The City of Grand Junction is accepting Letters of Request (LOR) for its Affordable Housing Incentive Program, aimed at providing a fiscal incentive for the development of affordable housing units within the community.
Developers interested in being considered for the incentive must submit a formal LOR between June 1 and July 1, 2025, to be considered for the Incentive Program in the 2026 budget year. The incentive provides that the city will pay, on behalf of Affordable housing projects, development impact fees (such as transportation, police, fire, and parks), plant investment fees for City water and sewer services. These incentives are designed to reduce financial barriers, making it more feasible for developers to create Affordable housing units that remain accessible to lower-income residents over the long term.
LOR submission requirements include submitting project details, funding timeline, unit mix, affordability levels and other relevant details. To ensure a comprehensive application, developers are encouraged to schedule a pre-submittal meeting with the City's Housing Division for feedback and technical assistance.
To receive the incentive, projects must ensure long-term affordability, such as a minimum 30-year affordability term enforced through mechanisms like deed restrictions or land use covenants. In 2025, the City approved $200,578 in general fund dollars to support the incentive program for housing units to be constructed by Habitat for Humanity Housing Resources of Western Colorado for up to 18 affordable units.
More information on the Affordable Housing Incentive Program, to schedule a pre-submittal meeting or learn about other housing initiatives visit the city’s website at gjcity.org or contact housing@gjcity.org.