The need to preserve multifamily rental housing across Colorado has been a consistent challenge. As the state housing finance agency with a mission to finance affordable housing, CHFA created the CAHP Fund to help preserve affordable housing statewide.
The Colorado Affordable Housing Preservation Fund (CAHP) program provides reliable acquisition financing to help developers move quickly to compete with market buyers. This second mortgage product provides a more flexible structure and pairs with first mortgages from CHFA or other lenders to leverage maximum funding opportunities.