chfa enews
chfa enews
March/April 2019
In this issue:

house finance committee votes to strengthen state affordable housing tax credits



On Thursday, March 21, the Colorado General Assembly’s House Finance Committee passed HB19-1228 on a 7-3-1 vote. This bill would increase the amount of state Affordable Housing Tax Credits that CHFA could allocate annually from $5 million to $10 million for 2020-2024. Several organizations and individuals testified in support of the bill. The bill now advances to consideration before the House Appropriations Committee.

Click here to view the bill fact sheet.
Click here to view a list of the organizations in support of HB19-1228.


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chfa welcomes new board members and names 2019 chair



CHFA is pleased to announce a new Board of Directors Chair and welcome two new members.

Former Colorado State Representative, Max Tyler , has been named Board Chair for the 2019-2020 board term. Gov. Jared Polis has appointed Executive Director of the Colorado Department of Local Affairs (DOLA), Rick Garcia, to serve on CHFA’s board. Colorado Speaker of the House, KC Becker, has been appointed to CHFA's board for the 2019-2020 legislative biennium.

CHFA’s 11-member board serves as the governing body of the organization and establishes policies to further its mission of affordable housing and community development.


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chfa awarded $6 million in capital magnet fund grant



CHFA has been awarded a $6 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was one of only three housing finance agencies in the nation to receive an award among 38 total recipients nationwide.

CHFA will use the award to enhance its existing statewide housing fund that was created with a $7.1 million CMF grant awarded in 2018. This fund provides low-interest financing for developers building or preserving affordable housing, and leverages state and federal affordable housing tax credits by providing gap financing.

Read the news release to learn more.


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the empowerment program named golf tournament beneficiary



The Empowerment Program (Empowerment) has been named CHFA’s 2019 David W. Herlinger Golf Tournament beneficiary. Empowerment strives to decrease the number of women living in poverty who have significant barriers to self-sufficiency due to incarceration, abuse, and violence.

This year’s golf tournament will be held on Tuesday, July 23, at the Fossil Trace Golf Club in Golden. Visit chfainfo.com/golf for more information.


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chfa hires manager for san luis valley and southwestern colorado

CHFA has selected Jeff Owsley to serve as its San Luis Valley and Southwest Colorado Community Relationship Manager. In this role, Owsley engages with housing and economic development stakeholders, community members, customers, and local government in the region through outreach, capacity building, and by identifying opportunities to increase access to CHFA’s resources. His service area includes the counties of Alamosa, Archuleta, Conejos, Costilla, Dolores, Hinsdale, La Plata, Mineral, Montezuma, Rio Grande, Saguache, and San Juan.

“It’s crucial that CHFA has a presence in various regions throughout the state, which each have their own unique needs. We are pleased to have Jeff, who brings much experience and knowledge of the region and will help its communities make impactful connections to strengthen community development,” said Steve Johnson, CHFA Community Development Director.

Read the news release to learn more.


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affordable rental housing developments celebrate progress

Several events were recently held to recognize new affordable multifamily housing in Colorado including:
  • Walnut Street Lofts celebrated its groundbreaking in Denver. This transit-oriented development will offer 66 units serving individuals and families. CHFA awarded the project $1,198,115 in federal 9 percent Low Income Housing Tax Credits (LIHTC) in 2017. Walnut Street Lofts was also awarded $600,000 financing and a $150,000 grant from CHFA’s Capital Magnet Fund in 2018. CHFA is further supporting Walnut Street Lofts with an additional $3.6 million in permanent financing.
  • Freedom Springs celebrated its groundbreaking in Colorado Springs. Upon completion, Freedom Springs will be a 50-unit community serving the homeless or those at risk of homelessness, with a special preference for veterans. Freedom Springs will be the first Permanent Supportive Housing development in Colorado Springs dedicated to veterans and their families. CHFA supported the project by awarding $1,046,580 in federal 9 percent LIHTC in 2017.
  • Vistas at Panorama Pointe celebrated its grand opening Westminster. The property offers 69 units serving seniors and represents the final phase of a senior campus in Westminster that includes for-sale homes, assisted living, affordable and market-rate rental homes. CHFA supported the project by awarding $480,000 in state Affordable Housing Tax Credits (AHTC) and $401,909 in 4 percent LIHTC in 2016.
Pictured: Walnut Street Lofts groundbreaking


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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:
  • Minds Matter Annual Casino Night, Denver
  • Catholic Charities of Pueblo 75th Anniversary Gala, Pueblo
  • Community Resources for Financial Wellness Seminar, Denver
  • Northern Colorado REALTOR® Summit, Loveland
  • Business Resource and Lenders Expo, Englewood
  • Get Tailored Advice for Your Small Business Seminar, Pueblo
  • Rocky Mountain Land Use Institute’s 2019 Western Places/Western Spaces Conference, Denver
  • National Council for State Housing Agencies (NCSHA) Legislative Conference, Washington, D.C.
  • Congressman Ed Perlmutter's Affordable Housing Fair, Wheat Ridge
  • South Metro Denver Realtor Association (SMDRA) Realtor Appreciation Breakfast and Vendor Fair, Lone Tree
  • Mortgage Bankers Association (MBA) National Mortgage Servicing Conference and Expo, Orlando, FL
  • Housing Colorado 2019 Affordable Homeownership Forum, Denver
  • ACCESS Housing Mardi Gras Gala, Denver
Pictured: CHFA staff in Washington D.C. for NCSHA Legislative Conference

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upcoming events

April 12-13
Club 20 Spring Conference, Grand Junction

April 18
The Western Slope REALTOR® Rally, Grand Junction

April 23
HomeAid Colorado Rebuilding Lives Breakfast, Denver

April 24
Women’s Bean Project Ready. Set. Grow! Lunch, Denver

April 24
Habitat for Humanity of Metro Denver Breakfast for Humanity, Denver

April 26
The Arc of Pueblo Golden Tortilla Fundraising Event, Pueblo


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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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