- March 22, 2022
support sb22-146 to increase investment in chfa’s middle income access program
On March 7th, Senator Rachel Zenzinger and Senator Dennis Hisey, joined by Representative Marc Snyder and Representative Marc Caitlin, introduced SB22-146. This bill proposes to expand CHFA’s Middle Income Access Program, which provides subordinate gap financing for the construction of developments serving households earning between 80 and 120 percent of Area Median Income.
Initially launched in 2017 to provide innovative and flexible capital to address the state’s “missing-middle” housing needs, the program has leveraged $14 million to support more than $165 million total development investment. Developments supported include housing constructed in Denver, Estes Park, Gypsum, Keystone, and Steamboat Springs. SB22-146 would further the program’s efforts by providing $25 million in resources, which CHFA estimates will help support between 750 and 850 new housing units.