chfa enews
chfa enews
August 2017
In this issue:

we're moving: chfa will be back on blake effective september 11th



We are excited to share that CHFA’s Denver office will return to 1981 Blake Street, effective Monday, September 11, 2017. We will close at 3:00pm on Friday, September 8th to facilitate the move.

We appreciate your understanding and patience while our downtown Denver offices have been under construction. To help avoid any unnecessary delays, please be sure all mail and packages sent on or after Monday, September 11th are addressed as follows.

mail by USPS:

CHFA
PO Box 60
Denver, CO 80201

delivery via UPS, Federal Express, or courier:

CHFA
1981 Blake Street
Denver, CO 80202

Our phone number will remain the same, 800.877.chfa (2432).

We apologize for any inconvenience this may cause. For more information about CHFA’s move, please visit www.chfainfo.com/backonblake.


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golfers raise $75,000 to benefit saint francis center



CHFA’s David W. Herlinger Golf Tournament raised $75,000 for Saint Francis Center last Tuesday, July 18th. Saint Francis Center is a multiservice organization for people experiencing homelessness in the metro Denver area, providing shelter and services that enable people to meet their basic needs for daily survival and transition out of homelessness.

“With the shortage of affordable housing in Denver, financial support from CHFA’s golf tournament will help fund all the necessary interventions for individuals experiencing homelessness, who are waiting for a place to call home,” said Tom Luehrs, Executive Director of Saint Francis Center.

This is the 14th year CHFA has held a golf tournament with proceeds benefiting a local nonprofit whose work coincides with CHFA’s mission of affordable housing and economic development.

Read the news release to learn more.


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chfa unveils new loan program targeting first-time homebuyers



CHFA recently announced the rollout of a new home mortgage loan program, CHFA FirstStepsm, that targets first-time homebuyers. The program offers a 30-year, fixed rate loan, with a lower interest rate compared to other Federal Housing Administration (FHA) programs. The program is also available to assist qualified veterans, and non-first time buyers in targeted areas.

"Home buyers need options to help them afford homeownership in Colorado's high-priced market. It takes at least $83,400 in gross annual income for a two-person household to afford the current median home price of $330,000. The median gross annual income of a two-person household in Colorado is $62,200, demonstrating a clear gap. We are excited to add CHFA FirstStep to our affordable homeownership programs to help Coloradans achieve housing stability," said Cris White, CHFA Executive Director and CEO.

To learn more about CHFA FirstStep, click here.


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dan mcmahon talks chfa on colorado’s best

CHFA Home Finance Director Dan McMahon was recently featured on “Colorado’s Best,” a consumer-oriented television show that airs on Channel 2 every weekday. Dan discussed CHFA and our homeownership programs.

Watch the video to learn more.

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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 development milestones:
  • Sanderson Apartments hosted a grand opening in Denver;
  • Village on Redwood hosted a grand opening in Fort Collins;
  • Village on Horsetooth hosted a groundbreaking in Fort Collins;
  • Ash Street Apartments hosted a grand opening in Denver;
  • Journey Home hosted a groundbreaking in Cañon City;
  • Terraza del Sol hosted a grand opening in Denver; and
  • Peakview Trails hosted a groundbreaking in Greeley.
Combined, these developments represent 508 new affordable rental housing units for low- and moderate-income individuals and families in Colorado.

Pictured: Ash Street Apartments ribbon cutting.


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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:
  • Grand River Vineyards “Hear it Through the Grape Vines” Concert Series benefitting HomewardBound of the Grand Valley
  • National Council of State Housing Agencies Housing Credit Connect
  • Colorado Municipal League Annual Conference
  • Colorado Real Estate Journal 2017 Affordable Housing Development & Finance Conference & Expo
  • Denver Housing Authority Homeownership Fair
  • Latina Safehouse Annual Golf Tournament
  • National Multiple Sclerosis Society’s Bike MS: Colorado

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upcoming events

August 31
Kentucky Circle Village Grand Reopening, Denver

September 13
Meadows at Montbello Grand Opening, Denver

September 14
Reserves at Steamboat Grand Opening, Steamboat Springs

September 15
Habitat for Humanity of Colorado 25th Anniversary Gala, Denver


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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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