CHFA’s Asset Management Division

• ensures the long term affordability of CHFA’s multifamily assets.
• serves as the Section 8 performance-based contract administrator for U.S. Housing and Urban Development (HUD).
• monitors compliance with the Low Income Housing Tax Credit (LIHTC) program and other federal affordable housing programs.

Multifamily portfolio

The Asset Management Division monitors all multifamily developments financed by the Authority in order to preserve their value, ensure they maintain their affordability structure, and protect the quality of housing and supportive services.  

The Authority’s current multifamily portfolio consists of approximately 52,000 units in approximately 762 developments throughout Colorado. These include CHFA-owned developments (referred to as the Rental Acquisition Program, or RAP), Section 8 developments, other HUD-insured developments, Low Income Housing Tax Credit developments, and various other affordable housing developments financed through CHFA's Rental Finance programs.

An Asset Manager monitors each development or loan in the portfolio, ensuring compliance with regulatory agreements, land use restrictions, management agreements, LIHTC, Federal Housing Administration/HUD and other federal requirements, as well as Authority procedures.  This monitoring process is designed to long term, quality affordable housing to residents and protect the Authority's assets while simultaneously protecting our bondholder's investments.

Borrower relationships

CHFA's servicing and monitoring relationship with its multifamily borrowers is proactive.  We are interested in the ongoing financial and physical well being of each of the properties in our portfolio and are also available to offer advice and ideas on topics such as energy efficiency, supportive services, tax assessments, insurance costs, capital needs, tax credit compliance issues and the future of rental subsidy programs that may be dependent on your property.