chfa announces round two low income housing tax credit awards
(DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the second and final allocation round of 2017. CHFA is the allocating agency of federal and state LIHTC in Colorado. In this round, 28 applications were received, requesting more than $30 million in federal LIHTC.
Awards are being made to sponsors of 12 developments, which will support the new construction or preservation of 633 affordable rental housing units in Colorado.
The following developments have been awarded federal 9 percent LIHTC from CHFA. Full descriptions may be viewed here.
Aria Apartments Phase II, Denver
Cornell Senior Apartments, Aurora
Crossing Pointe, Thornton
Freedom Springs, Colorado Springs
Highlands 2, Grand Junction
Lumien Apartments II, Durango
Providence at the Heights, Aurora
Trinidad Artspace Lofts, Trinidad
Valley Sun Village, Cortez
Walnut Street Lofts, Denver
Wintergreen Apartments, Keystone
Woodgate Trails, Montrose
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.