CHFA Newsroom

CHFA is pleased to welcome Colorado State Senator Marc Snyder to its board of directors. CHFA’s board serves as its governing body and is tasked with supporting CHFA’s mission to strengthen Colorado by investing in affordable housing and community development.

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.

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.

This bipartisan legislation would expand and strengthen the federal Housing Tax Credit through key provisions including:

Are you new to CHFA and wondering how to use our reservation system, CHFA HomeConnection? Learn how to navigate HomeConnection by watching this short video, which breaks down how to lock a loan and how to update details of a locked loan.

Quadel’s updated “LIHTC Compliance Specialist” certification provides an in-depth introduction to the Low Income Housing Tax Credit (LIHTC) program. This comprehensive course equips participants with the knowledge and skills necessary to effectively manage LIHTC properties and ensure compliance with program regulations.

CHFA is pleased to announce the application for the first round of 2025 Direct Effect Awards is now open. Please visit www.chfainfo.com/directeffect to apply and learn more.

We are pleased to share the 2024 scorecard highlighting awards and how they align with the Qualified Allocation Plan’s Guiding Principles and Priorities to help meet needs across Colorado.

CHFA requires tax returns for certain CHFA Programs. When tax returns are required, CHFA will require a 2024 tax return for loans locked on or after April 15, 2025. A full transcript or a copy of the filed tax return including all pages is acceptable.

Housing professionals work with diverse tenants, staff, and service providers, each bringing unique cultural perspectives on communication, professionalism, and feedback.

CHFA has published a list of applications received for the Proposition 123 Equity program. The Equity Applications list may be viewed on the Affordable Housing Financing Fund website.

Information on upcoming training offered by CHFA Home Finance in April 2025.

Effective April 7, 2025, CHFA will no longer provide Second Mortgage Loan Estimate or Second Mortgage Closing Disclosure forms for use by our Participating Lenders.

CHFA recently provided financing to support the preservation and renovation of 96 existing units and new construction of 24 additional units at Gateway Village Apartments in Fort Morgan.

The 2025 Middle-income Housing Tax Credit (MIHTC) 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 MIHTC.

Even the most organized among us face distractions, interruptions, and “fires” that leave our to-do list untouched.

CHFA will hold a public hearing in Colorado regarding the 2025-2026 Housing Tax Credit Qualified Allocation Plan (the QAP) and 2025 Middle-income Housing Tax Credit Allocation Plan (the MIHTC Plan).

In this issue: CHFA’s 2024 Community Report | CHFA Welcomes State Senator Marc Snyder to Board of Directors | Building Legacy: A Black Homeownership Series Begins March 22nd | Direct Effect Awards Applications Accepted Starting April 1st

Black and African American households are seeing success becoming first-time homebuyers. A recent survey from Zillow finds Black and African American first-time homebuyers have experienced the strongest rebound as first-time homebuyer rates have declined nationally.

As a reminder, applications and details about how to apply for the Proposition 123 Equity program are available now on the Affordable Housing Financing Fund website. The application submission period will end at 5:00pm MT on Tuesday, March 18, 2025.

CHFA’s new Middle-income Housing Tax Credit (MIHTC) program is underway and supports the development of affordable rental housing serving Coloradans whose incomes range from 80 to 120 percent of the Area Median Income (AMI) and up to 140 percent AMI in rural resort counties.

CHFA’s 2024 Community Report is now available online. In the report, learn how CHFA invested $2.6 billion to support affordable housing and community development in 2024.

CHFA is currently accepting Letters of Intent (LOIs) for Middle-income Housing Tax Credit (MIHTC) applications. Click here to access the LOI submission system. Concept meetings may also be requested.

CHFA and the Office of Economic Development of International Trade (OEDIT) are pleased to announce the selection of Stake as the third-party administrator of the Tenant Equity Vehicle (TEV), which will benefit residents of developments that receive Equity financing from the Proposition 123 Equity program.

Effective April 7, 2025, CHFA will no longer provide Second Mortgage Loan Estimate or Second Mortgage Closing Disclosure forms for use by our Participating Lenders.

This course introduces basic OSHA standards and explains OSHA’s Multi-Employer Worksite Policy, focusing on the elements of maintaining proper documentation for training, enforcement, abatement, and reprimand.

On behalf of our partners at the Department of Local Affairs (DOLA) and the Office of Economic Development and International Trade (OEDIT), CHFA is passing along a new resource from DOLA. The Child Care Facility Development Toolkit is now available on the DOLA website.

In June 2024, CHFA announced that it made significant programmatic changes to the CHFA HomeAccesss Program. To further align our processes and create efficiencies, CHFA is making additional changes.