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Multifamily Program Compliance eNews Archive
This week the Colorado General Assembly passed two key bills that will strengthen affordable housing investment in Colorado starting in 2024 and continuing through 2031.
Johnson has served as director of community development and a member of CHFA’s leadership team since 2010, and he has been with the organization since 1996.
Over the weekend, legislators worked diligently to continue their efforts in anticipation of the May 8, 2024 deadline for business.
Applications for CHFA’s Direct Effect Awards are due today, April 26th, by 11:59pm MT.
CHFA is asking our community to reach out to members of Colorado’s House Appropriations Committee today to urge their support for HB24-1434 that expands and strengthens the state Affordable Housing Tax Credit (AHTC).
Passage of HB24-1434 is critical to ensuring Colorado continues its existing momentum and does not move backwards as gap funds availability face increasing pressure and development costs continue to rise.
CHFA is pleased to report that HB24-1434, which proposes to expand and strengthen the state affordable housing tax credit (AHTC), passed out of the House Finance Committee on Thursday unanimously with bipartisan support!
On April 1, 2024, HUD released updated Multifamily Tax Subsidy Program income limits. The 2024 income limit and maximum rent tables for Colorado are now available on CHFA’s website.
HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by: $20 million in 2024-2026; $16 million in 2027-2029; and $10 million in 2030-2031.
Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.
In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023. Highlights include how CHFA increased community engagement, strengthened programs, surpassed several organizational records, and was proud to assist Coloradans by:
CHFA is pleased to announce the dates for its 2024 Direct Effect Awards. Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.
CHFA is requiring that Annual Owner Certifications for the Housing Tax Credit and CHFA multifamily loan programs be submitted through Insight, which requires Owner registration to electronically submit and sign.
HUD published an adjusted passbook savings rate of 0.40 percent, effective January 1, 2024. The new passbook rate is now required for all HTC and CHFA Loan tenant income certifications. CHFA has revised our current Tenant Income Certification (TIC) form so that owners may apply the current rate.
CHFA is pleased to report that the 2024 Tax Bill—which includes provisions to expand and enhance the affordable housing tax credit—passed the House last night with strong bipartisan support! Thank you to all who reached out to your members of Congress.