​​ chfa enews
chfa enews
July/August 2016
In this issue:

golfers raise $75,000 for volunteers of america



CHFA’s 2016 David W. Herlinger Golf Tournament raised $75,000 for Volunteers of America Colorado Branch on Tuesday, July 12th. Funds will support Volunteers of America Colorado Branch (VOA) in its efforts to assist approximately 200,000 Coloradans each year through various human service programs, including those that focus on housing and healthcare. Approximately 144 golfers and 27 corporate sponsors participated in this year’s event.

“The funds raised through the golf tournament will be used to enhance the lives of the residents of our joint endeavors through expanded supportive services and property enhancements. Thank you so much!” said Dianna Kunz, President and CEO of Volunteers of America Colorado Branch.

Read the news release to learn more.


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chfa receives round two lihtc applications



CHFA’s Tax Credit team received 43 Low Income Housing Tax Credit (LIHTC) applications for Round Two. Together, all 43 applicants are seeking $43 million in federal 9 percent LIHTC. CHFA has $13 million to allocate in Round Two.

Applicants are requesting LIHTC for affordable rental housing developments across the state from Fort Collins to Trinidad; throughout mountain communities such as Basalt, New Castle, and Evergreen; and along the Western Slope, including Durango, Buena Vista, and Montrose. Round Two awards are expected to be announced in September.

Pictured: CHFA LIHTC customer, Village at Westerly Creek in Aurora.

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homeowners celebrate with “mission home possible”



CHFA recently launched “Mission Home Possible,” inviting our recent customers to participate in a Facebook sweepstakes in which they could share pictures representing their new homeownership experience for a chance to win a $500 gift card. The sweepstakes occurred from June 20th to July 31st.

Congratulations to all of our winners:
Marlena from Colorado Springs
Jennifer from Aurora
Erik from Rifle
Dawn and Justin from Fountain
Aly from Johnstown
Molly from Denver


“So many dreams of starting our lives together in a new home, thankfully after many prayers, hard work and many great people helping us along the way...we did it! Thank you CHFA Colorado for helping us get here!” – Dawn and Justin



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chfa donates goods to formerly homeless households



CHFA staff recently held a donation drive to collect items for formerly homeless individuals and families who recently moved into Pathways Village, a 40-unit permanent supportive housing (PSH) development in Grand Junction. Permanent supportive housing combines affordable rental housing with services that help those experiencing homelessness and disabilities.

HomewardBound of the Grand Valley, Inc., a nonprofit organization, partnered with Cardinal Capital Management, Inc., to develop Pathways Village, and accepted donations of household goods to help residents prepare for this new chapter in their lives. CHFA’s donation drive, “Home Kits for HomewardBound,” collected more than 600 items, including kitchen and bathroom supplies, and 10 twin-size mattresses donated by Mattress Firm, all of which are furnishing children’s rooms. There are 27 formerly homeless children whose ages begin as young as four weeks, now living at Pathways Village with their families.

“We are able to give the residents of Pathways Village their next step towards a pathway home. For many of them, this is a miracle. We would not have been able to make this happen if it were not for the generosity of our partners and community. CHFA has been very instrumental and we are blessed for their support!" said Jade Joyce, Executive Director for HomewardBound of the Grand Valley.

Pathways Village is the first PSH development of its kind along Colorado’s Western Slope. It was awarded $785,116 in federal Low Income Housing Tax Credits by CHFA in 2014. CHFA joined in the official grand opening celebration of Pathways Village on August 4th.

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housing forum colorado 2016 concludes



Housing Forum Colorado (HFC) made stops throughout the state this summer in Glenwood Springs, Colorado Springs, Denver, Fort Collins, and Steamboat Springs. The event series was attended by approximately 175 participants this year.

HFC is held each year and educates lending and real estate professionals on programs, products, and services designed to help them attract and support new clients. The event features roundtable discussions with representatives from CHFA, FHA, RD, VA, and regional down payment assistance partners.

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chfareach hosts class for rental property owners



CHFA’s educational program, chfareach, recently hosted “Update on Best Practices in Rentals” in Montrose. The free class covered topics such as fair housing, tenant screening, habitability requirements, pre-move-in inspection, and many others.

“I thought the class was excellent! I am new to affordable housing and the content was a great foundation to the leasing process,” said a post-class survey participant.

“Update on Best Practices in Rentals” is being offered on August 23rd in Naturita. Visit CHFA’s website to learn how you can participate.


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cut the ribbon: affordable housing projects open doors



The first project supported by CHFA through Low Income Housing Tax Credits (LIHTC) in Gunnison County celebrated its grand opening on July 22nd. Anthracite Place is a 30-unit development that will provide much needed workforce housing to the Crested Butte resort community. In 2014, CHFA awarded $539,165 in federal LIHTC to support this development.

Falcon Ridge Apartments, a 48-unit affordable rental housing development in Estes Park celebrated its grand opening and open house on July 14th. This development will provide housing to the Estes Park community in their efforts to continue to recover from the 2013 floods. Falcon Ridge includes townhome and flat-style units. CHFA awarded $912,694 in federal Low Income Housing Tax Credit (LIHTC) in 2014 to support the development.

Pictured: Anthracite Place

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breaking ground: new developments begin construction



Several affordable rental housing developments supported by CHFA recently broke ground, including: Pictured above: Alto groundbreaking celebration, July 26th

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upcoming events

CHFA is proud to sponsor upcoming events hosted by our partners around the state including:
  • August 20-21: Palisade Peach Festival, Palisade
  • September 20: Metro West Veterans Fair, Denver
  • September 21-24: Colorado Association of REALTORS® Fall Conference & Expo, Broomfield
  • September 23-25: Chile and Frijoles Festival, 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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