Project I See You Homeowner Grant (Shared Power Initiative)

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Project I See You Homeowner Grant (Shared Power Initiative) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

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

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, 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.

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Cohort enrollment plus Grant Request Form submitted near closing; awards made by Shared Power Committee based on available funds, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.