financing supports construction of 40 affordable homes in golden

(DENVER) – Colorado Housing and Finance Authority (CHFA) announced today the closing of a $10 million construction loan to Habitat for Humanity of Metro Denver to support The Prosper at Golden, a forthcoming affordable condominium development that will be centrally located in Golden, Colorado.

Financing was provided through the CHFA Drive It Home – Construction Loan^sm program, which provides below-market interest rates to home builders to support new construction of for-sale homes to be sold at affordable prices for Colorado buyers. The program is supported by a $50 million bond investment from the Colorado State Treasurer, authorized through Colorado Senate Bill 25-006. The program is estimated to support the construction of 182 affordable for-sale homes across the state.

“In communities where rising home prices have put homeownership out of reach for many Coloradans, developments like The Prosper create meaningful opportunities for people to purchase a home and build long-term stability,” said Thomas Bryan, executive director and CEO of CHFA. “CHFA is glad to partner with Habitat for Humanity of Metro Denver and the many organizations helping bring these 40 affordable homes to Golden.”

The Prosper will be located at 817 14th Street in Golden near the Colorado School of Mines campus on land sold to Habitat for Humanity of Metro Denver below market rate by local faith community Calvary Church. The development will include 40 condominiums, offering a mix of one- and two-bedroom homes for under $300,000 to buyers with incomes at or below 100 percent of the Area Median Income (AMI), or approximately $115,000 annually for a two-person household. The project is being co-developed by Shanahan Development and Habitat for Humanity of Metro Denver, a nonprofit that builds, preserves, and promotes affordable homeownership opportunities throughout the region.

“The Prosper at Golden represents an exciting opportunity to expand affordable homeownership in Golden, a community where more than 95% of the workforce lives outside the city, as housing costs are increasingly out of reach,” said Jaime G. Gomez, CEO of Habitat for Humanity of Metro Denver. "This project reflects how Habitat Metro Denver is responding to evolving housing needs, ensuring that more people can afford to live and work in the communities they help make vibrant. We are deeply grateful to CHFA for being an exceptional partner whose leadership and commitment to affordable housing have helped make this vision possible.”

Additional project partners include the Colorado Department of Local Affairs (DOLA), the City of Golden, the Colorado Office of Economic Development and International Trade (OEDIT), Jefferson County, the Golden Downtown Development Authority, Colorado Gives Foundation, and Foothills Regional Housing.

Habitat estimates that applications for homes at The Prosper will open in mid-2027, and the development will be completed later next year. More information, including a link to sign up for project updates and future purchasing opportunities from Habitat for Humanity of Metro Denver, is available on the Habitat for Humanity of Metro Denver website.

Rendering of The Prosper at Golden courtesy of BVH Architecture.

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