Community Development Block Grant (CDBG)
Thornton receives Community Development Block Grant funds each year from the U.S. Department of Housing and Urban Development (HUD) to use for housing and community development programs or projects that benefit low- and moderate-income residents. Projects may be completed by the City or through partnerships with nonprofits and housing service providers. Thornton has been receiving these funds since 1986 and new CDBG projects are approved each year by City Council. Neighborhood Services accepts applications for this grant funding each year. If you have a project idea, give us a call at 303-538-7600 or send us an email at email@example.com.
Home Investment Partnership Program (HOME) Funds
This funding source supports homeownership and affordable housing programs or projects that serve low- and moderate-income individuals and families. HOME funds can be used to build, buy, and/or rehabilitate affordable housing or provide direct rental assistance to income eligible people. Nonprofit organizations and government agencies with potential projects are eligible to apply for the funding.
Thornton Assistance Funds
Since 1983, the City of Thornton has provided grant funds to assist nonprofit organizations that help Thornton residents meet their basic needs and enhance their ability to be self-sufficient. Basic needs are identified as food, housing, health and medical, or human services. Nonprofit organizations that help people move from relying on private or public assistance to providing for one's own needs is also eligible for funding. A committee of residents reviews the grant applications and makes a recommendation to City Council.
Private Activity Bonds
The City Council will assign $7,079,363 in Private Activity Bonds (PAB) to an affordable housing project in Thornton. These tax-exempt bonds offer low cost financing for projects that create jobs and expand the City's tax base. Private Activity Bonds are a widely accepted method for generating and leveraging capital in Colorado. Private or nonprofit housing developers should contact 303-538-7600 if you are interested in these bonds. Neighborhood Services is currently accepting letters of interest for the Private Activity Bond allocation; the deadline is June 8.