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An example of a CHFA Multifamily Lending Rural project.

Collegiate Commons
Collegiate Commons
CHFA Customer
Buena Vista, Colorado

Collegiate Commons, Buena Vista

Purpose

New construction of 48 family units

Who the Project Serves

The project serves families and the local workforce with incomes between 30 percent to 60 percent Area Median Income.

Community Impact

As the first Housing Credit supported development in Buena Vista, the project addressed the severe shortage of affordable housing needed to support the diversified economy and year-round service sector jobs. The town officials and employers overwhelmingly supported the project. The property is located two blocks from the town’s Main Street, providing residents with quick access to local resources.

Project Partners

  • Urban, Inc.
  • Colorado Department of Local Affairs

How We Got the Deal Done

Pair with These CHFA Programs

SMART loans can also be paired with the Capital Magnet Fund (CMF) as subordinate debt, as long as the debt coverage and other underwriting terms conform to CHFA Credit Policy.

Contact Multifamily Lending

Questions? Our solution-oriented team will help you find the right program to make your project a success. 1.800.297.2342 

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