multifamily lending enews

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.

CHFA is pleased to announce the application for the second round of 2024 Direct Effect Awards is now open.

This month, CHFA had the privelege of attending a showcase event for West Holden Place, a middle-income modular housing development in Denver’s Sun Valley neighborhood.

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.

The Senate is preparing to vote on a critical tax bill that would expand and enhance affordable housing tax credits and bonds. Among other provisions, the tax bill would:

CHFA is pleased to announce the promotion of Kristi Budish to director of community development. Budish has been a member of CHFA’s staff since 2010, most recently serving as manager of commercial operations and underwriting.

Earlier this month, CHFA had the privilege of taking part in grand opening celebrations for two developments supported by CHFA multifamily loans.

Join us for the 2024 Housing Colorado statewide outreach and engagement series.

This year’s beneficiary is NEWSED Community Development Corporation. NEWSED promotes community development to underserved populations in Colorado by providing navigation for housing services, nurturing small businesses, and promoting asset creation.

CHFA had the opportunity to take part in the grand opening of Lyons Valley Townhomes in April. Developed by Summit Housing Group, Lyons Valley Townhomes includes 40 affordable rental homes for households with incomes at 60 percent of Area Median Income (AMI) and below.