CHFA Newsroom

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.

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.

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,

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

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 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.

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).

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.

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.

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 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 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.

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 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 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.

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.

Information on upcoming training offered by CHFA Home Finance in December 2023.

The 2024 Housing Tax Credit Application (2024 V6) is now available on the website. Older versions of the application will no longer be accepted.

All stakeholders with interest in Private Activity Bonds (PAB) and the development of Colorado multifamily projects supported with federal 4 percent Housing Tax Credits are encouraged to join this annual PAB stakeholder meeting.

“Winning by Influencing” provides participants with a powerful methodology for creating an environment in which people win by effectively influencing others.

We are reaching out again to encourage you to sign up for CHFA’s Insight system to gain 24/7 access to searchable loan, Housing Tax Credit, and property information.

In this Issue: Like it Forward Nonprofit Fundraising Campaign | Round Two Housing Tax Credit Awards Announced | Colorado Counties, Inc. Winter Conference | CHFA in the Community

CHFA is pleased to announce that CHFA forms are now available in loan origination systems utilizing Encompass as the document preparation service provider. CHFA hopes this enhancement provides even greater efficiency for our Participating Lenders.

CHFA is proud to announce the funds for the Capital Magnet Fund (CMF) program have been fully committed.

CHFA has completed its second and final Housing Tax Credit award round of 2023. Thirty-five applications were received seeking a total of $86,322,020 million in federal 4 percent credit, and $37,643,457 in state credit.

Happy Holidays! It’s important to plan ahead, so we have included two important reminders regarding: • CHFA Operational Hours • Homebuyer Education Certificates

In this eNews: New in 2024! | New Electronic Annual Owner Certification Process | New Annual Submission Requirement: Current Year Utility Allowance Schedule | HOTMA and NSPIRE Guidance Coming Soon | Annual Submissions Reminder Summary | 2024 Social Security COLA

Now rolling out nationwide, the new NSPIRE model prioritizes health, safety, and functional defects over appearance. It implements inspections that better reflect the true physical conditions of the property.

Developing habits of good money management can pay off—and they’re especially important to keep in mind during the holidays. Consider the following five tips to save and manage your finances wisely.

CHFA has published a list of applicants for the Proposition 123 Modular Finance program, as well as a list of those who have applied for the Innovative Housing Incentive Program (IHIP).

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.

CHFA understands that time is important! To help you understand, originate, and deliver CHFA loans we’d like to make information more accessible.

Property managers, compliance specialists, and contract administrators responsible for processing vouchers should join us for this detailed session on Housing Assistance Payments (HAP).

Effective today, Monday, November 6, 2023, CHFA will no longer require lenders to mail original recorded First Mortgage Deed of Trusts for conventional loans (CHFA Preferred and CHFA Preferred Very Low Income programs).

This is a reminder that the application window for the Proposition 123 Modular Finance program and the Innovative Housing Incentive Program (IHIP) will close at the end of the day today: Friday, November 3rd at 11:59pm MT.

We are reaching out to encourage you to sign up for Insight, CHFA’s online repository for all things related to your multifamily properties. The 24/7 access to searchable loan, Housing Tax Credit, and property information and documents is a huge benefit, streamlining compliance and management tasks.

This is a reminder that organizations invited to apply for the Land Banking program established by Proposition 123 have until the end of day today, Wednesday, November 1st, at 11:59pm MT to submit their application.

Information on upcoming training offered by CHFA Home Finance in November 2023.

I just wanted to take a moment to let you know how great it was to connect with our customers and industry colleagues from around the country at the conference. Once again, the conference was well organized and engaging.

Motivational Interviewing (MI) is a foundational set of tools that is frequently employed to meet people where they are, while guiding discussion toward behavior change or meeting goals and program requirements.

Announcements included in this eNews: Land Banking Application Deadline: November 1st Proposition 123 Modular Finance and Innovative Housing Incentive Program (IHIP) Application Deadline: November 3rd