chfa enews
chfa enews
November/December 2018
In this issue:

$50 million metro denver impact facility launches



In response to the current real estate affordability crisis in the Denver region, FirstBank, Colorado Health Foundation, The Denver Foundation, CHFA, and local nonprofit Urban Land Conservancy (ULC), have launched the Metro Denver Impact Facility (MDIF). This revolving loan capital will grow to become a $50 million resource to support ULC’s real estate acquisitions to create and preserve the affordability of housing, nonprofit facilities, schools, and community serving space across Metro Denver.

“Working together with partners to help address affordability issues is core to CHFA’s mission, and MDIF represents the kind of collaboration and innovation needed to strengthen communities. CHFA is proud to invest $2.5 million in capital for this new resource to support affordable housing and community development,” said Cris White, CHFA’s Executive Director and CEO.

Read the news release to learn more.

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housing white papers released by CHFA



CHFA has published the following white papers highlighting Colorado's Housing Affordability Gap, an overview of the state's Housing Continuum, and a summary of Federal Housing Resources available to support affordable housing.

Research shows that Coloradans must earn $92,500 annually in order to afford the median home price of $368,000, and $52,680 to afford the statewide median rent of $1,317 without being cost-burdened. This places housing out of reach for many in Colorado, where the median annual income is $69,117 and $45,707 among renters-households.1

Click here to view CHFA's Housing Gap Map, which shows various housing needs and challenges across the state.

CHFA would like to thank the following partners for their collaboration and support in the preparation of the white papers.

Apartment Association of Metro Denver/Colorado Apartment Association
Colorado Mortgage Lenders Association
Colorado Municipal League
Enterprise
Habitat for Humanity of Metro Denver
Housing Colorado

For more information, please contact Jerilynn Martinez, Marketing and Community Relations Director.

1. US Census, 2017 American Community Survey one-year estimates


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like, share and donate to fight hunger



Did you know, one in six children in southern Colorado is at risk of hunger? People from all walks of life face hunger or are at-risk of hunger every day. Many life circumstances can lead to food insecurity and hunger such as a medical crisis or job loss in the family. That’s why CHFA is proud to have Care and Share Food Bank for Southern Colorado as its Like It Forward 2018 beneficiary.

Like It Forward is CHFA’s annual social media giving campaign to benefit nonprofit organizations in Colorado. Care and Share Food Bank provides food to over 270 partner hunger-relief agencies across 31 counties in southern Colorado.

How can you help? Like, share, and donate to fight hunger!
From November 26, through December 14, CHFA is posting about Care and Share on its Facebook, Twitter, and Instagram pages. For each like the posts receive, CHFA will donate $1 to Care and Share, and for each share, CHFA will donate $5.

New this year: please donate and CHFA will match!
CHFA is also running a digital Care Drive, where you can make a direct donation to Care and Share Food Bank. CHFA will match every dollar donated.

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undesign the redline exhibit comes to denver



Created by design studio, Designing the WE, Undesign the Redline is an interactive exhibit, workshop series, and curriculum that connects the history of housing discrimination and segregation of the 1930s to the political and social issues of today. The traveling exhibit arrived in Denver last week and opened to the public on November 15. It features national and local history, offering participants opportunities to add their local perspectives. Histories of Denver neighborhoods Five Points, Park Hill, Montbello, Globeville, and many others are explored through stories, artifacts, and timelines dating back to the 1800s through today.

CHFA is a proud sponsor of the exhibit. Undesign the Redline will be available at Blair-Caldwell African American Research Library in Denver through December 15. It will then be on display at the Wellington E. Webb Municipal Office Building from December 18 to January 2, 2019.

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events celebrate new affordable rental housing throughout colorado



Several events have recently celebrated new affordable rental housing developments throughout Colorado, including the groundbreaking of Lumien II in Durango. Lumien II will be a new 36-unit development that will include nine Permanent Supportive Housing (PSH) units. Lumien II is the first development in southwest Colorado supported with LIHTC to provide PSH for those experiencing homelessness. CHFA was proud to support Lumien II by awarding $951,361 in federal Low Income Housing Tax Credits in 2017.

“Reliable housing is critical to Colorado's quality of life," said Governor John Hickenlooper. "This project would not have been possible without the collaborative efforts between our local partners. The Lumien II project will meet a fundamental housing need in the area.”

Other developments that have recently celebrated groundbreakings or grand openings included:
  • Peakview Trails, Greeley
  • Peoria Crossing, Aurora
  • Centennial Park Apartments, Longmont
  • Fall River Apartments, Longmont
  • Collegiate Commons, Buena Vista
  • Vista El Rancho, Evergreen
Pictured: Lumien II groundbreaking celebration; photo courtesy of Photo Divine


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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:
  • Colorado Counties, Inc. Foundation Winter Conference, Colorado Springs
  • LiveWell Colorado HEAL Summit, Denver
  • Latino Chamber of Commerce Colorado Latino Business Conference 2018 “La Oportunidad,” Longmont
  • Colorado Women’s Chamber Champions of Change Reception and Awards, Denver
  • Rocky Mountain Community Land Trust 22nd Anniversary and Fundraiser, Colorado Springs
  • Associated Governments of Northwest Colorado Economic Development Summit, Rangely
  • Colorado Office of Economic Development and International Trade Bridge to Opportunity: Opportunity Zone Conference, Aurora
  • Centro Humanitario Para Los Trabajadores Unidos Con El Centro Tamale Lunch, Denver
  • Montrose Economic Development Corporation 2018 Manufacturers Expo, Montrose
Pictured: Attendees at Colorado Latino Business Conference visit CHFA's resource table


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upcoming events

December 15
Denver Housing Authority 80th Anniversary Gala, Denver

January 25
Residences at Hoffman Groundbreaking, Aurora


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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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