colorado Middle Income Housing Authority (MIHA) is a special purpose authority whose objective is to promote, build, own, and operate affordable rental housing for middle-income individuals and families throughout Colorado.
The Need
Middle-income, essential workers1 in Colorado face a rising shortage of affordable housing—a gap that is unfilled by private market development and existing affordable housing programs.
1 Essential workers include nurses, teachers, firefighters, and other members of communities who earn too much to qualify for governmental housing subsidies and for whom the market is not building new housing. (Source: SB22-232)
In order to keep up with demand, Colorado needs an influx in the supply of housing units between now and 2030.
Program Priorities
Increase the supply of affordable workforce housing
Enable new approaches to meeting employer talent needs and developing pathways to economic opportunity
Fund innovative housing proposals that leverage both public and private capital
About the MIHA Board
The MIHA Board consists of experts in middle-income housing initiatives, including real estate developers, real estate transaction experts, public financiers, housing nonprofit representatives, county commissioners, housing authority representatives, community advocates, and experts in community engagement.
Pilot Program
On March 31, 2023, MIHA launched an initial pilot solicitation, seeking applications from projects that serve a majority middle-income population.1 The purpose of this pilot program is to not only bring more middle-income housing units to market, but also to set up the infrastructure for MIHA to scale beyond the pilot.Project sponsors will receive financing opportunities such as access to tax-exempt bonds and property/sales tax exemptions. Developers will be expected to bring their own capital stack as well.As of May 1, 2023, the application window for the Letter of Intent (LOI) for the pilot phase has closed.
1 80-120% county area median income (AMI); 80-140% AMI for rural resort communities
Process and Timeline
The solicitation process for the pilot phase consists of a Letter of Intent (LOI) followed by a formal invitation to apply via a Request for Application (RFA).As of May 1, 2023, the application window for the Letter of Intent (LOI) for the pilot phase has closed.
| Date | Activity |
|---|---|
| 3/31/2023 | Letter of Intent for the pilot phase is live on the MIHA Application Portal |
| 5/1/2023 | Letters of Intent for the pilot phase are due no later than 11:59 p.m. MT |
| 5/15/2023 | Selected organizations will be advanced and invited to respond to a formal Request for Application for the pilot phase |
| 6/12/2023 | Applications for the pilot phase are due no later than 11:59 p.m. MT |
| 6/30/2023 | Applicants will be notified whether or not their project plan has been conditionally selected for the pilot phase. Applicants selected to move forward will be invited to interviews and the underwriting stage. |
Note: Timeline and process are subject to change. Any changes will be communicated to applicants in advance.
To receive updates on MIHA and any future opportunities, please sign up for our mailing list.
Resources
The below Resources were shared with applicants for the LOI process, which has closed.Invited applicants applying for the RFA should view application resources shared over email.
MIHA in the News
News and articles on MIHA will be posted here as they are released.
Upcoming Events
None scheduled at the moment. Check back later for updates!
Past Events
Stakeholder Event (In-Person)
Date: February 28, 2023 | 2:00-4:00 PM MT
Location: Gary Community Ventures, 1705 17th St #200, Denver, CO 80202Stakeholder Event (Virtual)
Date: March 1, 2023 | 2:00-4:00 PM MT
Location: Zoom
Links & Resources to Support Applicants
Legislation
OEDIT: Middle Income Housing Authority
Colorado SB 22-232: Creation Of Colorado Workforce Housing Trust AuthorityHousing in Colorado
Colorado DOLA: 80% Area Median Income By County and Household Size - 2022
Bell Policy Center: Colorado Housing PrimerCommunity Need & Support
Urban Institute: Seven Ways to Improve Community Involvement in Local Policymaking
Frequently Asked Questions
Click here to access the FAQs.Note that this is a living document and will continue to be updated as we receive more applicant questions.
Contact Us
If you need assistance, please fill out the below contact form in order to reach Customer Service.