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Multifamily Program Compliance eNews Archive
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!
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.
In the report, learn how CHFA invested $2.7 billion to support affordable housing and community development in 2023. Highlights include how CHFA increased community engagement, strengthened programs, surpassed several organizational records, and was proud to assist Coloradans by:
CHFA is pleased to announce the dates for its 2024 Direct Effect Awards. 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.
CHFA is requiring that Annual Owner Certifications for the Housing Tax Credit and CHFA multifamily loan programs be submitted through Insight, which requires Owner registration to electronically submit and sign.
HUD published an adjusted passbook savings rate of 0.40 percent, effective January 1, 2024. The new passbook rate is now required for all HTC and CHFA Loan tenant income certifications. CHFA has revised our current Tenant Income Certification (TIC) form so that owners may apply the current rate.
CHFA is pleased to report that the 2024 Tax Bill—which includes provisions to expand and enhance the affordable housing tax credit—passed the House last night with strong bipartisan support! Thank you to all who reached out to your members of Congress.
Congress is preparing to vote on a critical tax bill that would expand and enhance affordable housing tax credits, the most successful affordable housing program nationwide. The “Tax Relief for American Families and Workers Act of 2024” is a bipartisan, bicameral effort that among other provisions proposes to:
Beginning in 2024, CHFA is requiring that Annual Owner Certifications for the Housing Tax Credit and CHFA multifamily loan programs be submitted through Insight, which requires Owner registration to electronically submit and sign.
CHFA is happy to share that the latest version of Congress’ proposed 2024 tax bill includes provisions for expanding and enhancing the federal Affordable Housing Tax Credit. The bill passed through the House Ways and Means Committee on Friday with a strong bipartisan vote of 40-3.
Congress is continuing tax bill negotiations in the new year and racing towards a resolution before a January 19th funding deadline. Among these negotiations are crucial advancements to the Affordable Housing Tax Credit that would expand and strengthen the nation’s most important tool for developing and preserving affordable housing.
Wishing you every happiness this holiday season and throughout the coming year.
1876 Analytics is pleased to provide the Colorado Statewide Multifamily Rental Survey for Third Quarter 2023.