Economic Impacts on the State of Colorado

According to the Colorado Housing Investment Trust Fund Impacts Report, a $26.5 million investment fund will produce 3,400 affordable housing opportunities, create 3,200 jobs, generate $334 million in economic activity and realize $26 million in tax revenue annually, with $13 million to local governments.

The construction and real estate industries alone would experience direct, indirect and induced economic impacts of $290 million and the creation of 2,804 jobs annually.

Each dollar of equity investment in a trust fund would leverage an additional ten dollars of public and private investment in affordable housing.

Formerly rent-burdened households will have average annual savings of approximately $2,400 per household. This will help low-income families become more self-sufficient.

Colorado’s economic development efforts will receive a needed boost by supplying affordable housing near employment centers, enhancing our competitive positioning for future business.

We welcome you to view the full Colorado Housing Investment Fund Report more information about its economic imacts on the State of Colorado.