multifamily program compliance enews

On Saturday, June 14, 2025, CHFA will be updating the NextGen system to accept tenant certifications with the required HOTMA rules and functionality, effective July 1, 2025.

Topics • Compliance Forms for Housing Tax Credit and Multifamily Loan Programs Updated for HOTMA • Upcoming HOTMA Training Through chfareach

Multifamily property management can be challenging, from recruiting and retaining staff, to being asked to do more with less. We want to help with a new resource you can use to help onboard, train, and retain property management staff.

On April 1, 2025, HUD released updated Multifamily Tax Subsidy Program income limits. The 2025 income limit and maximum rent tables for Colorado are now available on CHFA’s website.

CHFA is pleased to announce the dates for its 2025 Direct Effect Awards.

The 2024 Annual Owner Certifications (AOCs) for the Housing Tax Credit and CHFA multifamily loan programs are now available in Insight. Management agents may prepare the form, but the form requires the Owner to electronically submit and sign.

CHFA requires that Annual Owner Certifications (AOCs) for the Housing Tax Credit and CHFA multifamily loan programs be submitted through Insight, which requires Owner registration to electronically submit and sign.

Wishing you every happiness this holiday season and throughout the coming year.

CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development.

We are interested in your experiences using the CHFA website. We would like to invite you to participate in an anonymous survey to help us ensure that chfainfo.com is user-friendly, up-to-date, and meets your needs.

As CHFA’s Board Chair, I can say without question that Cris will be tremendously missed. We trust and value Cris’ leadership and the culture of excellence he has cultivated during his tenure. His impact has been transformational for CHFA and its mission.

Earlier today, I shared with the Board of Directors my intention to retire as CHFA’s Executive Director and CEO effective March 2025.

On September 20th, HUD’s Office of Multifamily Housing Programs (MFH) published Housing Notice H 2024-09, which extends the date that Owners must be fully compliant with Sections 102 and 104 of the Housing Opportunity Through Modernization Act of 2016 (HOTMA) to July 1, 2025.

In August 2024, HUD announced its inflationary adjustments for income and assets and the passbook rate that will take effect on January 1, 2025. These adjustments were put in place by the Housing Opportunity Through Modernization Act of 2016 (HOTMA).

Applications for CHFA’s Direct Effect Awards are due today, September 13th, by 11:59pm MT.