chfa announces 2025 round one housing tax credit awards

(DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce 12 developments have been awarded a reservation of federal and state Housing Tax Credits to support the construction or preservation of 679 affordable rental housing units in Colorado. This includes awards of Transit-oriented Communities (TOC) credit to seven developments. The TOC credit is a new state Housing Tax Credit that supports affordable rental housing development near transit. The total private sector equity estimated to be raised by the credit awarded during this round exceeds $207.4 million.

Developments awarded will seek to address various housing needs in Colorado, supporting households with low and moderate incomes, individuals and families transitioning out of homelessness, and older adults. Developments supported will be located in Alamosa, Aurora, Brighton, Denver, Fort Collins, Frisco, Superior, Trinidad, Westminster, and Wheat Ridge.

Since the program was created in 1986, CHFA has served as the allocating agency for Housing Tax Credits in Colorado. Tax credits are the most widely used tool for financing affordable rental housing in the nation. Since its inception, the program has helped build or preserve more than 80,000 affordable rental housing units in Colorado.

The following is a list of the developments receiving award reservations. View full development descriptions and the award report on the CHFA website.

101 Main, Frisco
Developer: The NHP Foundation

Arapahoe PSH, Aurora
Developer: Brothers Redevelopment, Inc.

Blossom Commons, Westminster
Developer: Volker Housing Partners, LLC

Ives II, Wheat Ridge
Developer: Foothills Regional Housing

Kite Route Crossing, Superior
Developer: Pennrose LLC

Marq, Trinidad
Developer: Commonwealth Development Corporation of America

Park Avenue Apartments, Denver
Developer: Colorado Coalition for the Homeless

Ravenfield, Brighton
Developer: Brighton Housing Authority

Rita Bass Apartments, Denver
Developer: Evergreen Real Estate Group

Switchgrass Crossing, Fort Collins
Developer: Volunteers of America National Services

Tapestry LIHTC, Denver
Developer: Gorman and Company, LLC

Tierra Azul, Alamosa
Developer: Community Resources and Housing Development Corp.

###