Middle Income Housing Authority

Program Summary

The Middle Income Housing Authority (MIHA), established by SB22-232, (PDF) and amended by SB23-035, (PDF), is an independent special-purpose authority created to support  affordable rental housing projects for middle-income workforce throughout Colorado.

The Authority is governed by a board of directors appointed by the Governor with the consent of the senate, with the addition of two non-voting members of the General Assembly. Rental units in MIHA projects must provide middle-income workforce housing, defined as 80% to 120% area median income (AMI) with stable rents. Some exceptions are allowed to go above or below the AMI limits.

The Authority is a "public entity" and is a "special purpose authority" for the purpose of TABOR.

The Authority is authorized to exercise the powers necessary to acquire, construct, rehabilitate, own, operate, and finance affordable rental housing projects, including but not limited to:

• To issue tax-exempt bonds in connection with its affordable rental housing projects payable solely from revenues from affordable rental housing projects and with no recourse to the state;
• To enter into public-private partnerships and to contract with experienced real estate professionals to develop and operate affordable rental housing projects;
• To employ its own personnel or contract with public or private entities, or both, for services necessary or convenient to the conduct of all of the Authority's activities;
• To provide assistance to tenants in its rental housing to enable a transition to homeownership; and
• To establish one or more controlled entities to carry out its activities.
   

For general inquiries please email info@coloradomiha.com.

To learn more about MIHA and to access important application information, dates, and events, please visit the Colorado Middle Income Housing Authority (MIHA) webpage.

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