chfa enews
chfa enews
January/February 2019
In this issue:

2018 community report available



CHFA’s 2018 Community Report is now available. Below are some of the highlights! In 2018 CHFA:
  • Invested in Colorado homeownership: 8,355 customers served with home mortgage or refinance loans or mortgage credit certificates

    “I have been enjoying being a homeowner. It’s a great investment and there’s nothing better than having your own home when you have a family.”
    -David, CHFA homeowner in Greeley

  • Helped Coloradans rent affordably: 5,136 affordable rental housing units supported with multifamily loans and/or Low Income Housing Tax Credits

    “Oh my gosh, every day I feel blessed to live here. I love that we have parking and it’s built well. I just really love the place.”
    -Cecelia, resident of Ash Street Apartments, an affordable rental housing development supported by CHFA in Denver

  • Strengthened Colorado economies: 4,287 jobs impacted by CHFA’s business finance programs

    “The loan from CHFA enabled us to purchase our office space and be in control of our own destiny,” said Angela. “This has helped us become more successful and serve more clients,” said Katie.
    -Founders of Hays and Strode Law, P.C., a CHFA business finance customer in Rifle

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register for housing credit summit: building the future



Registration is now open for CHFA’s Housing Credit Summit: Building the Future. The event occurs Thursday, June 20 in Denver.

CHFA’s Housing Credit Summit is a unique opportunity for Colorado’s Low Income Housing Tax Credit developers and affordable housing stakeholders to share ideas and network with local and national investors. Michael Novogradac will again provide the keynote presentation during the lunch portion of our conference and provide insight on the contributing factors affecting the future success of the program.

All members of the affordable housing community are encouraged to attend this event, which will provide forums for dialogue and brainstorming about LIHTC policies and national housing issues.

Click here for more information and to register.


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2019 round one LIHTC applications received



Applications for the state Affordable Housing Tax Credits (AHTC) and 4 percent federal Low Income Housing Tax Credits (LIHTC) allocation round have been received. CHFA received 16 applications. Combined, the applicants are seeking $13.2 million in state AHTC and $19.2 million in federal 4 percent LIHTC. CHFA has $5.7 million in state AHTC to award in 2019.

Proposed projects include those serving families, seniors, people with disabilities, and homeless. Three proposed projects will preserve existing affordable housing.

Round One awards are expected to be announced in early May.

Pictured: Porter House Apartments in Greeley, an affordable rental housing development that was awarded federal LIHTC and state AHTC in 2015


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affordable rental housing developments celebrate progress



Several events to celebrate soon-to-come affordable rental housing developments recently occurred including:
  • Providence at the Heights celebrated its groundbreaking in Aurora. Upon completion, the development will provide Permanent Supportive Housing to homeless individuals and families. CHFA was proud to support Providence at the Heights by awarding Providence at the Heights $1,185,541 in federal 9 percent LIHTC in 2017.
  • Residences at Hoffman Apartments is being built in Aurora and a celebration was held to recognize its groundbreaking. Residences at Hoffman will provide housing for seniors, and consist of one- and two-bedroom units. CHFA was proud to support the development by awarding $801,701 in 4 percent LIHTC and $933,673 in state Affordable Housing Tax Credits (AHTC) in 2018.
  • Vida at Sloans Lake held a job-site bar-b-que to celebrate reaching its final construction stages. Vida at Sloans Lake is part of the St. Anthony’s Redevelopment Plan in Denver, and will serve independent seniors and households living with disabilities. CHFA was proud to support the development by awarding $1,250,000 in federal 9 percent LIHTC and $1,067,781 in federal 4 percent LIHTC in 2016. A health clinic on the ground floor of the building was financed with New Markets Tax Credits.

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CHFA supports partners



CHFA was proud to sponsor and/or participate in recent events hosted by local and national partners, including:
  • National Council of State Housing Agencies HFA Institute, Washington D.C.
  • Martin Luther King, Jr. Business Awards, Denver
  • Voices of Rural Colorado Joint Legislative Trip, Denver
  • Denverite Who’s Next: Housing, Denver
  • Longmont Association of Realtors 2019 Affiliate Showcase, Longmont
  • Housing Colorado Legislative Luncheon, Denver
  • Colorado Mortgage Lenders Association Expo, Denver
Pictured: Panel at Voices of Rural Colorado Joint Legislative Trip


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upcoming events

February 20
Northern Colorado Realtor Summit, Loveland

February 20
Vistas at Panorama Pointe Grand Opening, Westminster

February 21
Freedom Springs Groundbreaking, Colorado Springs

February 22
20th Annual Morgan County Community College Foundation Gala, Fort Morgan

February 25-28
Mortgage Bankers Association National Mortgage Servicing Conference & Expo, Orlando

March 1
Housing Colorado 2019 Affordable Homeownership Forum, Denver

March 9
Congressman Perlmutter’s Affordable Housing Fair, Wheat Ridge

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Want to know more about CHFA? Visit www.chfainfo.com.

questions?

Jerilynn Martinez
Director, Marketing and Community Relations
jmartinez@chfainfo.com or 303.297.7427


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