Proposition 123:

Program Updates

September 22, 2023

The Colorado Affordable Housing Financing Fund supports land banking, equity, and concessionary debt for affordable housing.

Land Banking Application Announcement

Dear Colorado Proposition 123 Stakeholders:

As previously shared, CHFA received 113 LOIs from organizations seeking more than $255M in the FY22-23 Land Banking round. Based on the maximum statutory allowance, approximately $24.5M is available for deployment via the Land Banking program.

Given the significant demand for funds, CHFA and OEDIT have determined that a competitive application process will be required. Twenty-five LOI submissions representing $46.9M have been invited to apply. This initial determination was made based on the following criteria:

Readiness to proceed (shovel ready)
Development Plan status
Financial feasibility
Geographic distribution
Dollar amount of request
Total number of units proposed

Click here to view the list of organizations and projects invited to apply.

Those not invited to apply at this time and future interested applicants will have the opportunity to submit an LOI for consideration for the 23-24 fiscal year, details of which will be announced as soon as possible.

We are excited to continue to implement Proposition 123 programs and help to meet the affordable housing needs of Colorado.

Click here to learn more about the Land Banking program and program guidelines. For more information, or if you have questions, please contact CHFA at landbanking@chfainfo.com.

Contact

ColoradoAffordableHousingFinancingFund.com

AHFF@chfainfo.com

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.