chfa awarded over $500,000 for Housing Counseling
(DENVER) – Colorado Housing and Finance Authority (CHFA) has been awarded a $588,701 grant from the U.S. Department of Housing and Urban Development (HUD) Office of Housing Counseling. Funds will be used to support housing counseling and education efforts provided by participating housing counseling agencies located throughout Colorado.
“Building knowledge about personal finances and housing related issues is especially important in today’s challenging housing market. Comprehensive housing education is crucial to helping Coloradans reach and maintain housing stability,” said Cris White, CHFA executive director and CEO.
HUD-approved housing counseling grants support a wide array of counseling services including; rental housing, home purchase, and foreclosure counseling. During the 2016 program year, participating Colorado housing counseling agencies served 3,295 households with HUD grant funds administered by CHFA.
CHFA strengthens Colorado by investing in affordable housing and community development. Created in 1973 by the Colorado General Assembly, CHFA invests in loans to low- and moderate- income homebuyers through our network of participating lenders, and makes loans to affordable multifamily rental housing developers and small and medium sized businesses. CHFA also provides education and technical assistance about affordable housing and economic development. CHFA is a self-sustaining public enterprise. CHFA issued debt is not the obligation of the state. For more information about CHFA please visit www.chfainfo.com, call its Denver office at 1.800.877.chfa (2432), or its Western Slope office at 1.800.877.8450.