CHFA's 2023 Community Report
Featured Articles
CHFA Beneficiary Reports
CHFA’s Beneficiary reports illustrate key demographic information about who CHFA serves across our different program areas. Each report also highlights how CHFA’s customer profile compares to the Colorado market.
CHFA Impact Report
The U.S. Department of the Treasury awarded Colorado Housing and Finance Authority (CHFA) a $4.5 million Capital Magnet Fund (CMF) grant to support the preservation and construction of affordable multifamily rental housing in Colorado.
Effective Monday, November 4, 2024, CHFA will offer an option for CHFA homeowners to refinance their current CHFA FHA loans and subordinate an existing CHFA DPA Second Mortgage Loan, if applicable.
Are you familiar with your local Area Agency on Aging, or AAA? An AAA is a public or private nonprofit agency, designated by the state to address the needs and concerns of all older persons in a geographic area.
Did you know that the most common obstacle for compliance approval of CHFA FirstStepand CHFA FirstGeneration loans is the income calculation?
Information on upcoming training offered by CHFA Home Finance in November 2024.
CHFA was proud to provide permanent financing for Vance Street Flats in Arvada through a $3,400,000 loan made through the Small Multifamily Permanent Loan (SIMPLE) program alongside a $950,000 Capital Magnet Fund (CMF) loan.
In this class we will discuss what should be done prior to selecting Average Income as the minimum set-aside, and the qualified groups of units for both minimum set-aside and applicable fractions.
CHFA has published a list of applications received for the Concessionary Debt program established by Proposition 123.
We are starting to see the impact of the Federal Reserve’s first cut of its federal funds rate in more than four years last month. It cut the rate by half a percentage point.
CHFA FirstGeneration and CHFA FirstStep loans require a complete and fully executed CHFA Form 401, Initial Applicant Affidavit for Program Compliance Review, prior to closing.
In a recent audit, it was discovered that over 2,000 loans were not transferred to CHFA because flood certification companies were not notified of CHFA’s purchase of the loans.
During the acceptance period, 43 LOIs were received, representing more than $102 million in funding requests. A total of $48 million is available to support the Land Banking program during the 2024-2025 fiscal year.
Some conversations feel very significant to one or both parties, and may trigger an emotional response. Whether this is occurring with a tenant, coworker, or community partner, this session is for you.
New Markets Tax Credits Awarded | Proposition 123 Equity Program Selections | Housing Colorado Annual Conference | CHFA in the Community
CHFA is here to support your commitment to help Coloradans achieve their dreams of homeownership. We are proud to announce that in addition to our regularly scheduled live trainings, we now provide an on-demand library that can fit your busy schedule.
This is a reminder that applications for the Proposition 123 Concessionary Debt Multifamily Finance and Concessionary Debt LIHTC Predevelopment loan options will be accepted until 5:00pm MT on October 15, 2024.
Those seeking a Housing Tax Credit (LIHTC) credential should join us for the TCS workshop. The class offers learners a thorough review of IRS regulations and guidance, including the IRS Guide for Completing Form 8823.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the preliminary selection of three recipients of Proposition 123 Equity program funding.
CHFA and OEDIT are proud to announce the preliminary selections for funding from the Proposition 123 Equity program Strategic Investment Round. The three projects total $21 million in funding, and final details will be determined during the full underwriting process.
This informative recording was produced by CHFA’s Section 8 Multifamily Compliance Officers, who monitor compliance with program regulations on multifamily PBRA properties.
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.
CHFA was proud to support the Crawford Townhomes development in Pueblo through its SIMPLE loan program alongside a Capital Magnet Fund (CMF) loan and a CMF grant.
There are many financial goals to strive for throughout life and one of the most impactful is building generational wealth. This is the ability to pass down your assets to a member of your family, so they may have greater opportunity for financial stability and possibly continue the cycle for the next generation.
One of the most important skills any affordable housing manager can possess is the ability to interview applicants and residents and obtain the information required to determine eligibility.
Given the amount of available funding and high demand, the LOI acceptance period for the Land Banking program will close on October 1, 2024, at 11:59pm MT. For additional details and to download an LOI form, please visit the Affordable Housing Financing Fund website.
The U.S. Department of the Treasury awarded Colorado Housing and Finance Authority (CHFA) a $4.5 million Capital Magnet Fund (CMF) grant to support the preservation and construction of affordable multifamily rental housing in Colorado.
The United States Department of the Treasury announced that it has allocated $65 million in New Markets Tax Credits (NMTCs) to the Colorado Growth and Revitalization (CGR) Fund. Colorado Housing and Finance Authority (CHFA) administers NMTCs through the CGR Fund...
Great Place To Work® and Fortune have selected Colorado Housing and Finance Authority (CHFA) for the Fortune Best Medium Workplaces™ 2024 List, which is based on analysis of employee survey feedback from Great Place To Work Certified™ companies across the nation that have between 100 and 999 employees.
CHFA's annual David W. Herlinger Golf Tournament raised $150,000 for NEWSED Community Development Corporation (NEWSED) on Tuesday, August 13, 2024.
CHFA is proud to announce its Round One 2024 Direct Effect Award recipients. In this round, CHFA is donating $1,362,000 to 104 nonprofits across Colorado. The average award amount in Round One is $13,096.
CHFA is pleased to announce the promotion of Kristi Budish to director of community development. Budish has been a member of CHFA’s staff since 2010, most recently serving as manager of commercial operations and underwriting.
CHFA is proud to announce a new program to support Coloradans who have not previously owned a home, and whose parents or guardians were not homeowners.
CHFA is pleased to announce 13 developments have been awarded a reservation of federal 9 percent Housing Tax Credits along with an award of federal 4 percent credit to a paired development.
CHFA was recently awarded $464,414 from the Department of Housing and Urban Development (HUD) through its Comprehensive Housing Counseling Grant Program. The funds will support a total of 11 HUD-approved housing counseling agencies located in Colorado.
CHFA is pleased to announce the promotion of Steve Johnson as CHFA’s new chief operating officer (COO).
CHFA congratulates Maria De Cambra, executive director of the Colorado Department of Local Affairs (DOLA), on her appointment to its board of directors. CHFA’s 11-member board serves as its governing body and is tasked with furthering CHFA’s mission to strengthen Colorado by investing in affordable housing and community development.
CHFA welcomes Kaylee A. Romero as its newest Community Relationship Manager serving the San Luis Valley and surrounding region.
CHFA is donating $33,255 to Kids at Their Best, a nonprofit organization located in Fort Morgan, Colorado focused on inspiring, educating, and empowering young people from low-income families to build resilience and strengthen their life trajectory.
CHFA is proud to announce its Round Two 2023 Direct Effect Award recipients.
Great Place To Work® has selected Colorado Housing and Finance Authority (CHFA) for the Best Workplaces for Parents™ 2023 list.
CHFA is pleased to announce 10 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,110 affordable rental units.
The Colorado Growth and Revitalization Fund (CGR Fund) has received an award of $65 million in federal New Markets Tax Credits (NMTCs), the highest award amount allocated to qualified applicants this year, according to the latest NMTC Program Award Book.
CHFA congratulates Stefka Fanchi, President and Chief Executive Officer of Elevation Community Land Trust, on her appointment to its board of directors.
CHFA is proud to announce the launch of the Homebuyer’s Roadmap. This online, interactive resource gives users the chance to “choose their own adventure,” featuring stops on the homebuying journey that highlight various aspects of purchasing a home, including homebuyer education, understanding credit, selecting a lender, inspections, and appraisals.
Great Place To Work and Fortune have selected Colorado Housing and Finance Authority (CHFA) for the 2023 Fortune Best Workplaces in Financial Services & Insurance List.
CHFA is proud to announce its Round One 2023 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 that Governor Jared Polis has appointed Albus Brooks, Jason Peasley, and Santhosh Ramdoss to its board of directors.
CHFA's annual David W. Herlinger Golf Tournament raised $85,000 for Home Builders Foundation on Wednesday, July 19, 2023.
CHFA is pleased to announce 12 developments were awarded a reservation of federal 9 percent Housing Tax Credits to support the new construction of 605 affordable rental housing units.
CHFA congratulates State Representative Shannon Bird on her appointment to its board of directors. CHFA’s board serves as its governing body, and is tasked with supporting CHFA’s mission.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the preliminary selection of three recipients of Proposition 123 Equity program funding.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and the Colorado Housing and Finance Authority (CHFA) announced the preliminary selection of the first six recipients of the voter-approved Proposition 123 Equity program.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced funding to support the growth of eight modular housing manufacturers across Colorado.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the first 16 recipients of the voter approved Proposition 123 Land Banking funds.
As the Inflation Reduction Act (IRA) rolls out, housing agencies around the country are preparing to deploy additional funds, incentivizing developers to incorporate green designs, and boosting cooperation with state energy offices.
The passage of Proposition 123 by voters in November of 2022 was a historic milestone for Colorado, and indicative of the great need across rural, urban, and mountain communities alike.
Higher interest rates and for-sale prices may be a barrier, but for those ready to plunge into home ownership, the best advice is to get educated.
The Innovative Housing Incentive Program (IHIP), announced today by Governor Polis and the Business Funding & Incentives Division of the Colorado Office of Economic Development and International Trade (OEDIT), introduces new funding opportunities to support the development and expansion of Colorado’s innovative housing manufacturing businesses.
Warren Village, a Denver-based organization focused on helping low-income, single-parent families make the journey from poverty to self-sufficiency is pleased to announce a $26m award from the Colorado Housing and Finance Authority (CHFA).
The projects will have 1,463 income-restricted units between them.
On Thursday morning, Denver City leaders celebrated the grand opening of The Reserves at Green Valley Ranch, a mixed-income apartment complex.
CONCORD, N.H. – Nine organizations have come together to create a financing vehicle that positions homeowners in Colorado manufactured home communities to successfully purchase their neighborhoods when they come up for sale.
A 172-unit development is being built to help meet the housing needs of workers in Breckenridge, Colorado. The new community will serve residents earning between 80% and 120% of the area median income, with studio, one-, two-, and three-bedroom apartment homes.
Adams State University students majoring in the mechanical engineering degree may be eligible for a new Building the Future Scholarship established by the Colorado Housing and Finance Authority (CHFA). CHFA’s Building the Future Scholarship will assist Adams State mechanical engineering majors with educational expenses.
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
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.
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
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,
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.
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.
Effective Monday, November 4, 2024, CHFA will offer an option for CHFA homeowners to refinance their current CHFA FHA loans and subordinate an existing CHFA DPA Second Mortgage Loan, if applicable.
Are you familiar with your local Area Agency on Aging, or AAA? An AAA is a public or private nonprofit agency, designated by the state to address the needs and concerns of all older persons in a geographic area.
Did you know that the most common obstacle for compliance approval of CHFA FirstStepand CHFA FirstGeneration loans is the income calculation?
Information on upcoming training offered by CHFA Home Finance in November 2024.
CHFA was proud to provide permanent financing for Vance Street Flats in Arvada through a $3,400,000 loan made through the Small Multifamily Permanent Loan (SIMPLE) program alongside a $950,000 Capital Magnet Fund (CMF) loan.
In this class we will discuss what should be done prior to selecting Average Income as the minimum set-aside, and the qualified groups of units for both minimum set-aside and applicable fractions.
CHFA has published a list of applications received for the Concessionary Debt program established by Proposition 123.
We are starting to see the impact of the Federal Reserve’s first cut of its federal funds rate in more than four years last month. It cut the rate by half a percentage point.
CHFA FirstGeneration and CHFA FirstStep loans require a complete and fully executed CHFA Form 401, Initial Applicant Affidavit for Program Compliance Review, prior to closing.
In a recent audit, it was discovered that over 2,000 loans were not transferred to CHFA because flood certification companies were not notified of CHFA’s purchase of the loans.
During the acceptance period, 43 LOIs were received, representing more than $102 million in funding requests. A total of $48 million is available to support the Land Banking program during the 2024-2025 fiscal year.
Some conversations feel very significant to one or both parties, and may trigger an emotional response. Whether this is occurring with a tenant, coworker, or community partner, this session is for you.
New Markets Tax Credits Awarded | Proposition 123 Equity Program Selections | Housing Colorado Annual Conference | CHFA in the Community
CHFA is here to support your commitment to help Coloradans achieve their dreams of homeownership. We are proud to announce that in addition to our regularly scheduled live trainings, we now provide an on-demand library that can fit your busy schedule.
This is a reminder that applications for the Proposition 123 Concessionary Debt Multifamily Finance and Concessionary Debt LIHTC Predevelopment loan options will be accepted until 5:00pm MT on October 15, 2024.
Those seeking a Housing Tax Credit (LIHTC) credential should join us for the TCS workshop. The class offers learners a thorough review of IRS regulations and guidance, including the IRS Guide for Completing Form 8823.
CHFA and OEDIT are proud to announce the preliminary selections for funding from the Proposition 123 Equity program Strategic Investment Round. The three projects total $21 million in funding, and final details will be determined during the full underwriting process.
This informative recording was produced by CHFA’s Section 8 Multifamily Compliance Officers, who monitor compliance with program regulations on multifamily PBRA properties.
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.
CHFA was proud to support the Crawford Townhomes development in Pueblo through its SIMPLE loan program alongside a Capital Magnet Fund (CMF) loan and a CMF grant.
There are many financial goals to strive for throughout life and one of the most impactful is building generational wealth. This is the ability to pass down your assets to a member of your family, so they may have greater opportunity for financial stability and possibly continue the cycle for the next generation.
One of the most important skills any affordable housing manager can possess is the ability to interview applicants and residents and obtain the information required to determine eligibility.
Given the amount of available funding and high demand, the LOI acceptance period for the Land Banking program will close on October 1, 2024, at 11:59pm MT. For additional details and to download an LOI form, please visit the Affordable Housing Financing Fund website.
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.