chfa announces 2024 round one housing tax credit awards

(DENVER) – Colorado Housing and Finance Authority (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. In total, these developments will support 703 affordable rental housing units to serve various housing needs in Colorado including supporting individuals and families who are transitioning out of homelessness, individuals with intellectual and developmental disabilities (IDD), older adults, and households with low and moderate incomes. The total private sector equity investment estimated to be generated from the federal tax credits awarded exceeds $158.9 million.

Since the program was created in 1986, CHFA has served as the allocating agency for Housing Tax Credits in Colorado. Tax credits are the most widely used tool for financing affordable rental housing in the nation. Since its inception, the program has helped build or preserve more than 83,000 affordable rental housing units in Colorado.

The following is a list of the developments receiving award reservations. View full development descriptions, and the 2024 Round One Award Report.

Annex, Boulder
Developer: Grace Commons Church

Aster Place, Battlement Mesa
Developer: Lincoln Avenue Communities

Beeler Park Flats, Denver
Developer: Mile High Development

Current, Grand Junction
Developer: Grand Junction Housing Authority

Grove at Cottonwood, Broomfield
Developers: Blueline Development Group and Broomfield Housing Alliance

Iliff Senior Apartments, Denver
Developer: MGL Partners

Kappa Tower III, Denver
Developer: Kappa Housing, Inc.

Montview Flats, Littleton
Developer: South Metro Housing Options

Range View, Saguache
Developer: Northwest Real Estate Development Capital Corp.

Residences at Delta II, Delta
Developer: TWG Development, LLC

Sanctuary on Potomac, Aurora
Developer: Aurora Housing Authority

Sunrise at Shiloh Mesa, Colorado Springs
Developer: Greccio Housing

Viña Senior Residences, Denver
Developer: CV Colorado, LLC

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