Frequently Asked Questions
How are PATH grants funded?
PATH grants are funded with donations from community organizations, foundations, and for-profits that recognize the barriers to homeownership faced by many Colorado families, especially members of the Black and African American community. FirstBank and Colorado Housing and Finance Authority (CHFA) provided the inaugural funds to launch the PATH Grant program. Most recently, FirstBank was awarded a grant from The Colorado Health Foundation to continue the PATH program.
How can I apply?
To apply for grant funds, start by applying for a FirstBank mortgage loan. Your loan officer will explain the grant process and get things started. If you are already working with a FirstBank loan officer, contact them to start the mortgage loan application process. New to FirstBank? No problem! Simply complete the form on this page and we will be in touch soon.
When will the program end?
Grants will be allocated in accordance with PATH Grant Program rules, on a first come, first served basis, as long as funds are available or until the Program ends (whichever occurs first).
Who administers this program?
Impact Development Fund ("IDF") is a Colorado nonprofit that creates economic opportunity by delivering flexible capital to strengthen under-served communities. IDF will administer the program by issuing grant funds to eligible homebuyers.