CHFA is proud to announce it closed on the first Small-scale Housing Permanent Loan (SHIP). The loan will provide $970,000 for Ute Creek Apartments, a 10-unit apartment community in Costilla County.

The apartments consist of one-, two-, and three-bedroom units. They will be leased to tenants with incomes between 80 and 120 percent of the Area Median Income. The units will include Energy Star® appliances and washer/dryer hook-ups.

A pressing housing need in Colorado is for the “missing middle”—renters who can’t qualify for rent-restricted housing but can’t afford market-rate housing. CHFA’s MIAP supports developments serving middle-income households earning between 80 and-120 percent AMI.

In 2021, CHFA invested $3 million to support 132 apartments.

Affordable Housing Development Cost Dashboard

The CHFA Affordable Housing Development Cost Dashboard presents data on the costs of developing affordable housing supported with Housing Tax Credits in Colorado. Data is available from the last five years and can be explored by year, the five-year span, region, credit type, resident population, and development type.

Housing Tax Credit Building Electrification Report

CHFA, in partnership with the Colorado Energy Office (CEO) and the Department of Local Affairs (DOLA), commissioned the Housing Tax Credit Building Electrification Report prepared by Group14 Engineering to advance understanding of the opportunities, benefits, and challenges to building new and preserving existing affordable multifamily housing that is all-electric.

Colorado Affordable Housing Developer’s Guide

CHFA is pleased to announce the launch of the Colorado Affordable Housing Developer’s Guide.

The guide is intended for those who are starting out in development, to help support local for-profit and nonprofit developers, community leaders, and advocates seeking to ensure that safe, decent, and affordable housing is an intentional and integrated part of their community fabric. 

If you know of someone who might benefit from the guide and the upcoming trainings in February and March, please let them know of this new resource.