{"id":63238,"date":"2026-06-13T05:00:37","date_gmt":"2026-06-13T03:00:37","guid":{"rendered":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/"},"modified":"2026-06-13T05:00:37","modified_gmt":"2026-06-13T03:00:37","slug":"colorados-drive-it-home-financing-kicks-off-with-affordable-condos","status":"publish","type":"post","link":"https:\/\/housesmarketplace.trio-tv.com\/ru\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/","title":{"rendered":"Colorado\u2019s Drive It Home financing kicks off with affordable condos"},"content":{"rendered":"
\n

A small condominium project in Denver\u2019s West Colfax neighborhood may be the best evidence yet that Colorado\u2019s housing reforms are producing real results.<\/p>\n

The Colorado Housing and Finance Authority this month closed a $5.7 million low-interest construction loan for Wolff Street Flats, a 23-unit affordable for-sale development by Osina Development<\/strong> \u0438 Modus Real Estate<\/strong>. It is the first project to close under CHFA\u2019s Drive It Home Construction Loan program, which draws from a $50 million bond investment authorized by bipartisan legislation enacted last year.<\/p>\n

Scott Speil, principal of Osina, told HousingWire TBD<\/em> that construction will begin next week. Completion is scheduled for August 2027.<\/p>\n

Homes at Wolff Street Flats will sell to households earning 80% of Area Median Income or less \u2014 roughly $89,000 annually for a two-person household \u2014 at an estimated average price of $285,000.<\/p>\n

Since 2024, Colorado Gov. Jared Polis has signed laws<\/a> requiring greater density near transit corridors, removing parking minimums for some multifamily housing and limiting condo construction liability. In March, he signed the HOME Act, letting schools, transit agencies and nonprofits build housing on their land regardless of local zoning.<\/p>\n

Denver upzoned long before state action<\/h2>\n

Denver rewrote its zoning code in 2010, allowing more diverse housing types in residential neighborhoods.<\/p>\n

\u201cThey did well with the rezoning,\u201d Speil said. \u201cThat really stimulated quite a bit of development and growth.\u201d<\/p>\n

Speil founded his company in 2016 to develop condos and townhomes on urban infill lots. His projects average 10 to 12 units each, selling for $550,000 to $750,000.<\/p>\n

Denver home prices skyrocketed during the pandemic as residents fled high-cost states such as California. The market is now cooling, with the median home price around $600,000 after years of rapid gains. For-sale inventory has climbed to roughly six months of supply, and mortgage rates above 6% have slowed demand.<\/p>\n

\u201cThere isn\u2019t a shortage of housing but still a shortage of affordable housing,\u201d Speil said.<\/p>\n

Wolff Street Flats is Osina\u2019s first affordable project, one Speil said would not have been feasible without state and city financing. The construction loan carries a 3.5% interest rate, well below the going rate. Osina also received a state grant and a City of Denver performance loan.<\/p>\n

\u201cIt\u2019s very expensive to build anything right now because of interest rates and construction costs,\u201d Speil said.<\/p>\n

Expanding affordability<\/h2>\n

City officials are pushing to expand affordability further. Roughly 40% of Denver\u2019s land remains zoned exclusively for single-family homes. Denver\u2019s Unlocking Housing Choices initiative proposes to legalize duplexes, triplexes and small apartment buildings in those neighborhoods.<\/p>\n

A spring 2026 public engagement process drew 843 survey responses. Many residents said financing barriers and market forces remain stubborn obstacles even where zoning allows more density.<\/p>\n

Lawmakers who backed the state financing program say projects like Wolff Street Flats prove the approach is working and a model for the state.<\/p>\n

\u201cProjects like Wolff Street Flats show how this policy translates into real homes in our communities,\u201d said Rep. Manny Rutinel, a co-sponsor of last year\u2019s legislation. \u201cIt\u2019s a practical step toward making homeownership more accessible across Colorado.\u201d<\/p>\n

CHFA spokesman Matt Lynn told HousingWire TBD<\/em> that the $50 million bond investment generated strong demand and is now fully committed. It will produce an estimated 182 affordable for-sale units statewide. The agency will report regularly to the Colorado General Assembly on the program\u2019s results as lawmakers weigh further steps to address the state\u2019s housing shortage.<\/p>\n

\u201cCHFA is considering ways the Drive it Home program may be expanded by seeking additional investment in the future from mission-driven funders, so that more units may result from the program,\u201d Lynn said.<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

A small condominium project in Denver\u2019s West Colfax neighborhood may be the best evidence yet that Colorado\u2019s housing reforms are producing real results. The Colorado Housing and Finance Authority this month closed a $5.7 million low-interest construction loan for Wolff Street Flats, a 23-unit affordable for-sale development by Osina Development and Modus Real Estate. It […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63238","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nColorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Colorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace\" \/>\n<meta property=\"og:description\" content=\"A small condominium project in Denver\u2019s West Colfax neighborhood may be the best evidence yet that Colorado\u2019s housing reforms are producing real results. The Colorado Housing and Finance Authority this month closed a $5.7 million low-interest construction loan for Wolff Street Flats, a 23-unit affordable for-sale development by Osina Development and Modus Real Estate. It […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/housesmarketplace.trio-tv.com\/ru\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/\" \/>\n<meta property=\"og:site_name\" content=\"Houses Marketplace\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-13T03:00:37+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u043c\u0438\u043d\u0443\u0442\u044b\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\"},\"headline\":\"Colorado\u2019s Drive It Home financing kicks off with affordable condos\",\"datePublished\":\"2026-06-13T03:00:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/\"},\"wordCount\":597,\"articleSection\":[\"Uncategorized\"],\"inLanguage\":\"ru-RU\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/\",\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/\",\"name\":\"Colorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#website\"},\"datePublished\":\"2026-06-13T03:00:37+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/#breadcrumb\"},\"inLanguage\":\"ru-RU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Colorado\u2019s Drive It Home financing kicks off with affordable condos\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#website\",\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/\",\"name\":\"Houses Marketplace\",\"description\":\"International Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"ru-RU\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/#\\\/schema\\\/person\\\/1276f6cf52b5de6bd341c72ea8c75b0b\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"ru-RU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\\\/\\\/housesmarketplace.trio-tv.com\\\/ru\\\/author\\\/admin\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Colorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/housesmarketplace.trio-tv.com\/ru\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/","og_locale":"ru_RU","og_type":"article","og_title":"Colorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace","og_description":"A small condominium project in Denver\u2019s West Colfax neighborhood may be the best evidence yet that Colorado\u2019s housing reforms are producing real results. The Colorado Housing and Finance Authority this month closed a $5.7 million low-interest construction loan for Wolff Street Flats, a 23-unit affordable for-sale development by Osina Development and Modus Real Estate. It […]","og_url":"https:\/\/housesmarketplace.trio-tv.com\/ru\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/","og_site_name":"Houses Marketplace","article_published_time":"2026-06-13T03:00:37+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"\u041d\u0430\u043f\u0438\u0441\u0430\u043d\u043e \u0430\u0432\u0442\u043e\u0440\u043e\u043c":"admin","\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f":"3 \u043c\u0438\u043d\u0443\u0442\u044b"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/#article","isPartOf":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/"},"author":{"name":"admin","@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b"},"headline":"Colorado\u2019s Drive It Home financing kicks off with affordable condos","datePublished":"2026-06-13T03:00:37+00:00","mainEntityOfPage":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/"},"wordCount":597,"articleSection":["Uncategorized"],"inLanguage":"ru-RU"},{"@type":"WebPage","@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/","url":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/","name":"Colorado\u2019s Drive It Home financing kicks off with affordable condos - Houses Marketplace","isPartOf":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/#website"},"datePublished":"2026-06-13T03:00:37+00:00","author":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b"},"breadcrumb":{"@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/#breadcrumb"},"inLanguage":"ru-RU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/housesmarketplace.trio-tv.com\/colorados-drive-it-home-financing-kicks-off-with-affordable-condos\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/housesmarketplace.trio-tv.com\/"},{"@type":"ListItem","position":2,"name":"Colorado\u2019s Drive It Home financing kicks off with affordable condos"}]},{"@type":"WebSite","@id":"https:\/\/housesmarketplace.trio-tv.com\/#website","url":"https:\/\/housesmarketplace.trio-tv.com\/","name":"\u0420\u044b\u043d\u043e\u043a \u0434\u043e\u043c\u043e\u0432","description":"\u041c\u0435\u0436\u0434\u0443\u043d\u0430\u0440\u043e\u0434\u043d\u0430\u044f \u043d\u0435\u0434\u0432\u0438\u0436\u0438\u043c\u043e\u0441\u0442\u044c","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/housesmarketplace.trio-tv.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"ru-RU"},{"@type":"Person","@id":"https:\/\/housesmarketplace.trio-tv.com\/#\/schema\/person\/1276f6cf52b5de6bd341c72ea8c75b0b","name":"\u0430\u0434\u043c\u0438\u043d\u0438\u0441\u0442\u0440\u0430\u0442\u043e\u0440","image":{"@type":"ImageObject","inLanguage":"ru-RU","@id":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/140237897fb8310eb02b9e9e60bc4c80ec8ee5e10f4896a3c4d6b98a92bf825e?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/housesmarketplace.trio-tv.com\/ru\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts\/63238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/comments?post=63238"}],"version-history":[{"count":0,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/posts\/63238\/revisions"}],"wp:attachment":[{"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/media?parent=63238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/categories?post=63238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/housesmarketplace.trio-tv.com\/ru\/wp-json\/wp\/v2\/tags?post=63238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}