Prop 123 in Rio Grande County
Since 2023, 17 Prop 123 awards have reached Rio Grande County, worth about $4.9M here. That is $440 per resident, the 7th highest of Colorado's 64 counties.
Where it is
Rio Grande County in red, with the rest of the San Luis Valley region shaded.
What the money does here
- Build affordable rentals$3.7M
Low-cost loans and equity for new and preserved rental homes, supportive housing and modular home factories.
- Help families own$667K
Homes for sale, down payment help, home repairs and resident-owned mobile home communities.
- Keep people housed$189K
Emergency rental assistance, homelessness services, youth housing and tenancy support.
- Plan for future homes$325K
Land banking, predevelopment and local planning so communities can build more.
9 of these awards serve several counties. Their dollars, homes and households are split evenly among those counties in the totals above.
Awards reaching Rio Grande County
Largest first, at their full amount. 3 arrived in the July 2026 data.
- Alpine Valley ApartmentsAffordability-Driven Investment · FY25 · JRA Real Estate, LLC$3.7M26 homes
- SLV SFOO Home RehabilitationSingle Family Owner Occupied (SFOO) · FY26 · San Luis Valley Housing Coalition, Inc. · shared by 6 counties$1.0M16 homes
- Sawmill Meadow VillasHomeownership · FY24 · San Luis Valley Housing Coalition, Inc.$500K10 homes
- Mt. Carmel Veterans Service CenterHomelessness Resolution Program (HRP) · FY24 · shared by 7 counties$200K83 households
- Catholic Charities of Central ColoradoHomelessness Resolution Program (HRP) · FY25 · shared by 7 counties$180K83 households
- Springs Rescue MissionHomelessness Resolution Program (HRP) · FY25 · shared by 6 counties$180K3,200 households
- La Puente HomeHomelessness Resolution Program (HRP) · FY26 · shared by 6 counties$165K467 households
- La Puente HomeHomelessness Resolution Program (HRP) · FY25 · shared by 6 counties$160K550 households
- Center, Town ofLocal Planning Capacity (LPC) · FY25 · shared by 2 counties$160K
- La Puente HomeHomelessness Resolution Program (HRP) · FY24 · shared by 6 counties$150K381 households
- Mt. Carmel Veterans Service CenterHomelessness Resolution Program (HRP) · FY25 · shared by 7 counties$145K60 households
- Monte Vista, City ofLocal Planning Capacity (LPC) · FY25$70K
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- Del Norte, Town ofLPC Incentive · FY26$50K
- Monte Vista, City ofNewLPC Incentive · FY26$50K
- Cherry StreetNewPredevelopment (AHOP) · FY26 · Town of Del Norte$50K
- Monta Vista URANewPredevelopment (AHOP) · FY25 · City of Monte Vista$25K
- CERA: Rio Grande CountyColorado Emergency Rental Assistance (CERA) · FY26$4.5K1 households
Local promises
These 5 local governments in Rio Grande County committed to adding 93 affordable homes by the end of 2026, so they can use Prop 123 money.
- Monte VistaCity48 homes
- CenterTownAlso in Saguache32 homes
- Del NorteTown7 homes
- Rio Grande County3 homes
- South ForkTown3 homes