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2021 Community Report cover image

CHFA's 2021 Community Report

CHFA’s 2021 Community Report is now available. In the report, learn how CHFA invested $3.1 billion to support affordable housing and community development in 2021.

Featured Articles


CHFA Impact Report

This monthly report provides a year-to-date snapshot of CHFA’s investments to support affordable housing and community development throughout Colorado, along with related narratives and analyses. An archive is also available from the current month's report. 

All
September 28, 2022

CHFA has been awarded a $501,942 grant to support housing counseling agencies located throughout Colorado. CHFA’s grant was awarded from the HUD Office of Housing Counseling.

September 27, 2022

CHFA Donates $732,000 to 54 Nonprofits with Round Two Direct Effect Awards; Golfers Raise $75,000 for Rocky Mountain MicroFinance Institute; Small-scale Housing Technical Assistance Program Receives 24 Pre-applications in Round Two; Summer Outreach

September 27, 2022

On August 1st, CHFA’s Community Development Division spent their team outing visiting Gateway South Apartments, a 92 two- and three-bedroom unit community for those earning between 30 and 120 percent AMI in the Sun Valley neighborhood in Denver.

September 27, 2022

Finding an affordable option for homeownership in Colorado can be a challenge with high home prices and inventory strain; however, there are unique programs designed to help bring affordability within reach.

September 26, 2022

Information on upcoming training offered by CHFA Home Finance in October 2022.

September 26, 2022

The site visits and audits for multifamily Section 8 properties, known as MORs, have been moved to a new risk-based management and occupancy review schedule. Effective September 26th, HUD has streamlined

September 22, 2022

This workshop is an opportunity for those who have completed Division of Housing's "HOME Funds Compliance" on-demand webinar to ask follow-up questions and work through several household income scenarios related to the webinar series.

September 14, 2022

Registration closes on September 23 for “Mastering LIHTC Compliance with Optional HCCP.”

September 13, 2022

The second draft of the Housing Tax Credit Qualified Allocation Plan (QAP) is now available along with a summary of changes. Written comments will be accepted through October 1, 2022, and can be submitted here

September 8, 2022

Colorado is returning to pre-pandemic activities. To this end, CHFA is also transitioning back to our pre-pandemic homebuyer education model. So, what’s changing?

September 6, 2022

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 previously announced via CHFA eNews announcements, webinars, and program matrices.

September 2, 2022

CHFA's annual David W. Herlinger Golf Tournament raised $75,000 for Rocky Mountain MicroFinance Institute (RMMFI) on Wednesday, August 31, 2022. RMMFI is a Denver-based nonprofit and Community Development Financial Institution

Golfers Raise $75,000 for Rocky Mountain  MicroFinance Institute thumbnail
September 1, 2022

Colorado Housing and Finance Authority’s (CHFA) annual David W. Herlinger Golf Tournament raised $75,000 for Rocky Mountain MicroFinance Institute (RMMFI) on Wednesday, August 31, 2022.

CHFA Direct Effect Awards Application Open thumbnail
September 1, 2022

CHFA is pleased to announce the application for the third round of 2022 Direct Effect Awards is now open.

September 1, 2022

CHFA is pleased to announce we have a new, standardized Note and Deed of Trust for lenders to utilize on CHFA DPA Second Mortgage Loans. These new documents should be used for loans with Locks made on or after September 1, 2022.

CHFA Donates $732,000 to 54 Nonprofits with Second Round of 2022 Direct Effect Awards thumbnail
August 30, 2022

CHFA is donating $731,892 to 54 organizations through its Direct Effect program in Round Two, which received over 80 applications seeking more than $1.8 million in combined funding.

August 29, 2022

CHFA is proud to release the results of the Q2 2022 Colorado Statewide Apartment Survey. This quarterly report summarizes the quarterly rents and vacancies of market-rate multifamily rental properties in various Colorado markets.

August 25, 2022

Information on upcoming training offered by CHFA Home Finance in September 2022.

August 25, 2022

As a prospective homebuyer, understanding the current homebuying market can help you make more informed decisions and facilitate thoughtful planning. Throughout 2022, several changes have occurred that have created a different

August 24, 2022

With the current interest rate market, it is critical that Mortgage Loans are delivered timely. Timely delivery of Mortgage Loans allows CHFA to purchase loans quickly and efficiently while offering the best rates possible.

August 23, 2022

A new video has been added to the chfareach on-demand video library. “ABCs of LIHTC: Intro to Housing Tax Credit Compliance Fundamentals” covers:

August 18, 2022 oedit.colorado.gov

The U.S. Treasury Department has awarded the State of Colorado a State Small Business Credit Initiative (SSBCI) grant. This funding could result in more than $100 million over the next 5+ years to leverage ten times that amount

August 18, 2022

If you have completed CHFA's "Advanced Tax Credit Compliance" on-demand webinar series, this is your opportunity to ask follow-up questions on the training material.

August 18, 2022

CHFA Home Finance staff will be conducting staff appreciation starting at 11:00am on Friday, August 19, 2022.

August 16, 2022

CHFA Small-scale Affordable Housing Technical Assistance | August 17, 2022 |9:00am to 10:30am A strong affordable housing development team usually includes outside experts with knowledge of housing finance, housing markets, and development.

Media Release
September 28, 2022

CHFA has been awarded a $501,942 grant to support housing counseling agencies located throughout Colorado. CHFA’s grant was awarded from the HUD Office of Housing Counseling.

Golfers Raise $75,000 for Rocky Mountain  MicroFinance Institute thumbnail
September 1, 2022

Colorado Housing and Finance Authority’s (CHFA) annual David W. Herlinger Golf Tournament raised $75,000 for Rocky Mountain MicroFinance Institute (RMMFI) on Wednesday, August 31, 2022.

CHFA Donates $732,000 to 54 Nonprofits with Second Round of 2022 Direct Effect Awards thumbnail
August 30, 2022

CHFA is donating $731,892 to 54 organizations through its Direct Effect program in Round Two, which received over 80 applications seeking more than $1.8 million in combined funding.

CHFA Awarded $9 Million in Capital Magnet Funds to Support Affordable Housing thumbnail
June 24, 2022

CHFA has been awarded a $9 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 59 total recipients nationwide.

New Quarterly Colorado Apartment  Survey Results Published thumbnail
June 21, 2022

CHFA is proud to offer the results of the newest Colorado Statewide Apartment Survey. This quarterly report summarizes the quarterly rents and vacancies of market-rate multifamily rental properties in various Colorado markets.

CHFA Receives Grant to Support Health and Housing Sector Collaboration thumbnail
May 23, 2022

CHFA is pleased to announce it has been awarded a $150,000 grant to advance strategic partnerships with health organizations to support affordable housing in Colorado. The grant was awarded by the National Council of State Housing Agencies

CHFA Announces 2022 Round One Housing Tax Credit Awards thumbnail
May 17, 2022

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 Donates $440,500 to 34 Nonprofits with First Round of 2022 Direct Effect Awards thumbnail
April 25, 2022

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 Invests $1.2 Million to Support College Scholarships thumbnail
April 21, 2022

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.

CHFA Appoints Board of Directors Officers thumbnail
April 8, 2022

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

​Like it Forward: CHFA Donates $18,035 to the Family and Intercultural Resource Center thumbnail
December 13, 2021

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 Donates $554,500 to 38 Nonprofits with Second Round of 2021 Direct Effect Awards thumbnail
December 6, 2021

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 Announces 2021 Round Two Housing Tax Credit Awards thumbnail
November 9, 2021

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.

Golfers Raise $75,000 for Second Chance Center thumbnail
September 30, 2021

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.

September 3, 2021

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.

August 26, 2021

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 Announces 2021 Round One Housing Tax Credit Awards thumbnail
May 11, 2021

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.

March 26, 2021

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. 

Heather Schell Selected as CHFA’s General Counsel thumbnail
January 8, 2020

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.

In The News
August 18, 2022 oedit.colorado.gov

The U.S. Treasury Department has awarded the State of Colorado a State Small Business Credit Initiative (SSBCI) grant. This funding could result in more than $100 million over the next 5+ years to leverage ten times that amount

August 3, 2022 fox40.com

Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced this week that it closed on the financing for the construction of InterQuest Ridge Apartments.

August 2, 2022 milehighcre.com

Construction has begun on Trailhead Community’s affordable housing project in Littleton. The first-of-its-kind apartment complex in Colorado will allocate 50 percent of its 80 units for adults with intellectual and developmental disabilities and the other

August 2, 2022 whitehouse.gov

Today, the White House and U.S. Department of Treasury are hosting a White House Summit on Building Lasting Eviction Prevention Reform. As funds for Emergency Rental Assistance (ERA) are beginning to wind down,

July 14, 2022 durangoherald.com

Fort Lewis College will offer four $2,500 scholarships to students this fall majoring in public health. The college is one of five institutions receiving scholarship funding as part of the CHFA Building the Future Scholarship fund.

November 15, 2021 prweb.com

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.

Colorado Launches CLIMBER Small Business Loan Fund thumbnail

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.

eNews
September 27, 2022

CHFA Donates $732,000 to 54 Nonprofits with Round Two Direct Effect Awards; Golfers Raise $75,000 for Rocky Mountain MicroFinance Institute; Small-scale Housing Technical Assistance Program Receives 24 Pre-applications in Round Two; Summer Outreach

September 27, 2022

On August 1st, CHFA’s Community Development Division spent their team outing visiting Gateway South Apartments, a 92 two- and three-bedroom unit community for those earning between 30 and 120 percent AMI in the Sun Valley neighborhood in Denver.

September 27, 2022

Finding an affordable option for homeownership in Colorado can be a challenge with high home prices and inventory strain; however, there are unique programs designed to help bring affordability within reach.

September 26, 2022

Information on upcoming training offered by CHFA Home Finance in October 2022.

September 26, 2022

The site visits and audits for multifamily Section 8 properties, known as MORs, have been moved to a new risk-based management and occupancy review schedule. Effective September 26th, HUD has streamlined

September 22, 2022

This workshop is an opportunity for those who have completed Division of Housing's "HOME Funds Compliance" on-demand webinar to ask follow-up questions and work through several household income scenarios related to the webinar series.

September 14, 2022

Registration closes on September 23 for “Mastering LIHTC Compliance with Optional HCCP.”

September 13, 2022

The second draft of the Housing Tax Credit Qualified Allocation Plan (QAP) is now available along with a summary of changes. Written comments will be accepted through October 1, 2022, and can be submitted here

September 8, 2022

Colorado is returning to pre-pandemic activities. To this end, CHFA is also transitioning back to our pre-pandemic homebuyer education model. So, what’s changing?

September 6, 2022

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 previously announced via CHFA eNews announcements, webinars, and program matrices.

September 2, 2022

CHFA's annual David W. Herlinger Golf Tournament raised $75,000 for Rocky Mountain MicroFinance Institute (RMMFI) on Wednesday, August 31, 2022. RMMFI is a Denver-based nonprofit and Community Development Financial Institution

CHFA Direct Effect Awards Application Open thumbnail
September 1, 2022

CHFA is pleased to announce the application for the third round of 2022 Direct Effect Awards is now open.

September 1, 2022

CHFA is pleased to announce we have a new, standardized Note and Deed of Trust for lenders to utilize on CHFA DPA Second Mortgage Loans. These new documents should be used for loans with Locks made on or after September 1, 2022.

August 29, 2022

CHFA is proud to release the results of the Q2 2022 Colorado Statewide Apartment Survey. This quarterly report summarizes the quarterly rents and vacancies of market-rate multifamily rental properties in various Colorado markets.

August 25, 2022

Information on upcoming training offered by CHFA Home Finance in September 2022.

August 25, 2022

As a prospective homebuyer, understanding the current homebuying market can help you make more informed decisions and facilitate thoughtful planning. Throughout 2022, several changes have occurred that have created a different

August 24, 2022

With the current interest rate market, it is critical that Mortgage Loans are delivered timely. Timely delivery of Mortgage Loans allows CHFA to purchase loans quickly and efficiently while offering the best rates possible.

August 23, 2022

A new video has been added to the chfareach on-demand video library. “ABCs of LIHTC: Intro to Housing Tax Credit Compliance Fundamentals” covers:

August 18, 2022

If you have completed CHFA's "Advanced Tax Credit Compliance" on-demand webinar series, this is your opportunity to ask follow-up questions on the training material.

August 18, 2022

CHFA Home Finance staff will be conducting staff appreciation starting at 11:00am on Friday, August 19, 2022.

August 16, 2022

CHFA Small-scale Affordable Housing Technical Assistance | August 17, 2022 |9:00am to 10:30am A strong affordable housing development team usually includes outside experts with knowledge of housing finance, housing markets, and development.

August 12, 2022

The 2022 Round Two Applicant Report is now available on the CHFA website. The application narratives are also available.

August 11, 2022

All CHFA staff will be participating in an all-staff event today, Thursday, August 11, 2022. CHFA’s HomeConnection system will remain operational, allowing lenders to lock new loans and upload documents.

August 10, 2022

Best Practices for Resident Applications and Recertifications, Webinar │ August 23, 2022 The goal of this webinar is to provide tips to help speed up the Initial and Annual Certification process. This webinar will aid communities in establishing procedures

August 10, 2022

CHFA Small-scale Affordable Housing Technical Assistance | August 17, 2022 |9:00am to 10:30am A strong affordable housing development team usually includes outside experts with knowledge of housing finance, housing markets, and development. Finding specialists with the expertise to take your

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This bimonthly eNewsletter provides CHFA news and information highlighting how local communities are addressing their unique affordable housing and economic development needs, oftentimes in collaboration with CHFA and its partners. 

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