In an effort to make more inexpensive housing quicker, Colorado officials are looking at modular homes — housing that’s typically constructed in a factory and later assembled on site.
They also want them built in Colorado.
Gov. Jared Polis, Colorado’s economic development office and the state housing financing authority this week announced loans for eight developers to build 4,755 modular homes annually across the state, including in Denver and Aurora.
The loans amount to nearly $38 million with below-market interest rates, state officials said.
The loans went to three longtime housing manufacturers in the state, two Colorado startups and three out-of-state recruits, state officials said. Together, the companies will create 1,280 jobs in Colorado.
Littleton-based Huron Components and California’s 3D home printer Azure Printed Homes will build units out of Denver, state officials said. And Vederra Building Systems will redevelop a factory in Aurora to support building more energy-efficient modular homes, the company announced Friday.