A Grand Junction company is among the recipients of the latest grants promoting the development of attainable housing across Colorado.

Phoenix Haus is among three Colorado-based panelized manufacturers to receive grants through the Innovating Housing Incentive Program.

The incentives division of the Colorado Office of Economic Development and International Trade manages the program. The latest grants are expected to incentivize the addition of 606 attainable housing units.

“We need more housing now, and our administration is stepping up to provide this third round of grants to help create 600 new housing units in Colorado starting at $300,000,” said Colorado Gov. Jared Polis. “This new housing will help support Colorado’s workforce, economy and ensure our state remains a place where people can live where they want to live — close to their jobs, schools, the places they love or where they grew up.”

The grants range from $680,000 to $13 million in performance-based funding and include two funding mechanisms: a reimbursement for 20 percent of eligible operating expenses and per-unit incentives up to $6,000 for every housing unit built and installed in Colorado.

Phoenix Haus was awarded up to $710,000 for the construction of 90 housing units.

The prefabricated house designer and manufacturer specializes in environmentally friendly homes that can be used by multiple generations. The company uses manufacturing processes that increase quality and output and result in prefabricated building systems that meet the highest environmental and energy standards. A new home from Phoenix Haus is projected to cost around $500,000.

Phoenix Haus relocated from Detroit to Grand Junction in 2017 and was approved to participate in the Rural Jump Start Program offering credits on income and sales taxes.

The company outgrew its original facility and relocated last year to a larger facility that offers twice the space and allows for increased production to meet increasing demand.

Phoenix Haus was among the 50 winners in the 2021 Colorado Companies to Watch program honoring fast-growing privately held firms headquartered in the state.

The other grant recipients were Timber Age Systems in Durango and Huron Components in Littleton. Timber Age Systems was awarded $680,000. Huron Components was awarded $1.3 million.