CHFA Newsroom

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.

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.

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.

In November, Colorado voters passed Proposition 123, which establishes the State Affordable Housing Fund and dedicates 1/10 of 1 percent (0.1%) of annual state tax income revenue to support a permanent funding source for affordable housing.

To help lenders best inform their borrowers on CHFA’s process, we’ve created a Steps to Completing CHFA Approved Homebuyer Education flyer.

HUD's Office of Housing recently published, COVID-19 Supplemental Payments Housing Notice (H 2022-06). HUD is making a fifth round of CARES Act funds available to offset property expenditures to combat the effects of COVID-19.

In this session with international business consultant Mary Grace Glasier, we'll explore the art of delegation. You will come away with a five-step model that helps you to appropriately match people and tasks.

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

Effective for new locks* made on or after January 30, 2023, CHFA Preferredsm Program will have a statewide limit of $148,120. The income limit is regardless of county or household size and does not include the CHFA Preferred Very Low Income Program (VLIP).

Looking back on 2022, CHFA helped more than 6,500 Coloradans become homeowners with our home loan programs and down payment assistance and served more than 7,000 Coloradans with pre-purchase homebuyer education.

2022: Year in Review Jerilynn Martinez Francis Named CHFA's Chief Communications and Community Partnerships Officer CHFA Donates Over $1 Million to 73 Nonprofits with Third Round of 2022 Direct Effect Awards Small-Scale Affordable Housing Technical Assistance Pre-application Deadlines Announced

CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers, especially in such a challenging year. With the help of our 126 active Participating Lenders, CHFA was able to help 6,592 households achieve homeownership. Below are highlights we’d like to share!

This training provides an in-depth look at the rights of people who use service and assistance animals, the latter of which includes companion and emotional support animals.

CHFA is pleased to announce the dates for its 2023 Direct Effect Awards. 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.

In 2022, CHFA Multifamily Lending was honored to serve and strengthen Colorado by providing safe and decent housing for our fellow Coloradans—and we couldn’t have done it without you.

Have you ever wondered how CHFA Home Finance decides what programs and products it offers, or how it decides when changes are needed? Often, these determinations are made with the invaluable insight of our Lender Advisory Group (LAG).

While the foundation of most affordable rental housing today is the Housing Tax Credit Program, the tax credits alone are often not enough to ensure project feasibility. Successful properties often must "layer" programs in order to work.

On May 3, 2022, FHFA announced the mandatory use of the Supplemental Consumer Information Form (Form 1103) for loans sold to Fannie Mae and Freddie Mac with application dates on or after March 1, 2023.

Effective for new locks* made on or after January 9, 2023, use the lower of $726,200 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac®, plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds, as applicable.

Trauma-informed Design: The Four-phase Process and Case Studies, Webinar │ January 19, 2023 This session will walk participants through the four phases of trauma-informed design, providing high-level guidance for carrying out the steps of a trauma-informed design process.

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, reporting directly to the executive director and CEO.

Below is a list of 2023 holidays affecting CHFA Home Finance operations. On days when CHFA is closed, lenders will be able to submit documents; however, loan locks, processing of documents, file check-ins and reviews, and all other CHFA Home Finance operations will not be available.

In this eNews •Annual Submission Reminder and Change to February 15 Due Date •Annual Submissions Webinar On-demand through chfareach•Common Errors To Avoid On Your Annual Owner Certification

CHFA is currently evaluating income, loan, and purchase price limits. We have not made any changes at this time. If limits change, we will release a subsequent eNews outlining what changes have taken place.

The CHFA HomeConnection system will be unavailable from 5:00pm MT to approximately 6:00pm MT on Wednesday, December 21, 2022, while the system undergoes maintenance.

Like any brand or logo, your "personal brand" tells the world what to expect of you. It represents your values and credibility as a professional.

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

January Highlights Fair Housing 101, Webinar │ January 10, 2023 Join us as the Colorado Civil Rights Division presents housing antidiscrimination training. The training introduces the most recent Colorado Fair Housing laws, focusing on protected classes and disability discrimination.