housing tax credit enews

The new accelerated state Affordable Housing Tax Credits authorized in HB24-1434 provide Colorado’s affordable housing community with necessary and critical resources available for deployment in 2024.

This week the Colorado General Assembly passed two key bills that will strengthen affordable housing investment in Colorado starting in 2024 and continuing through 2031.

Johnson has served as director of community development and a member of CHFA’s leadership team since 2010, and he has been with the organization since 1996.

Over the weekend, legislators worked diligently to continue their efforts in anticipation of the May 8, 2024 deadline for business.

Applications for CHFA’s Direct Effect Awards are due today, April 26th, by 11:59pm MT.

CHFA is asking our community to reach out to members of Colorado’s House Appropriations Committee today to urge their support for HB24-1434 that expands and strengthens the state Affordable Housing Tax Credit (AHTC).

Passage of HB24-1434 is critical to ensuring Colorado continues its existing momentum and does not move backwards as gap funds availability face increasing pressure and development costs continue to rise.

On May 2nd, the Division of Housing, CHFA, Sherman & Howard, and Kutak Rock are offering an informative webinar for all local officials, developers, and others who want to learn how Private Activity Bonds can be leveraged to build housing in Colorado.

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!

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.

CHFA’s 2023 Housing Tax Credit Scorecard is now available.

Join us to learn why Denver multifamily building owners, developers, and housing executives are investing in energy efficiency.

CHFA was recently made aware of a malicious phishing email that has been sent to several housing developers who are CHFA customers.

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:

The Housing Tax Credit (HTC) world can be difficult to follow, and even tougher to negotiate to successfully operate a property. Join us for a daylong intensive that will give you everything you need to get started.

This legislative session, state Representative Lindstedt, Representative Lindsay, and Senator Bridges have introduced HB24-1316 to establish a Middle-Income Housing Tax Credit (MIHTC) pilot program.

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.

This legislative session, state Representative Bird, Representative Weinberg, Senator Zenzinger, and Senator Simpson will introduce legislation to expand the state Affordable Housing Tax Credit (state AHTC) by $10 million through 2031.

The 2024 Round One Applicant Report is now available on CHFA’s website. This report lists affordable housing developments and their sponsors who have applied for federal 9 percent Housing Tax Credits in Round One.