November 2022
CHFA eNews
in this issue
  • CHFA Hires New Community Relationship Manager Serving Eastern Colorado
  • CHFA Announces Round Two 2022 Housing Tax Credit Awards
  • $50 Million In New Markets Tax Credits Awarded to Support Community Development
  • Election Results Affecting Affordable Housing
  • Colorado Fresh Food Financing Fund Grows Opportunities to Support Food Access
  • Innovative Funding Pool Enables Colorado Homeowners in Mobile Home Parks to Capitalize on 2020 Community Purchase Law
  • Local Community Engagement: Montrose, Delta, and Buena Vista
  • CHFA's Like it Forward Social Media Campaign Benefits Center for African American Health
  • Affordable Rental Housing Communities Celebrate Development Milestones
chfa hires new community relationship manager serving eastern colorado
CHFA is pleased to welcome Trisha Herman as its newest Community Relationship Manager serving eastern Colorado. In her role, Herman will help CHFA advance its work to strengthen Colorado by investing in affordable housing and economic development. Herman is based in Holyoke and will support Cheyenne, Kit Carson, Lincoln, Logan, Morgan, Phillips, Sedgwick, Washington, Weld, and Yuma counties.
chfa announces round two 2022 housing tax credit awards
CHFA is pleased to announce 13 developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction or preservation of 1,373 affordable apartments. These developments will seek to address various housing needs in Colorado, supporting individuals, families, homeless households, veterans, and adults ages 55 and older.

Developments supported will be located in Arvada, Aurora, Boulder, Colorado Springs, Denver, Fort Collins, Lafayette, Lone Tree, and Silverthorne.
$50 million in new markets tax credits awarded to support community development
The Colorado Growth and Revitalization Fund (CGR Fund), administered by Colorado Housing and Finance Authority (CHFA), has been awarded $50 million in New Markets Tax Credits (NMTC). NMTC are designed to generate private-sector investment in underserved communities by supporting local businesses or nonprofits that directly benefit current residents, by either hiring from within the community, and/or providing community services. The CGR Fund uses NMTC to support projects such as community facilities, mixed-use developments, and businesses that pay living wages.
election results affecting affordable housing
The November 2022 election resulted in several new and expanded resources to support affordable housing in Colorado. Most notably, voters passed Proposition 123 which creates a permanent and dedicated statewide fund for affordable housing. In addition, 27 local ballot measures that sought to increase the available tools within local communities’ toolboxes to address affordable housing were brought forward, with voters passing 21 and rejecting six.
colorado fresh food financing fund grows opportunities to support food access
The Colorado Fresh Food Financing Fund (CO4F) offers financial resources to increase access to affordable, healthy, and culturally relevant food, particularly in communities with lower incomes and limited healthy options. CO4F, administered by CHFA, recently expanded its program to support a wider range of projects and address structural inequities in Colorado’s food system.
innovative funding pool enables colorado homeowners in mobile home parks to capitalize on 2020 community purchase law
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. ROC USA® Capital and Thistle Community Housing collaborated with banks and nonprofits to secure a $55 million capital pool last month. CHFA contributed $10 million. State law gives Colorado homeowners a short window to organize and secure financing to match a competing offer when their community is for sale.
local community engagement: montrose, delta, and buena vista
CHFA was proud to sponsor and participate in the following events to learn more about affordable housing and community development needs in local communities:

  • Outdoor Industry Summit, Montrose
  • Delta Housing Summit, Delta
  • Buena Vista Chamber of Commerce Networking Series, Buena Vista
chfa’s like it forward social media campaign benefits center for african american health
Like It Forward is CHFA’s annual social media campaign to benefit Colorado nonprofits whose work aligns with CHFA’s mission to invest in affordable housing and community development. This year’s Like It Forward campaign benefits The Center for African American Health (CAA Health), a nonprofit serving African American and Black Metro Denver communities by offering culturally responsive resources that support them in overcoming the root causes of health problems so they can maximize their individual and family health.

Now through December 15th, please visit CHFA's Facebook, Twitter, and Instagram pages to like and share #LikeItForward22 posts, which feature information about CAA Health. For each like and share the posts receive, CHFA will donate $5 to CAA Health.
affordable rental housing communities celebrate development milestones
Congratulations to the following developments on their recent groundbreakings and grand openings. CHFA is proud to partner with these development teams.

  • Cadence Grand Opening, Fort Collins 
  • Calkins Commons Grand Opening, Cortez 
  • Grace Apartments Grand Re-opening, Denver 
  • InterQuest Ridge Groundbreaking, Colorado Springs 
  • The Iron Horse Grand Opening, Alamosa 
  • Northwest Apartments Groundbreaking, Broomfield
  • The Reserves at Green Valley Ranch Grand Opening, Denver 
  • Ridgway Space to Create Grand Opening, Ridgway 
  • Trinidad Space to Create Grand Opening, Trinidad 

Pictured: The Iron Horse Grand Opening in Alamosa
contact us
For more information, please contact CHFA.

CHFA Community Relationship Managers:
Trisha Herman, Community Relationship Manager - Eastern Colorado,
970.812.1151
Jeff Owsley, Community Relationship Manager – South Central Colorado, 719.569.4484
Caroline Trani, Community Relationship Manager – Southern Colorado, 719.569.5353
Chris Lopez, Community Relationship Manager – Southwest Colorado, 970.812.1142
Margie Joy, Community Relationship Manager – Western Slope Colorado, 970.812.1150
Jerilynn Martinez Francis, Director, Marketing and Community Relations
Stay informed by signing up for this Community Connections eNewsletter. This bimonthly eNewsletter provides general CHFA news along with a closer look at how local communities are addressing their unique affordable housing and economic development needs. 
With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority does not discriminate on the basis of race, color, religion, sex, age, national origin, disability, or any other protected classification under federal, state, or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656, CHFA, 1981 Blake Street, Denver, Colorado 80202-1272, available weekdays 8:00am to 5:00pm.