multifamily lending enews

Congratulations to StarRise at North Weld Village in Greeley, which held a grand opening event this month.

CHFA recently supported Silver Cliff Duplexes in Silver Cliff with $1,537,515 in financing through its Small-scale Housing Permanent Loan program.

Congratulations to Bentley Commons Apartments in Colorado Springs, which held a grand opening event this month. CHFA was proud to celebrate with GPR Properties and support Bentley Commons and its residents.

CHFA recently supported Vina Senior Residences in Denver with $13,745,050 in financing through its Partnership-to-Perm Affordable Bond Loan (PAIRABLE) program, $5,305,900 in permanent financing through the Sizeable Multifamily Affordable Risk Share Tool (SMART), and $715,000 through the CHFA Housing Opportunity Fund (CHFA HOF).

CHFA is improving the way we do business. We’ve heard you and are making our closing process faster and more streamlined to get your project moving forward more quickly.

CHFA had the privilege of taking part in a groundbreaking celebration and a grand opening celebration in June for two developments supported with CHFA multifamily loans.

CHFA recently introduced a new loan term for the Small Multifamily Permanent Loan (SIMPLE). You now have the option of a 35- or 40-year term and amortization.

CHFA recently provided financing for The Vista at Greyhound Park in Commerce City. Sponsored by Delwest, the development will provide 120 affordable rental townhomes serving households with incomes between 70 percent and 90 percent of the Area Median Income (AMI).

Congratulations to Hughes Station in Brighton, which hosted a grand renovation event this month. CHFA is proud to celebrate with the Brighton Housing Authority and support Hughes Station and its residents in the renovation of 120 affordable apartments serving families...

CHFA recently provided financing to support the preservation and renovation of 96 existing units and new construction of 24 additional units at Gateway Village Apartments in Fort Morgan.

CHFA’s new Middle-income Housing Tax Credit (MIHTC) program is underway and supports the development of affordable rental housing serving Coloradans whose incomes range from 80 to 120 percent of the Area Median Income (AMI) and up to 140 percent AMI in rural resort counties.

CHFA recently provided financing to help the resident cooperative purchase the Meadowood Cooperative MHC manufactured home community in Littleton with a $1,184,545 Colorado ROC Acquisition Fund participation loan.

CHFA is pleased to announce the dates for its 2025 Direct Effect Awards.

CHFA believes Colorado will be stronger when everyone has access to safe, secure, and affordable housing. In 2024, CHFA Multifamily Lending was honored to serve the community by helping developers finance the new construction or preservation of 2,051 affordable rental housing units, with $314,408,591 invested in loans.

Thank you to all of our customers and industry partners who made a record number of multifamily loan commitments at CHFA possible in 2024. CHFA saw the highest number of commitments in its history, totaling $245.4 million as of the date of this eNews.

Wishing you every happiness this holiday season and throughout the coming year.

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.

We are interested in your experiences using the CHFA website. We would like to invite you to participate in an anonymous survey to help us ensure that chfainfo.com is user-friendly, up-to-date, and meets your needs.

CHFA recently supported Prairie Run Apartments in Hayden with a $6,000,000 construction to permanent Middle-income Access program (MIAP) loan.

CHFA was proud to provide permanent financing for Vance Street Flats in Arvada through a $3,400,000 loan made through the Small Multifamily Permanent Loan (SIMPLE) program alongside a $950,000 Capital Magnet Fund (CMF) loan.

As CHFA’s Board Chair, I can say without question that Cris will be tremendously missed. We trust and value Cris’ leadership and the culture of excellence he has cultivated during his tenure. His impact has been transformational for CHFA and its mission.

CHFA was proud to support the Crawford Townhomes development in Pueblo through its SIMPLE loan program alongside a Capital Magnet Fund (CMF) loan and a CMF grant.

Earlier today, I shared with the Board of Directors my intention to retire as CHFA’s Executive Director and CEO effective March 2025.

Applications for CHFA’s Direct Effect Awards are due today, September 13th, by 11:59pm MT.

CHFA was proud to support Overlook at Uplands, a new construction project in Westminster, with a construction-to-permanent loan of $67,173,000.