Strong economic development includes incentivizing job creation, capital formation, and providing business support and should go hand in hand with the development of attainable housing. The Colorado Office of Economic Development and International Trade (OEDIT) helps implement a range of programs designed to create good-paying jobs while also growing the supply of affordable and attainable housing for families at all income levels.
We work in partnership with the Governor’s Office, the Division of Housing (DOH) in the Department of Local Affairs (DOLA), the Colorado Housing and Finance Authority (CHFA), the Colorado Energy Office (CEO) and other state agencies to administer and staff the following programs:
Programs and Funding
Commercial Historic Preservation Tax Credit (HPTC)
The Historic Preservation Tax Credit program offers transferable tax credits of up to $1 million for the qualified restoration of historically designated commercial properties over 50 years old.
Innovative Housing Incentive Program (IHIP)
This program helps address Colorado’s housing shortage by supporting the development and expansion of the state’s innovative housing manufacturing businesses.
Middle Income Housing Authority (MIHA)
This is an independent special-purpose authority for promoting affordable rental housing projects for middle-income workforce housing. OEDIT is providing staff support for the implementation of MIHA.
Created the Colorado Affordable Housing Financing Fund to support affordable housing.
Space to Create
Through the Colorado Creative Industries, this program assists communities with the development of affordable live-work and commercial spaces.