Project I See You Homeowner Grant (Shared Power Initiative)

Project I See You Homeowner Grant (Shared Power Initiative) is a grant for homebuyers in Statewide, Colorado. Project I See You is a Colorado-based nonprofit empowering women — with a documented focus on BIPOC (Black, Indigenous, and People of Color) women — through education, community, and direct financial support on the path to first-time homeownership and small-business ownership. The Shared Power Initiative, launched in 2021, accepts grant applications from women in Colorado who are buying their first home on their own. Participants join a Cohort group that meets three Fridays per month via Zoom (plus one in-person monthly session) to receive education from expert speakers, build peer connections, and prepare for closing. As the participant nears closing on her home, she submits a Grant Request Form; the Shared Power Committee reviews available funds and awards a true (non-repayable) grant. As of recent reporting, 100 women have received or been committed grants through Shared Power. Direct cash grant (true grant, no repayment) awarded near closing to women in Colorado purchasing their first home on their own. Grant amount is determined per recipient by the Shared Power Committee based on funds available and the applicant's gap. Grant can be applied to down payment, closing costs, or other gap-closing expenses. Funding comes from Private, Nonprofit, Donations, and Foundation Grants.

Project I See You Homeowner Grant (Shared Power Initiative) is structured as a grant, so it is not repaid. Repayment is triggered by None — true grant and no repayment required. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Project I See You Homeowner Grant (Shared Power Initiative) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer (purchasing first home on her own); program targets sole-female-buyer scenarios — applicants previously co-owning with a spouse may qualify on a case-by-case basis. On credit, the program states: 620 minimum FICO (Freddie Mac DPA One record); subject to paired first-mortgage lender underwriting. A homebuyer education course is required, through Project I See You Cohort group: weekly Friday evening Zoom sessions plus one in-person monthly session, three Friday Zooms per month — covers expert speakers, peer connection, and Q&A on the homeownership journey. Residency requirement: Colorado residency required; property purchased anywhere in Colorado. Citizenship or immigration status: Per paired first-mortgage product overlays. Applicants must (a) be a woman, (b) reside in Colorado, (c) be in the process of buying their FIRST home on their own (first-time, sole-buyer), and (d) participate in the Shared Power Cohort. Cohort meets three Friday evenings per month on Zoom 6-8 p.m. plus one monthly in-person session. Once the participant goes under contract or approaches closing, she submits a Grant Request Form to the Shared Power Committee, which determines the grant award based on available funds. Project I See You's broader mission focuses on empowering BIPOC and underserved women — while not an exclusive eligibility filter, BIPOC women are a documented priority population and the Shared Power Initiative is housed within an organization explicitly focused on BIPOC homeownership equity. Verify current eligibility specifics directly with Project I See You staff.

Project I See You Homeowner Grant (Shared Power Initiative) sets its income limit as follows: No published income limit. Eligibility is centered on demonstrated need, sole-female first-time-homebuyer status, and Cohort participation rather than a HUD AMI cap. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Project I See You Homeowner Grant (Shared Power Initiative) caps the purchase price as follows: Not published; gated by first-mortgage qualification. Eligible property types include Single-family detached, Townhome, Condominium, and Manufactured home (per first-mortgage product overlays). New construction is eligible. Manufactured homes are eligible.

Project I See You Homeowner Grant (Shared Power Initiative) serves homebuyers purchasing in Statewide, Colorado.

Applications for Project I See You Homeowner Grant (Shared Power Initiative) go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Cohort enrollment plus Grant Request Form submitted near closing; awards made by Shared Power Committee based on available funds. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.