Home Rental Housing Multifamily Lending Project Examples

Mixed-Use

An example of a CHFA Multifamily Lending Mixed Use project.

Vina Apartments
Vina Apartments
CHFA Customer
Denver, Colorado

Vina Apartments, Denver

Purpose

New construction of 150 units for families

Who the Project Serves

The property serves families earning between 30 and 80 percent Area Median Income.

Community Impact

The property is located within the Elyria-Swansea neighborhood and is part of the Urban Land Conservancy’s six-acre master-planned development, which features a 99-year ground lease to help maintain long-term affordability for residents. The project houses the new headquarters of long-term neighborhood anchor, Clinica Tepeyac, a Federally Qualified Health Clinic (FQHC). Additionally, there is 7,000 square feet for a fresh food retail grocery store. Twenty-five percent of the units will be set aside to serve individuals with disabilities. 

Project Partners

Columbia Ventures and New Columbia Residential are the co-sponsors and new CHFA partners.

  • Citibank 
  • Denver HOST 
  • Colorado Division of Housing

How We Got the Deal Done

Pair with These CHFA Programs

Just like CMF, our other gap program, CHFA Housing Opportunity Fund  (CHFA HOF), can be paired with the 4 percent Housing Credits and state Credits as subordinate debt, as long as the debt coverage and other underwriting terms conform to CHFA Credit Policy.

Contact Multifamily Lending

Questions? Our solution-oriented team will help you find the right program to make your project a success. 800.877.2432 

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