CHFA Newsroom

CHFA Newsroom

Check out what’s new with CHFA by visiting our newsroom.

Four photo collage of CHFA customers and Colorado landscapes

CHFA's 2023 Community Report

CHFA’s 2023 Community Report is now available. In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023.

Featured Articles

Woman on deck of home looking at camera

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

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
Colorado Capitol
April 15, 2024

CHFA is pleased to report that HB24-1434, which proposes to expand and strengthen the state affordable housing tax credit (AHTC), passed out of the House Finance Committee on Thursday unanimously with bipartisan support!

Colorado Capitol
April 3, 2024

On Monday, the much-anticipated legislation to expand the state Affordable Housing Tax Credit (AHTC) was introduced in the Colorado General Assembly.

April 3, 2024

HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by: $20 million in 2024-2026; $16 million in 2027-2029; and $10 million in 2030-2031.

Direct imagery of a web of icons
April 1, 2024

CHFA is pleased to announce the application for the first round of 2024 Direct Effect Awards is now open.

April 1, 2024

Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.

March 29, 2024

Applications for Direct Effect Awards Accepted Starting April 1 | Proposition 123 Equity Program Accepting Applications | CHFA’s 2023 Community Report | Congratulations, 2024 Eagle Award Nominees

March 29, 2024

CHFA’s 2023 Housing Tax Credit Scorecard is now available.

March 28, 2024

Opendoor surveyed an estimated 1,000 first-time homebuyers nationwide who purchased their first home between January 2023 and December 2023 for their 2024 First-time Homebuyer Survey.

March 26, 2024

Please join CHFA in extending best wishes to Shelley Ervin, who will be retiring from CHFA on April 1, 2024! Shelley has been with CHFA for over 12 years serving as a Senior Business Development Specialist.

March 25, 2024

Join us to learn why Denver multifamily building owners, developers, and housing executives are investing in energy efficiency.

March 25, 2024

A webinar was held on Friday, March 22nd, to review the Equity program application documents, and time was allotted for Q&A.

March 25, 2024

Information on upcoming training offered by CHFA Home Finance in April 2024.

March 22, 2024

CHFA is pleased to be working with the National Center for Housing Management (NCHM) for a comparison of the pre- and post-HOTMA world. Attendees will learn all the details of HOTMA and its impacts on nearly all compliance regulations.

Colorado State Capitol building
March 20, 2024

CHFA supports proposed legislation in the 2024 legislative session that would expand the state Affordable Housing Tax Credit (AHTC) and requests your help to ensure this critical piece of legislation is introduced.

March 20, 2024

CHFA is currently authorized to allocate $10 million in annual state credit, yet the program is oversubscribed by a rate of 3:1. This means that viable deals that would otherwise make an impact in Colorado communities facing affordable housing shortages are unable to move forward due to lack of resources.

March 20, 2024

Mineral Point hosted its groundbreaking ceremony on March 5th in Crested Butte. Developed by TWG Development, Mineral Point will include 34 units serving individuals and families with incomes between 30 to 60 percent of Area Median Income (AMI).

March 18, 2024

Starting today, Monday, March 18th, applications for the Proposition 123 Equity program are being accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th.

March 13, 2024

Update: We identified a calculation error on the Financial Performance Tab within the applications and have corrected the issue. Please refer to the updated documents on the Affordable Housing Financing Fund website.

March 13, 2024

CHFA was recently made aware of a malicious phishing email that has been sent to several housing developers who are CHFA customers.

2023 Community Report image grid of CHFA customers and Colorado landscapes
March 12, 2024

CHFA’s 2023 Community Report is now available online. In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023.

March 12, 2024

In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023. Highlights include how CHFA increased community engagement, strengthened programs, surpassed several organizational records, and was proud to assist Coloradans by:

March 12, 2024

Starting Monday, March 18th, applications for the Proposition 123 Equity program will be accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th.

March 11, 2024

Dear CHFA Stakeholders, On behalf of our partners at the Governor’s Office of Economic Recovery, CHFA is sharing the following information about a free grant writing and technical assistance offering to assist those who are eligible for the HUD Green and Resilient Retrofit Program (GRPP).

March 7, 2024

Homeownership is possible. Start by learning the process. CHFA is committed to increasing Black and African American homeownership in Colorado because homeownership isn’t just for now—it can build wealth and community for the future.

March 6, 2024

The Housing Tax Credit (HTC) world can be difficult to follow, and even tougher to negotiate to successfully operate a property. Join us for a daylong intensive that will give you everything you need to get started.

Media Release
CHFA Board room
February 15, 2024

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 New Community Relationship Manager Serving San Luis Valley thumbnail
January 16, 2024

CHFA welcomes Kaylee A. Romero as its newest Community Relationship Manager serving the San Luis Valley and surrounding region.

Social Media Campaign Generates Over $33,000 for Fort Morgan Nonprofit thumbnail
December 14, 2023

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 Donates Over One Million Dollars to 93 Nonprofits in Second Round of 2023 Direct Effect Awards thumbnail
December 7, 2023

CHFA is proud to announce its Round Two 2023 Direct Effect Award recipients.

CHFA Named Among Nation’s Best Workplaces for Parents thumbnail
December 5, 2023

Great Place To Work® has selected Colorado Housing and Finance Authority (CHFA) for the Best Workplaces for Parents™ 2023 list.

CHFA Announces 2023 Round Two Housing Tax Credit Awards thumbnail
November 17, 2023

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.

Colorado Growth and Revitalization Fund Awarded $65 Million in New Markets Tax Credits thumbnail
September 29, 2023

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.

Stefka Fanchi Appointed to CHFA’s Board of Directors thumbnail
September 26, 2023

CHFA congratulates Stefka Fanchi, President and Chief Executive Officer of Elevation Community Land Trust, on her appointment to its board of directors.

CHFA Launches New Resource for Colorado Homebuyers thumbnail
September 20, 2023

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.

CHFA Named One of the Best Workplaces in the Nation thumbnail
September 11, 2023

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 Donates $942,000 to 85 Nonprofits in First Round of 2023 Direct Effect Awards thumbnail
August 17, 2023

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 Welcomes Three New Members to its Board of Directors thumbnail
August 2, 2023

CHFA is pleased to announce that Governor Jared Polis has appointed Albus Brooks, Jason Peasley, and Santhosh Ramdoss to its board of directors.

Golfers Raise $85,000 for Home Builders Foundation thumbnail
July 20, 2023

CHFA's annual David W. Herlinger Golf Tournament raised $85,000 for Home Builders Foundation on Wednesday, July 19, 2023.

CHFA Announces 2023 Round One Housing Tax Credit Awards thumbnail
May 30, 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.

May 1, 2023

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.

CHFA Announces Second Phase of Building the Future Scholarship Fund thumbnail
January 17, 2023

CHFA is proud to announce its second phase of scholarship funding awarded to Colorado universities. CHFA’s Building the Future Scholarship Fund, launched in 2022, dedicates $1.2 million to support college education across Colorado.

January 5, 2023

CHFA is proud to announce the promotion of Jerilynn Martinez Francis as CHFA’s new chief communications and community partnerships officer. In her role, Jerilynn will serve as a member of CHFA’s executive team,

Social Media Users Help Raise Over $5,000 for The Center for African American Health thumbnail
December 16, 2022

Colorado Housing and Finance Authority (CHFA) is donating $5,210 to The Center for African American Health (CAA Health), a nonprofit organization that works to empower African American and Black Metro Denver communities to make informed health decisions that benefit the whole person through education, collaboration, and advocacy.

CHFA Donates Over $1 Million to 73 Nonprofits with Third Round of 2022 Direct Effect Awards thumbnail
December 7, 2022

CHFA is proud to announce its Round Three 2022 Direct Effect Award recipients.

CHFA Announces 2022 Round Two Housing Tax Credit Awards thumbnail
November 16, 2022

CHFA is pleased to announce 13 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,463 affordable apartments.

CHFA Hires New Community Relationship Manager Serving Eastern Colorado thumbnail
November 4, 2022

CHFA is pleased to welcome Trisha Herman as its newest community relationship manager serving eastern Colorado. In her role, Herman will help CHFA advance its work to strengthen Colorado by investing in affordable housing and economic development.

$50 Million in New Markets Tax Credits Awarded to Support Community Development thumbnail
November 2, 2022

The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $50 million in New Markets Tax Credits (NMTC).

Colorado Fresh Food Financing Fund Grows Opportunities to Support Food Access thumbnail
October 20, 2022

The Colorado Fresh Food Financing Fund (CO4F) offers financial resources to increase access to affordable, healthy, and culturally relevant food, particularly in communities with lower incomes and limited healthy options. CO4F recently expanded its program to support a wider range of projects and address structural inequities in Colorado’s food system.

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.

In The News
February 13, 2024 colorado.gov

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.

January 31, 2024 colorado.gov

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.

May 5, 2023 coloradosun.com

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.

January 13, 2023 oedit.colorado.gov

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.

November 29, 2022 warrenvillage.org

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).

November 23, 2022 businessden.com

The projects will have 1,463 income-restricted units between them.

October 27, 2022 denver7.com

On Thursday morning, Denver City leaders celebrated the grand opening of The Reserves at Green Valley Ranch, a mixed-income apartment complex.

October 20, 2022 rocusa.org

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.

October 17, 2022 housingfinance.com

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.

October 7, 2022 adams.edu

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.

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
April 3, 2024

HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by: $20 million in 2024-2026; $16 million in 2027-2029; and $10 million in 2030-2031.

April 1, 2024

Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.

March 29, 2024

Applications for Direct Effect Awards Accepted Starting April 1 | Proposition 123 Equity Program Accepting Applications | CHFA’s 2023 Community Report | Congratulations, 2024 Eagle Award Nominees

March 29, 2024

CHFA’s 2023 Housing Tax Credit Scorecard is now available.

March 28, 2024

Opendoor surveyed an estimated 1,000 first-time homebuyers nationwide who purchased their first home between January 2023 and December 2023 for their 2024 First-time Homebuyer Survey.

March 26, 2024

Please join CHFA in extending best wishes to Shelley Ervin, who will be retiring from CHFA on April 1, 2024! Shelley has been with CHFA for over 12 years serving as a Senior Business Development Specialist.

March 25, 2024

Join us to learn why Denver multifamily building owners, developers, and housing executives are investing in energy efficiency.

March 25, 2024

A webinar was held on Friday, March 22nd, to review the Equity program application documents, and time was allotted for Q&A.

March 25, 2024

Information on upcoming training offered by CHFA Home Finance in April 2024.

March 22, 2024

CHFA is pleased to be working with the National Center for Housing Management (NCHM) for a comparison of the pre- and post-HOTMA world. Attendees will learn all the details of HOTMA and its impacts on nearly all compliance regulations.

March 20, 2024

CHFA is currently authorized to allocate $10 million in annual state credit, yet the program is oversubscribed by a rate of 3:1. This means that viable deals that would otherwise make an impact in Colorado communities facing affordable housing shortages are unable to move forward due to lack of resources.

March 20, 2024

Mineral Point hosted its groundbreaking ceremony on March 5th in Crested Butte. Developed by TWG Development, Mineral Point will include 34 units serving individuals and families with incomes between 30 to 60 percent of Area Median Income (AMI).

March 18, 2024

Starting today, Monday, March 18th, applications for the Proposition 123 Equity program are being accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th.

March 13, 2024

Update: We identified a calculation error on the Financial Performance Tab within the applications and have corrected the issue. Please refer to the updated documents on the Affordable Housing Financing Fund website.

March 13, 2024

CHFA was recently made aware of a malicious phishing email that has been sent to several housing developers who are CHFA customers.

March 12, 2024

In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023. Highlights include how CHFA increased community engagement, strengthened programs, surpassed several organizational records, and was proud to assist Coloradans by:

March 12, 2024

Starting Monday, March 18th, applications for the Proposition 123 Equity program will be accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th.

March 11, 2024

Dear CHFA Stakeholders, On behalf of our partners at the Governor’s Office of Economic Recovery, CHFA is sharing the following information about a free grant writing and technical assistance offering to assist those who are eligible for the HUD Green and Resilient Retrofit Program (GRPP).

March 7, 2024

Homeownership is possible. Start by learning the process. CHFA is committed to increasing Black and African American homeownership in Colorado because homeownership isn’t just for now—it can build wealth and community for the future.

March 6, 2024

The Housing Tax Credit (HTC) world can be difficult to follow, and even tougher to negotiate to successfully operate a property. Join us for a daylong intensive that will give you everything you need to get started.

March 5, 2024

CHFA does not always require tax returns; however, read important reminders below for details. When tax returns are required, CHFA will require a 2023 tax return for loans locked on or after April 15, 2024. A full transcript or a copy of the filed tax return including all pages, is acceptable.

March 5, 2024

Over the past two years, CHFA has had the goal of increasing Black and African American homeownership by 25 percent. While we did not achieve this goal, the work continues, and the goal remains!

February 29, 2024

Of all the skills it takes to manage our lives and careers, presentation skills might be the most crucial. Even in a web-based and virtual world we still need face time for persuading, calming, and motivating others.

February 29, 2024

In this issue: Dates Announced for 2024 Direct Effect Awards | Proposition 123 Awards Announced; Equity Program Webinar | Support State Housing Tax Credit Legislation | Federal Tax Bill with Housing Provisions Moves to Senate

February 28, 2024

In partnership with the Office of Economic Development and International Trade (OEDIT), CHFA will co-host a webinar on Friday, March 1st, from 1:30pm to 2:30pm to discuss the Equity program established by Proposition 123.

Public Notices