CHFA Newsroom

CHFA is pleased to announce 12 developments were awarded a reservation of federal 9 percent Housing Tax Credits to support the new construction of 592 affordable apartments.

CHFA is donating $440,500 to 34 nonprofits through its Direct Effect program in round one, which received more than 40 applications. The average grant award amount is $12,956 and the maximum grant award amount is $25,000.

CHFA is proud to announce its new Building the Future Scholarship Fund, which dedicates $1.2 million to support college education across Colorado. The multiphase, multiyear fund will provide up to 260 scholarships to be awarded over 10-year periods.

Colorado Housing and Finance Authority is pleased to announce the appointment of officers to its Board of Directors for the 2022-2023 term.

CHFA is donating $18,035 to the Family and Intercultural Resource Center (FIRC), a nonprofit organization that serves Summit County families by providing education and financial resources. FIRC is a community leader in cultural integration, resource and referral services, emergency services, family support, and early childhood development.

CHFA is proud to announce its Round Two 2021 Direct Effect Award recipients. 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.

CHFA is pleased to announce 14 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,373 affordable apartments.

CHFA's annual David W. Herlinger Golf Tournament raised $75,000 for Second Chance Center, Inc. (SCC) on Wednesday, September 29, 2021. SCC's mission is to help formerly incarcerated people transition to lives of success and fulfillment.

The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $35 million in New Markets Tax Credits (NMTC). The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded $5 billion in NMTC to 100 entities throughout the nation.

CHFA has named Second Chance Center (SCC) as the beneficiary of its 2021 David W. Herlinger Golf Tournament. SCC's mission is to help formerly incarcerated people transition to lives of success and fulfillment.

CHFA is pleased to announce 13 developments will be awarded a reservation of federal Housing Tax Credits to support the new construction of 882 affordable apartments. These developments will seek to address various housing needs in Colorado, including those of veterans, formerly homeless individuals and families, and older adults.

CHFA is pleased to announce that Amber Hills, president of FirstBank’s Southwest Market, has been named chair of CHFA’s board of directors. CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development. 

CHFA is pleased to announce Heather Schell has been selected to serve as CHFA’s general counsel and assistant secretary. CHFA’s board of directors appointed Schell in December 2019 following a nationwide search.

CHFA and RentTrack, the multifamily leader and pioneer of reporting rent payments to all three credit reporting agencies, today announce a shared housing and credit solution pilot program. House Bill 21-1134 created the Tenant Credit Reporting Pilot Program, which will be administered by CHFA. The program invites landlords and renters at their properties to voluntarily participate, and aims to emphasize renter populations that are underserved and under-represented in homeownership.

Today, the Colorado Department of the Treasury, Colorado Housing and Finance Authority (CHFA), and Office of Economic Development and International Trade (OEDIT) launched the Colorado Loans for Increasing Mainstreet Business and Economic Recovery (CLIMBER). CLIMBER is a statewide loan fund that will provide up to $250 million in working capital to Colorado small businesses through 2023.

Downtown Colorado Inc. selected four San Luis Valley communities to participate in the 2021 Colorado Challenge Accelerator Program as well as the IN THE GAME: Small Town Challenge Studios April 27-30.

We have a financing option for you - Our comprehensive suite of flexible financing programs allows us to find the right fit for your property and help you reach your goals.

CHFA has completed its first allocation round of 2022. Twenty-six applications were received seeking a total of $32.3 million in federal 9 percent credit.

On May 26th, the Division of Housing, Colorado Housing and Finance Authority, and Kutak Rock are offering an informative webinar for all local officials, developers, and others who want to learn how to use Private Activity Bonds (PAB).

Multifamily Program Compliance has updated CHFA’s utility allowance policy for Housing Tax Credit and CHFA multifamily loan developments. Specific changes include the following.

May Highlights Why Fair Housing Still Matters, Webinar │ May 3, 2022 Fair Housing training is common, so one might wonder why we must repeat this requirement so long after the implementation of the Fair Housing Act.

The Colorado 2022 income limit and maximum rent tables published on CHFA’s website on April 22, 2022, have been updated to include HERA limits in the additional nine counties listed below. These limits were inadvertently

Being financially fit is important, especially for prospective homebuyers, and includes assessing and/or building your understanding of saving, earning, borrowing, investing, and protecting your money wisely.

The 2022 Housing Credit Application (2022 V.4.1) has been updated with the 2022 rent and income limits and is now available on the website. Older versions of the application will no longer be accepted.

CHFA is proud to announce its Round One 2022 Direct Effect Award recipients. CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s vision.

On April 19, 2022, HUD released updated Multifamily Tax Subsidy Program income limits. The 2022 income limit and maximum rent tables for Colorado are now available on CHFA’s website.

Lender Basics (Loan Officers) Live webinar • May 4 • 10:00am Learn about CHFA programs in this two hour class. Strongly recommended for loan officers. To register, please click here. Lender Basics (Loan Officers) Live webinar • May 19 • Noon To register, please click here. Lender Basics (Loan Officers) Live webinar • May 19 • Noon Learn about CHFA programs in this two hour class. Strongly recommended for loan officers.

Take a peek “behind the curtain” with our comprehensive loan process documentation. We provide these documents to help you feel informed and to help ensure a streamlined loan approval process.

All staff at risk of potential exposure to bodily fluids should consider attending “Bloodborne Pathogens.” In this training we will satisfy the OSHA regulation "Toxic and Hazardous Substances, Bloodborne Pathogens."

The Housing Tax Credit world can be difficult to follow, and even tougher to negotiate. Join us for a half-day intensive that will give you everything you need to get started.

CHFA is excited to announce a newly available feature for residents of multifamily properties in CHFA’s portfolio when they contact CHFA. We have partnered with Language Line Solutions to offer interpretation services in 240 languages.

Upcoming Trainings: CHFA has four upcoming online trainings to explore different aspects of the Developer’s Guide. Click the class names below to learn more and register.

As you’ve noticed, CHFA interest rates have been changing due to the market. It’s important to remember CHFA’s policies and procedures.

CHFA is pleased to announce the publication of a revised and updated CHFA Seller’s Guide. This version is a comprehensive update of the guide and incorporates recent CHFA program and process changes.

CHFA’s 2021 housing tax credit scorecard is now available. In 2021, the housing tax credit program received a total of 44 applications with over $53 million in requests for competitive tax credits.

When you buy a home, one of the most anticipated upfront costs is the down payment. Many believe they need to put 10 to 20 percent down, but that is not the case with many assistance options available.

On Tuesday, March 29, the Senate Local Government committee will consider SB22-146 sponsored by Senator Rachel Zenzinger and Senator Dennis Hisey, as well as Representatives Marc Snyder and Marc Caitlin.

Risk Management for Housing and Community Development Projects, Online Workshop │March 28 to April 1, 2022 Are you crossing your fingers and hoping you don't need a risk management plan? Perhaps the first thing you need is this course!

•CHFA Small-scale Housing Technical Assistance Applications Now Being Accepted •Colorado General Assembly Advances Affordable Housing Legislation •Direct Effect Award Powers Up Food Truck Program in Grand Junction •Habitat Metro Denver Receives Transformational $13.5M Donation •FirstBank Grows Down Payment Grant Program •Affordable Housing Developer's Guide Trainings

CHFA does not always require tax returns; read important reminders below for details. When tax returns are required, CHFA will require a 2021 tax return for loans locked on or after April 18, 2022. A full transcript or a copy of the filed tax

CHFA was proud to recently fund $1.42 million in SIMPLE permanent financing to support Mountain View Townhomes in Pueblo. SIMPLE offers a 35-year term, which provides more cash flow to the project.