chfa announces 2023 round one housing tax credit awards

(DENVER) - Colorado Housing and Finance Authority (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. These developments will serve a variety of housing needs in Colorado including supporting individuals and families, as well as households who are exiting homelessness, older adults, and veterans.

CHFA received 26 applications for federal 9 percent Housing Tax Credits in its first allocation round of the year. Those applications awarded credit will support developments located in Boulder, Colorado Springs, Crested Butte, Denver, Frederick, Glenwood Springs, Greeley, Lakewood, Pagosa Springs, Rifle and Windsor. The total private sector equity investment estimated to be generated from the federal tax credits awarded in this round exceeds $149.9 million.

The following is a list of the developments that have been awarded federal 9 percent Housing Tax Credits. Full descriptions may be viewed here, and the award report may be viewed here.

10th and Sheridan, Denver
Developer: Mental Health Center of Denver dba WellPower

The Benedict, Glenwood Springs
Developer: Archdiosean Housing, Inc.

Brigit’s Village, Frederick
Developer: Jon Peterson

Diagonal Plaza, Boulder
Developer: Boulder Housing Partners

Henninger Legacy Homes, Denver
Developer: Atlantis Community Foundation

Jacoby Meadows, Windsor
Developer: Windsor Housing Authority and Loveland Housing Authority

Mineral Point, Crested Butte
Developer: TWG Development, LLC

Point of the Pines Villas, Colorado Springs
Developer: MEJansen Development Company

Rifle Apartments, Rifle
Developer: Evergreen Real Estate Group

StarRise at North Weld Village, Greeley
Developer: High Plain Housing Development Corp

Trails at Pagosa Springs, Pagosa Springs
Developer: Generation Housing Partners, LLC

Williams Pointe, Lakewood
Developer: Metro West Housing Solutions

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