CHFA Newsroom

CHFA is pleased to announce 13 developments have been awarded a reservation of federal 9 percent Housing Tax Credits along with an award of federal 4 percent credit to a paired development.

CHFA was recently awarded $464,414 from the Department of Housing and Urban Development (HUD) through its Comprehensive Housing Counseling Grant Program. The funds will support a total of 11 HUD-approved housing counseling agencies located in Colorado.

CHFA is pleased to announce the promotion of Steve Johnson as CHFA’s new chief operating officer (COO).

CHFA congratulates Maria De Cambra, executive director of the Colorado Department of Local Affairs (DOLA), on her appointment to its board of directors. CHFA’s 11-member board serves as its governing body and is tasked with furthering CHFA’s mission to strengthen Colorado by investing in affordable housing and community development.

CHFA welcomes Kaylee A. Romero as its newest Community Relationship Manager serving the San Luis Valley and surrounding region.

CHFA is donating $33,255 to Kids at Their Best, a nonprofit organization located in Fort Morgan, Colorado focused on inspiring, educating, and empowering young people from low-income families to build resilience and strengthen their life trajectory.

CHFA is proud to announce its Round Two 2023 Direct Effect Award recipients.

Great Place To Work® has selected Colorado Housing and Finance Authority (CHFA) for the Best Workplaces for Parents™ 2023 list.

CHFA is pleased to announce 10 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,110 affordable rental units.

The Colorado Growth and Revitalization Fund (CGR Fund) has received an award of $65 million in federal New Markets Tax Credits (NMTCs), the highest award amount allocated to qualified applicants this year, according to the latest NMTC Program Award Book.

CHFA congratulates Stefka Fanchi, President and Chief Executive Officer of Elevation Community Land Trust, on her appointment to its board of directors.

CHFA is proud to announce the launch of the Homebuyer’s Roadmap. This online, interactive resource gives users the chance to “choose their own adventure,” featuring stops on the homebuying journey that highlight various aspects of purchasing a home, including homebuyer education, understanding credit, selecting a lender, inspections, and appraisals.

Great Place To Work and Fortune have selected Colorado Housing and Finance Authority (CHFA) for the 2023 Fortune Best Workplaces in Financial Services & Insurance List.

CHFA is proud to announce its Round One 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.

CHFA is pleased to announce that Governor Jared Polis has appointed Albus Brooks, Jason Peasley, and Santhosh Ramdoss to its board of directors.

CHFA's annual David W. Herlinger Golf Tournament raised $85,000 for Home Builders Foundation on Wednesday, July 19, 2023.

CHFA is pleased to announce 12 developments were awarded a reservation of federal 9 percent Housing Tax Credits to support the new construction of 605 affordable rental housing units.

CHFA congratulates State Representative Shannon Bird on her appointment to its board of directors. CHFA’s board serves as its governing body, and is tasked with supporting CHFA’s mission.

CHFA is proud to announce its second phase of scholarship funding awarded to Colorado universities. CHFA’s Building the Future Scholarship Fund, launched in 2022, dedicates $1.2 million to support college education across Colorado.

CHFA is proud to announce the promotion of Jerilynn Martinez Francis as CHFA’s new chief communications and community partnerships officer. In her role, Jerilynn will serve as a member of CHFA’s executive team,

Colorado Housing and Finance Authority (CHFA) is donating $5,210 to The Center for African American Health (CAA Health), a nonprofit organization that works to empower African American and Black Metro Denver communities to make informed health decisions that benefit the whole person through education, collaboration, and advocacy.

CHFA is proud to announce its Round Three 2022 Direct Effect Award recipients.

CHFA is pleased to announce 13 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,463 affordable apartments.

CHFA is pleased to welcome Trisha Herman as its newest community relationship manager serving eastern Colorado. In her role, Herman will help CHFA advance its work to strengthen Colorado by investing in affordable housing and economic development.

The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), announced today it has been awarded $50 million in New Markets Tax Credits (NMTC).

Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced funding to support the growth of eight modular housing manufacturers across Colorado.

Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the first 16 recipients of the voter approved Proposition 123 Land Banking funds.

As the Inflation Reduction Act (IRA) rolls out, housing agencies around the country are preparing to deploy additional funds, incentivizing developers to incorporate green designs, and boosting cooperation with state energy offices.

The passage of Proposition 123 by voters in November of 2022 was a historic milestone for Colorado, and indicative of the great need across rural, urban, and mountain communities alike.

Higher interest rates and for-sale prices may be a barrier, but for those ready to plunge into home ownership, the best advice is to get educated.

The Innovative Housing Incentive Program (IHIP), announced today by Governor Polis and the Business Funding & Incentives Division of the Colorado Office of Economic Development and International Trade (OEDIT), introduces new funding opportunities to support the development and expansion of Colorado’s innovative housing manufacturing businesses.

Warren Village, a Denver-based organization focused on helping low-income, single-parent families make the journey from poverty to self-sufficiency is pleased to announce a $26m award from the Colorado Housing and Finance Authority (CHFA).

The projects will have 1,463 income-restricted units between them.

On Thursday morning, Denver City leaders celebrated the grand opening of The Reserves at Green Valley Ranch, a mixed-income apartment complex.

CONCORD, N.H. – Nine organizations have come together to create a financing vehicle that positions homeowners in Colorado manufactured home communities to successfully purchase their neighborhoods when they come up for sale.

A 172-unit development is being built to help meet the housing needs of workers in Breckenridge, Colorado. The new community will serve residents earning between 80% and 120% of the area median income, with studio, one-, two-, and three-bedroom apartment homes.

Adams State University students majoring in the mechanical engineering degree may be eligible for a new Building the Future Scholarship established by the Colorado Housing and Finance Authority (CHFA). CHFA’s Building the Future Scholarship will assist Adams State mechanical engineering majors with educational expenses.

The U.S. Treasury Department has awarded the State of Colorado a State Small Business Credit Initiative (SSBCI) grant. This funding could result in more than $100 million over the next 5+ years to leverage ten times that amount

Lincoln Avenue Capital (LAC), a mission-driven acquirer and developer of affordable housing, announced this week that it closed on the financing for the construction of InterQuest Ridge Apartments.

Construction has begun on Trailhead Community’s affordable housing project in Littleton. The first-of-its-kind apartment complex in Colorado will allocate 50 percent of its 80 units for adults with intellectual and developmental disabilities and the other

Today, the White House and U.S. Department of Treasury are hosting a White House Summit on Building Lasting Eviction Prevention Reform. As funds for Emergency Rental Assistance (ERA) are beginning to wind down,

Fort Lewis College will offer four $2,500 scholarships to students this fall majoring in public health. The college is one of five institutions receiving scholarship funding as part of the CHFA Building the Future Scholarship fund.

CHFA and RentTrack, the multifamily leader and pioneer of reporting rent payments to all three credit reporting agencies, today announce a shared housing and credit solution pilot program. House Bill 21-1134 created the Tenant Credit Reporting Pilot Program, which will be administered by CHFA. The program invites landlords and renters at their properties to voluntarily participate, and aims to emphasize renter populations that are underserved and under-represented in homeownership.

Today, the Colorado Department of the Treasury, Colorado Housing and Finance Authority (CHFA), and Office of Economic Development and International Trade (OEDIT) launched the Colorado Loans for Increasing Mainstreet Business and Economic Recovery (CLIMBER). CLIMBER is a statewide loan fund that will provide up to $250 million in working capital to Colorado small businesses through 2023.

Downtown Colorado Inc. selected four San Luis Valley communities to participate in the 2021 Colorado Challenge Accelerator Program as well as the IN THE GAME: Small Town Challenge Studios April 27-30.

This workshop creates space for a limited number of participants to put pen to paper and develop the first draft of their pet policy prototype. Facilitators will guide participants through exercises to help craft the headings and bullets for a pet policy informed by local laws and resources.

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

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

To celebrate our home mortgage customers for National Homeownership Month and CHFA’s 50th Anniversary, we are hosting the Home is Where My Story Starts contest to give away a free home mortgage payment or $1,000 applied toward their mortgage, whichever is greater!

These programs are exclusively for first-generation homebuyers, offering homeownership for individuals and families who may be less familiar with the homebuying journey since their parents or guardians have not been homeowners.

In this session, CHFA Physical Inspection Officers (PIOs) will review the types of inspections for properties with HUD funding, Housing Tax Credits, and risk-share loans.

Residents and staff at chfareach member properties are invited to join us for a special collaboration with Science Matters in America. Register to receive video instructions and materials to distribute to your residents.

The Violence Against Women (VAWA) Reauthorization Act of 2013 expanded VAWA protections to many affordable housing programs, including the Low Income Housing Tax Credit (LIHTC) Program.

CHFA FirstGeneration and CHFA FirstGeneration Plus provide up to $25,000 in down payment, regardless of first mortgage loan amount, to help first-generation homebuyers access homeownership.

CHFA Celebrates Homeownership Month at Juneteenth Events | Rent Reporting for Credit Pilot Ends, Final Report Sent to Colorado General Assembly | Statewide Outreach Events | Qualified Allocation Plan (QAP) Public Hearings | 2024 David W. Herlinger Golf Tournament

CHFA is pleased to announce that it has made significant programmatic changes to the CHFA HomeAccess Program and is accepting participation from all lenders interested in this program.

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

The draft 2025-2026 Housing Tax Credit Qualified Allocation Plan (QAP) and a summary of changes are now available on CHFA’s website. To seek input on proposed changes to the QAP, CHFA will hold three public hearings.

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.

The Round Two Letter of Intent (LOI) report is now available on CHFA’s website. The report lists affordable housing developments and their sponsors who intend to apply for federal 4 percent and state Housing Tax Credits in Round Two.

Are you facing retirement or turnover of key positions in your organization? Take steps to preserve your institutional knowledge. Transferring and sharing information within the organization is worth millions of dollars and thousands of hours.

CHFA is pleased to announce the publication of a revised and updated CHFA Seller’s Guide. This version is a comprehensive update of the guide and incorporates recent CHFA program and process changes previously announced via CHFA eNews announcements, webinars, and program matrices.

The 2024 Housing Tax Credit Application (2024 v6.2) is now available on the website. Older versions of the application will no longer be accepted.

With CHFA’s focus on creating more homeownership opportunities for communities of color and other underserved populations, we’ve learned that many of these individuals are less familiar with the journey as their parents do not have a history of homeownership.

CHFA Announces 2024 Round One Housing Tax Credit Awards | Legislation That Strengthens Affordable Housing Investments Signed into Law | Homeownership Contest for CHFA Customers to be Held in June | Upcoming Homebuyer Events | CHFA Awarded Funds Through Housing Counseling Grant Program

To celebrate our home mortgage customers for National Homeownership Month and CHFA’s 50th Anniversary, we are hosting the Home is Where My Story Starts contest to give away a free home mortgage payment or $1,000 applied toward their mortgage, whichever is greater!

The amended 2023-2024 Qualified Allocation Plan (QAP) is now available on CHFA’s website. The amendments address the implementation of increased state Affordable Housing Tax Credits authorized by recently passed legislation, HB24-1434, signed into law by Governor Polis on May 30, 2024.

CHFA has completed its first allocation round of 2024. Twenty-three applications were received seeking a total of $32,650,666 million in federal 9 percent credit. CHFA is conditionally awarding $18,272,881 million in federal 9 percent credit to 13 developments as well as $1,840,510 in federal 4 percent credit to support a paired development.

Own Your Tomorrow Microsite: Your Homebuying Resource | CHFA understands the importance of growing, supporting, and celebrating stronger communities.

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.