chfa home finance enews

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.

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.

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.

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

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:

Homeownership is possible. Start by learning the process. CHFA is committed to increasing Black and African American homeownership in Colorado because homeownership isn’t just for now—it can build wealth and community for the future.

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. A full transcript or a copy of the filed tax return including all pages, is acceptable.

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

The CHFA HomeConnection system will be unavailable from 6:00pm MT on Friday, February 23, 2024, until 8:00am MT on Monday, February 26, 2024, while the system undergoes maintenance.

CHFA is committed to increasing Black and African American homeownership in Colorado because homeownership isn’t just for now—it can build wealth and community for the future.

To help lenders best inform their borrowers on CHFA’s process, we’ve created a Steps to Completing CHFA Approved Homebuyer Education flyer.

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 staff will be participating in an all-staff event Friday, February 2, 2024. CHFA’s HomeConnection system will remain operational, allowing lenders to lock new loans and upload documents.

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

CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers, especially in such a challenging year. With the help of our 128 active Participating Lenders, CHFA was able to help 5,671 households achieve homeownership. Below are highlights we’d like to share!

Below is a list of 2024 holidays affecting CHFA Home Finance operations. On days when CHFA is closed, lenders will be able to submit documents; however, loan locks, processing of documents, file check-ins and reviews, and all other CHFA Home Finance operations will not be available.

Effective for new locks made on or after January 8, 2024, use the lower of $ 766,550 or the applicable program loan limit determined by FHA, VA, USDA-RD, Fannie Mae, or Freddie Mac, plus financed MI, MIP, VA Funding Fee, USDA-RD Guarantee Fee, or 203(k) rehab funds (subject to applicable insurer, guarantor, or investor guidelines).

Hispanics are expected to account for 70 percent of homeownership growth over the next 20 years. If you aren't marketing to Hispanic homebuyers, you're missing out on a huge opportunity to expand your market!

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

Happy Holidays! It’s important to plan ahead, so we have included two important reminders regarding: CHFA Operational Hours and Homebuyer Education Certificates.

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

CHFA is proud to announce its Round Two 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.

For any loan closed in 2023 and purchased by CHFA after January 28, 2024*, Participating Lenders are responsible at a minimum for the payment of the first half of required prior year’s property taxes and all previous years’ taxes due.

Information on upcoming training offered by CHFA Home Finance in December 2023.