chfa enews
chfa enews
May/June 2017
In this issue:

chfa presents 2017 housing credit summit



CHFA’s third Housing Credit Summit, “Community Strong – 30 years,” occurred on May 23rd at the Sheraton Downtown Denver Hotel. This year's event hosted over 250 attendees and provided a unique opportunity for Colorado’s Low Income Housing Tax Credit (LIHTC) developers and affordable housing stakeholders to share ideas and network with local and national investors.

Michael Novogradac, a highly regarded LIHTC expert, again provided the keynote presentation. 2017 marks the 30th anniversary of the first LIHTC project being initiated, and the Housing Credit Summit revisited the progress made, while addressing the future of the LIHTC program.

To learn more about LIHTC, check out CHFA’s new video, which was presented during the summit.


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round one low income housing tax credit awards announced



CHFA is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the first allocation round of 2017. In this round, 20 applications were received.

In total, awards are being made to sponsors of 12 developments, which will support the new construction or preservation of 1,290 affordable rental housing units in Colorado.

The following developments have been awarded federal and state LIHTC from CHFA. Full descriptions may be viewed here.

Brandon Flats, Denver
Developer: Volunteers of America (VOA)

El Rancho Flats, Evergreen
Developer: Jefferson County Housing Authority

Fall River Apartments, Longmont
Developer: Longmont Housing Authority

Flats at Two Creeks, Lakewood
Developer: Archway Investment Corporation

Indy Street Flats, Lakewood
Developer: Metro West Housing Solutions

Laradon Homes, Denver
Developer: Gorman and Company, Inc.

Peoria Crossing, Aurora
Developer: Aurora Housing Authority

Platte Valley Homes, Denver
Developer: Denver Housing Authority

Sheridan Station, Denver
Developer: Koelbel and Company

Tammen Hall Apartments, Denver
Developer: Solvera Developers LLC

Traditions at Colorado Springs, Colorado Springs
Developer: The Inland Group

Village on Shields, Fort Collins
Developer: Housing Catalyst

Pictured: Conceptual rendering of Fall River Apartments, courtesy of SHOPWORKS8


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housing preservation network preserves nearly 5,000 units



CHFA is leading a broad coalition of partners called the Colorado Housing Preservation Network (HPN) to preserve the affordability and long-term livability of affordable rental housing units in Colorado. HPN was formed in 2016 and in only one year, has helped to preserve 4,977 affordable rental housing units by supporting property improvements, and extending rental assistance and affordability contracts. Affordability restrictions on approximately 22,000 affordable rental housing units are set to expire over the next decade.

“The creation of HPN and the commitment to affordable housing preservation is extremely timely. Affordability restriction expirations and the aging of properties are occurring simultaneously—meanwhile, Colorado is in a housing crisis. HPN is focused on implementing solutions to keep as many units affordable as possible, and sustain affordable rental properties to ensure they remain safe, decent places to live for several more decades,” said Beth Truby, CHFA Preservation Program Manager.

Read the news release to learn more about HPN’s successes in 2016.

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annual housing forum colorado begins



Housing Forum Colorado kicked off on Wednesday, May 17th, making its first stop on Montrose. This CHFA premier event is an opportunity for lenders and real estate professionals to hear the latest information on federal, state, and local lending programs that could be of benefit to your customers.

The 2017 Housing Forum Colorado will continue to feature housing updates from our agency partners—FHA, VA, RD, and CHAC—in addition to information about CHFA’s programs and guidelines. Below is the list of upcoming dates and locations for this year’s Housing Forum Colorado:
  • June 14 – Denver
  • June 20 – La Junta
  • July 20 – Loveland
  • July 26 – Buena Vista

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customers celebrate development milestones



The following affordable rental housing developments were supported with Low Income Housing Tax Credit (LIHTC) awards allocated by CHFA, and recently celebrated grand openings:

Ashley Union Station, Denver
The Highlands, Grand Junction
The Foundry Apartments, Englewood

Additionally, Aztec Villa Apartment Homes in Thornton, also supported with LIHTC, celebrated an open house to showcase completed renovations.

Pictured: Conceptual rendering of The Highlands, courtesy of Grand Junction Housing Authority and Oz Architecture


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chfa supports partners around the state



CHFA was proud to sponsor and participate in several events hosted by our partners around the state including:
  • Colorado Counties Inc. Foundation Summer Conference
  • mpowered’s Gear Up for Financial Health Campaign
  • Colorado Realtor Foundation 2017 Bubble Boogie
  • NAHRO Colorado and Mountain Plains Joint Conference
  • CDFA Colorado Financing Roundtable Conference
  • GJARA Western Slope Realtor Rally
  • Annual Regional PBCA Contract Administrators Summit
  • Eaton Senior Communities “Bridging the Gap” Fundraiser

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upcoming events

CHFA is participating in the following upcoming events:

June 20-23
Colorado Municipal League Annual Conference, Breckenridge

June 24
Denver Housing Authority Homeownership Fair, Denver

July 13
Terraza del Sol Grand Opening, Denver

July 18
CHFA’s 2017 David W. Herlinger Golf Tournament, Golden

July 20
Journey Home Supportive Housing Groundbreaking, Cañon City


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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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