CHFA's 2023 Community Report
Featured Articles
CHFA Beneficiary Reports
CHFA’s Beneficiary reports illustrate key demographic information about who CHFA serves across our different program areas. Each report also highlights how CHFA’s customer profile compares to the Colorado market.
CHFA Impact Report
CHFA is pleased to announce that its Board of Directors has appointed Thomas Bryan as executive director and CEO, effective March 1, 2025.
Would you like to help CHFA decide program and product offerings and when changes are needed?
The 2025 Middle-income Housing Tax Credit (MIHTC) Allocation Plan has been approved by CHFA’s Board of Directors and is available now on CHFA’s website.
In this issue: 2024 Year in Review | Subscribe to The Buildout Podcast | Small-scale Housing Technical Assistance Pre-Application Deadline | Middle-income Housing Tax Credit (MIHTC) Stakeholder Meeting
CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers. With the help of our 119 active Participating Lenders, CHFA was able to help 5,291 households achieve homeownership.
On January 30th from 1:00pm to 2:00pm, CHFA will host a Middle-income Housing Tax Credit (MIHTC) Stakeholder Outreach meeting via Zoom.
As many of you know, CHFA’s current Executive Director and CEO, Cris White, announced in September 2024 his intention to retire from CHFA, effective March 2025.
Below is a list of 2025 holidays affecting CHFA Home Finance operations.
Effective for new locks made on or after January 6, 2025, use the lower of $806,500 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).
In partnership with Baird Holm LLP, technical consultant and author, CHFA is pleased to share the Affordable Multifamily Accessibility Comparison Report and it is available on CHFA’s website.
The 2024 Annual Owner Certifications (AOCs) for the Housing Tax Credit and CHFA multifamily loan programs are now available in Insight. Management agents may prepare the form, but the form requires the Owner to electronically submit and sign.
The 2025 draft Middle Income Housing Tax Credit (MIHTC) Allocation Plan is now available for review on CHFA’s website.
Effective for new locks made on or after January 6, 2025, use the lower of $806,500 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).
Information on upcoming training offered by CHFA Home Finance in January 2025.
The 2025 Transit-oriented Communities (TOC) Credit Allocation Plan has been approved by CHFA’s Board of Directors and is available now on CHFA’s website.
Today, we are proud to introduce Episode One of The Buildout, a CHFA podcast. For 50 years, CHFA has worked alongside partners and communities in pursuit of the vision that everyone in Colorado will have the opportunity for housing stability and economic prosperity.
Check off your required training early with our first Fair Housing training of the year. In this webinar, the Denver Metro Fair Housing Center (DMFHC) reviews protected classes under federal and state Fair Housing law, with a focus on recent state laws and tenant protections.
Over the course of eight episodes this season, The Buildout will take listeners across Colorado: from Front Range cities to resort towns to rural communities; from homelessness to homeownership; to the collaborations and innovations to build and preserve affordable housing.
Are you looking to find quick answers to all your CHFA-related questions? Knowing the right resources to use can help. Become a CHFA expert by watching this short video, which breaks down where to find information based on the level of specifics you are looking for.
As you look ahead to 2025, you may be thinking this is the year you’ll buy your first home. You could have slightly better home options and prices than in the last few years, however, mortgage rates are expected to remain elevated, though the rates may moderate somewhat.
CHFA is donating $8,060 to We Don’t Waste, a nonprofit organization based in Denver working to increase food access and protect the planet by rescuing and repurposing food, while educating and advocating to increase food security and decrease food waste.
For any loan closed in 2024 and purchased by CHFA after January 28, 2025, 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.
In this issue: CHFA Announces 2024 Round Two Housing Tax Credit Awards | Introducing The Buildout, a CHFA Podcast | Private Activity Bond (PAB) Stakeholder Meeting | Affordable Housing Preservation Summit
Happy Holidays! It’s important to plan ahead, so we have included two important reminders regarding:
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.
CHFA is pleased to announce that its Board of Directors has appointed Thomas Bryan as executive director and CEO, effective March 1, 2025.
CHFA is donating $8,060 to We Don’t Waste, a nonprofit organization based in Denver working to increase food access and protect the planet by rescuing and repurposing food, while educating and advocating to increase food security and decrease food waste.
CHFA is proud to announce its Round Two 2024 Direct Effect Award recipients.
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 1,169 affordable rental units.
The U.S. Department of the Treasury awarded Colorado Housing and Finance Authority (CHFA) a $4.5 million Capital Magnet Fund (CMF) grant to support the preservation and construction of affordable multifamily rental housing in Colorado.
The United States Department of the Treasury announced that it has allocated $65 million in New Markets Tax Credits (NMTCs) to the Colorado Growth and Revitalization (CGR) Fund. Colorado Housing and Finance Authority (CHFA) administers NMTCs through the CGR Fund...
Great Place To Work® and Fortune have selected Colorado Housing and Finance Authority (CHFA) for the Fortune Best Medium Workplaces™ 2024 List, which is based on analysis of employee survey feedback from Great Place To Work Certified™ companies across the nation that have between 100 and 999 employees.
CHFA's annual David W. Herlinger Golf Tournament raised $150,000 for NEWSED Community Development Corporation (NEWSED) on Tuesday, August 13, 2024.
CHFA is proud to announce its Round One 2024 Direct Effect Award recipients. In this round, CHFA is donating $1,362,000 to 104 nonprofits across Colorado. The average award amount in Round One is $13,096.
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.
CHFA is proud to announce a new program to support Coloradans who have not previously owned a home, and whose parents or guardians were not homeowners.
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.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and Colorado Housing and Finance Authority (CHFA) announced the preliminary selection of three recipients of Proposition 123 Equity program funding.
Today, Gov. Jared Polis, the Colorado Office of Economic Development and International Trade (OEDIT), and the Colorado Housing and Finance Authority (CHFA) announced the preliminary selection of the first six recipients of the voter-approved Proposition 123 Equity program.
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.
Would you like to help CHFA decide program and product offerings and when changes are needed?
The 2025 Middle-income Housing Tax Credit (MIHTC) Allocation Plan has been approved by CHFA’s Board of Directors and is available now on CHFA’s website.
In this issue: 2024 Year in Review | Subscribe to The Buildout Podcast | Small-scale Housing Technical Assistance Pre-Application Deadline | Middle-income Housing Tax Credit (MIHTC) Stakeholder Meeting
CHFA would like to thank all our Participating Lenders for their continued support and dedication to Colorado homebuyers. With the help of our 119 active Participating Lenders, CHFA was able to help 5,291 households achieve homeownership.
On January 30th from 1:00pm to 2:00pm, CHFA will host a Middle-income Housing Tax Credit (MIHTC) Stakeholder Outreach meeting via Zoom.
As many of you know, CHFA’s current Executive Director and CEO, Cris White, announced in September 2024 his intention to retire from CHFA, effective March 2025.
Below is a list of 2025 holidays affecting CHFA Home Finance operations.
Effective for new locks made on or after January 6, 2025, use the lower of $806,500 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).
In partnership with Baird Holm LLP, technical consultant and author, CHFA is pleased to share the Affordable Multifamily Accessibility Comparison Report and it is available on CHFA’s website.
The 2024 Annual Owner Certifications (AOCs) for the Housing Tax Credit and CHFA multifamily loan programs are now available in Insight. Management agents may prepare the form, but the form requires the Owner to electronically submit and sign.
The 2025 draft Middle Income Housing Tax Credit (MIHTC) Allocation Plan is now available for review on CHFA’s website.
Effective for new locks made on or after January 6, 2025, use the lower of $806,500 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).
Information on upcoming training offered by CHFA Home Finance in January 2025.
The 2025 Transit-oriented Communities (TOC) Credit Allocation Plan has been approved by CHFA’s Board of Directors and is available now on CHFA’s website.
Check off your required training early with our first Fair Housing training of the year. In this webinar, the Denver Metro Fair Housing Center (DMFHC) reviews protected classes under federal and state Fair Housing law, with a focus on recent state laws and tenant protections.
Over the course of eight episodes this season, The Buildout will take listeners across Colorado: from Front Range cities to resort towns to rural communities; from homelessness to homeownership; to the collaborations and innovations to build and preserve affordable housing.
Are you looking to find quick answers to all your CHFA-related questions? Knowing the right resources to use can help. Become a CHFA expert by watching this short video, which breaks down where to find information based on the level of specifics you are looking for.
As you look ahead to 2025, you may be thinking this is the year you’ll buy your first home. You could have slightly better home options and prices than in the last few years, however, mortgage rates are expected to remain elevated, though the rates may moderate somewhat.
For any loan closed in 2024 and purchased by CHFA after January 28, 2025, 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.
In this issue: CHFA Announces 2024 Round Two Housing Tax Credit Awards | Introducing The Buildout, a CHFA Podcast | Private Activity Bond (PAB) Stakeholder Meeting | Affordable Housing Preservation Summit
Happy Holidays! It’s important to plan ahead, so we have included two important reminders regarding:
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.
CHFA requires that Annual Owner Certifications (AOCs) for the Housing Tax Credit and CHFA multifamily loan programs be submitted through Insight, which requires Owner registration to electronically submit and sign.
In the meantime, tax credit training continues to be available through CHFA’s basic (ABCs) and advanced compliance videos. This now includes modules which cover tenant income, assets, and student financial assistance that have been reposted to guide customers who have not yet transitioned to HOTMA.
The 2025 Housing Tax Credit Application (2025 V7) is now available on the CHFA website. Older versions of the application will no longer be accepted.