CHFA Newsroom

CHFA congratulates Maria De Cambra, executive director of the Colorado Department of Local Affairs (DOLA), on her appointment to its board of directors. CHFA’s 11-member board serves as its governing body and is tasked with furthering CHFA’s mission to strengthen Colorado by investing in affordable housing and community development.

CHFA welcomes Kaylee A. Romero as its newest Community Relationship Manager serving the San Luis Valley and surrounding region.

CHFA is donating $33,255 to Kids at Their Best, a nonprofit organization located in Fort Morgan, Colorado focused on inspiring, educating, and empowering young people from low-income families to build resilience and strengthen their life trajectory.

CHFA is proud to announce its Round Two 2023 Direct Effect Award recipients.

Great Place To Work® has selected Colorado Housing and Finance Authority (CHFA) for the Best Workplaces for Parents™ 2023 list.

CHFA is pleased to announce 10 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,110 affordable rental units.

The Colorado Growth and Revitalization Fund (CGR Fund) has received an award of $65 million in federal New Markets Tax Credits (NMTCs), the highest award amount allocated to qualified applicants this year, according to the latest NMTC Program Award Book.

CHFA congratulates Stefka Fanchi, President and Chief Executive Officer of Elevation Community Land Trust, on her appointment to its board of directors.

CHFA is proud to announce the launch of the Homebuyer’s Roadmap. This online, interactive resource gives users the chance to “choose their own adventure,” featuring stops on the homebuying journey that highlight various aspects of purchasing a home, including homebuyer education, understanding credit, selecting a lender, inspections, and appraisals.

Great Place To Work and Fortune have selected Colorado Housing and Finance Authority (CHFA) for the 2023 Fortune Best Workplaces in Financial Services & Insurance List.

CHFA is proud to announce its Round One 2023 Direct Effect Award recipients. CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development.

CHFA is pleased to announce that Governor Jared Polis has appointed Albus Brooks, Jason Peasley, and Santhosh Ramdoss to its board of directors.

CHFA's annual David W. Herlinger Golf Tournament raised $85,000 for Home Builders Foundation on Wednesday, July 19, 2023.

CHFA is pleased to announce 12 developments were awarded a reservation of federal 9 percent Housing Tax Credits to support the new construction of 605 affordable rental housing units.

CHFA congratulates State Representative Shannon Bird on her appointment to its board of directors. CHFA’s board serves as its governing body, and is tasked with supporting CHFA’s mission.

CHFA is proud to announce its second phase of scholarship funding awarded to Colorado universities. CHFA’s Building the Future Scholarship Fund, launched in 2022, dedicates $1.2 million to support college education across Colorado.

CHFA is proud to announce the promotion of Jerilynn Martinez Francis as CHFA’s new chief communications and community partnerships officer. In her role, Jerilynn will serve as a member of CHFA’s executive team,

Colorado Housing and Finance Authority (CHFA) is donating $5,210 to The Center for African American Health (CAA Health), a nonprofit organization that works to empower African American and Black Metro Denver communities to make informed health decisions that benefit the whole person through education, collaboration, and advocacy.

CHFA is proud to announce its Round Three 2022 Direct Effect Award recipients.

CHFA is pleased to announce 13 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,463 affordable apartments.

CHFA is pleased to welcome Trisha Herman as its newest community relationship manager serving eastern Colorado. In her role, Herman will help CHFA advance its work to strengthen Colorado by investing in affordable housing and economic development.

The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $50 million in New Markets Tax Credits (NMTC).

The Colorado Fresh Food Financing Fund (CO4F) offers financial resources to increase access to affordable, healthy, and culturally relevant food, particularly in communities with lower incomes and limited healthy options. CO4F recently expanded its program to support a wider range of projects and address structural inequities in Colorado’s food system.

CHFA has been awarded a $501,942 grant to support housing counseling agencies located throughout Colorado. CHFA’s grant was awarded from the HUD Office of Housing Counseling.

Colorado Housing and Finance Authority’s (CHFA) annual David W. Herlinger Golf Tournament raised $75,000 for Rocky Mountain MicroFinance Institute (RMMFI) on Wednesday, August 31, 2022.

Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced funding to support the growth of eight modular housing manufacturers across Colorado.

Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the first 16 recipients of the voter approved Proposition 123 Land Banking funds.

As the Inflation Reduction Act (IRA) rolls out, housing agencies around the country are preparing to deploy additional funds, incentivizing developers to incorporate green designs, and boosting cooperation with state energy offices.

The passage of Proposition 123 by voters in November of 2022 was a historic milestone for Colorado, and indicative of the great need across rural, urban, and mountain communities alike.

Higher interest rates and for-sale prices may be a barrier, but for those ready to plunge into home ownership, the best advice is to get educated.

The Innovative Housing Incentive Program (IHIP), announced today by Governor Polis and the Business Funding & Incentives Division of the Colorado Office of Economic Development and International Trade (OEDIT), introduces new funding opportunities to support the development and expansion of Colorado’s innovative housing manufacturing businesses.

Warren Village, a Denver-based organization focused on helping low-income, single-parent families make the journey from poverty to self-sufficiency is pleased to announce a $26m award from the Colorado Housing and Finance Authority (CHFA).

The projects will have 1,463 income-restricted units between them.

On Thursday morning, Denver City leaders celebrated the grand opening of The Reserves at Green Valley Ranch, a mixed-income apartment complex.

CONCORD, N.H. – Nine organizations have come together to create a financing vehicle that positions homeowners in Colorado manufactured home communities to successfully purchase their neighborhoods when they come up for sale.

A 172-unit development is being built to help meet the housing needs of workers in Breckenridge, Colorado. The new community will serve residents earning between 80% and 120% of the area median income, with studio, one-, two-, and three-bedroom apartment homes.

Adams State University students majoring in the mechanical engineering degree may be eligible for a new Building the Future Scholarship established by the Colorado Housing and Finance Authority (CHFA). CHFA’s Building the Future Scholarship will assist Adams State mechanical engineering majors with educational expenses.

The U.S. Treasury Department has awarded the State of Colorado a State Small Business Credit Initiative (SSBCI) grant. This funding could result in more than $100 million over the next 5+ years to leverage ten times that amount

Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced this week that it closed on the financing for the construction of InterQuest Ridge Apartments.

Construction has begun on Trailhead Community’s affordable housing project in Littleton. The first-of-its-kind apartment complex in Colorado will allocate 50 percent of its 80 units for adults with intellectual and developmental disabilities and the other

Today, the White House and U.S. Department of Treasury are hosting a White House Summit on Building Lasting Eviction Prevention Reform. As funds for Emergency Rental Assistance (ERA) are beginning to wind down,

Fort Lewis College will offer four $2,500 scholarships to students this fall majoring in public health. The college is one of five institutions receiving scholarship funding as part of the CHFA Building the Future Scholarship fund.

CHFA and RentTrack, the multifamily leader and pioneer of reporting rent payments to all three credit reporting agencies, today announce a shared housing and credit solution pilot program. House Bill 21-1134 created the Tenant Credit Reporting Pilot Program, which will be administered by CHFA. The program invites landlords and renters at their properties to voluntarily participate, and aims to emphasize renter populations that are underserved and under-represented in homeownership.

Today, the Colorado Department of the Treasury, Colorado Housing and Finance Authority (CHFA), and Office of Economic Development and International Trade (OEDIT) launched the Colorado Loans for Increasing Mainstreet Business and Economic Recovery (CLIMBER). CLIMBER is a statewide loan fund that will provide up to $250 million in working capital to Colorado small businesses through 2023.

Downtown Colorado Inc. selected four San Luis Valley communities to participate in the 2021 Colorado Challenge Accelerator Program as well as the IN THE GAME: Small Town Challenge Studios April 27-30.

CHFA is asking our community to reach out to members of Colorado’s House Appropriations Committee today to urge their support for HB24-1434 that expands and strengthens the state Affordable Housing Tax Credit (AHTC).

Passage of HB24-1434 is critical to ensuring Colorado continues its existing momentum and does not move backwards as gap funds availability face increasing pressure and development costs continue to rise.

Presented by CHFA Senior Attorney Carime Lee, this class examines the history of real estate ownership and housing in the United States as shaped by the legacy of slavery and segregation, including subsequent discriminatory practices such as deed restrictions, redlining, predatory lending, and steering.

This is a reminder that the application acceptance period for the Equity program established by Proposition 123 will remain open until the end of the business day (5:00pm MT) tomorrow, Thursday, April 18th.

On behalf of our partners at the Department of Local Affairs (DOLA), CHFA is passing along the below information regarding two upcoming webinars about the Proposition 123 requirement for local governments to expedite the review of affordable housing.

CHFA is pleased to report that HB24-1434, which proposes to expand and strengthen the state affordable housing tax credit (AHTC), passed out of the House Finance Committee on Thursday unanimously with bipartisan support!

CHFA Home Finance is proud to welcome Megan Goss. Megan has a long history of working in CHFA’s Marketing and Community Relations Division and has now transitioned to Home Finance as a Business Development Specialist.

CHFA does not always require tax returns; however, read important reminders below for details. When tax returns are required, CHFA will require a 2023 tax return for loans locked on or after April 15, 2024.

Motivational Interviewing (MI) is an evidence-based approach for direct service professionals in housing and other fields. Learn practical MI approaches that you can implement immediately.

Updated versions of the Equity program application documents are now available on the Affordable Housing Financing Fund website. These versions, 1.3, include an update that incorporates 2024 rent and income limits.

On April 1, 2024, HUD released updated Multifamily Tax Subsidy Program income limits. The 2024 income limit and maximum rent tables for Colorado are now available on CHFA’s website.

HB24-1434 proposes to increase CHFA’s existing $10 million in state AHTC allocation authority by: $20 million in 2024-2026; $16 million in 2027-2029; and $10 million in 2030-2031.

Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development.

Applications for Direct Effect Awards Accepted Starting April 1 | Proposition 123 Equity Program Accepting Applications | CHFA’s 2023 Community Report | Congratulations, 2024 Eagle Award Nominees

CHFA’s 2023 Housing Tax Credit Scorecard is now available.

Opendoor surveyed an estimated 1,000 first-time homebuyers nationwide who purchased their first home between January 2023 and December 2023 for their 2024 First-time Homebuyer Survey.

Please join CHFA in extending best wishes to Shelley Ervin, who will be retiring from CHFA on April 1, 2024! Shelley has been with CHFA for over 12 years serving as a Senior Business Development Specialist.

Join us to learn why Denver multifamily building owners, developers, and housing executives are investing in energy efficiency.

A webinar was held on Friday, March 22nd, to review the Equity program application documents, and time was allotted for Q&A.

Information on upcoming training offered by CHFA Home Finance in April 2024.

CHFA is pleased to be working with the National Center for Housing Management (NCHM) for a comparison of the pre- and post-HOTMA world. Attendees will learn all the details of HOTMA and its impacts on nearly all compliance regulations.

CHFA is currently authorized to allocate $10 million in annual state credit, yet the program is oversubscribed by a rate of 3:1. This means that viable deals that would otherwise make an impact in Colorado communities facing affordable housing shortages are unable to move forward due to lack of resources.

Mineral Point hosted its groundbreaking ceremony on March 5th in Crested Butte. Developed by TWG Development, Mineral Point will include 34 units serving individuals and families with incomes between 30 to 60 percent of Area Median Income (AMI).

Starting today, Monday, March 18th, applications for the Proposition 123 Equity program are being accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th.

Update: We identified a calculation error on the Financial Performance Tab within the applications and have corrected the issue. Please refer to the updated documents on the Affordable Housing Financing Fund website.