March 2023
CHFA eNews
in this issue
  • Proposition 123 - Affordable Housing Financing Fund Stakeholder Engagement Meeting
  • 2022 CHFA Community Report
  • CHFA Direct Effect Awards 2023 - Round One Applications Open May 1
  • Cris White Recognized with Lifetime Achievement Award
  • Biden Administration Releases Fiscal Year 2024 Budget Request
  • CHFA First Look for Nonprofits: Keeping Colorado Homes Affordable
  • Save the Date: David W. Herlinger Golf Tournament
proposition 123 - affordable housing financing fund stakeholder engagement meeting on april 4
Colorado Housing and Finance Authority (CHFA) and the Colorado Office of Economic Development and International Trade (OEDIT) invite you to attend a virtual stakeholder meeting on Tuesday, April 4th,
from 3:00pm to 5:00pm to help inform implementation of the Affordable Housing Financing Fund programs authorized in Proposition 123 including, Land Banking, Concessionary Debt, and Concessionary Equity.
chfa's 2022 community report
CHFA’s 2022 Community Report is now available. In the report, learn how CHFA invested $3 billion to support affordable housing and community development in 2022. Highlights include how CHFA increased community engagement, strengthened programs, and was proud to assist Coloradans by:

  • Serving more than 6,500 customers through CHFA’s home mortgage loan programs

  • Helping developers create or preserve more than 7,200 affordable rental housing units with multifamily loans and/or Housing Tax Credits

  • Supporting over 4,200 jobs by serving nearly 600 businesses with business lending programs

  • Assisting more than 300 communities and nonprofits statewide with CHFA donations, grants, and volunteerism

The CHFA 2022 Community Report is available in a new online format and includes a printed companion.
chfa direct effect awards 2023 - round one applications open may 1
Direct Effect Awards are an opportunity for CHFA to recognize and support Colorado nonprofits whose missions align with our work to strengthen Colorado by investing in affordable housing and community development. The maximum donation amount is $30,000. In 2022, the average donation amount was $13,886.

Please visit www.chfainfo.com/directeffect to learn more. 2023 Direct Effect Schedule In 2023, CHFA will have two rounds of Direct Effect Awards.

Round One: Application will open May 1st and close May 31st. Awardees will be notified in late July 2023.

Round Two: Application will open September 1st and close September 29th. Awardees will be notified in early December 2023.
cris white recognized with lifetime achievement award
Congratulations to Cris White, CHFA Executive Director and CEO! Cris has received the 2023 Smith’s Lifetime Achievement Award in Affordable Housing Finance from the Smith 2023 Affordable Housing Finance Conference Committee.

“Mr. White has worked tirelessly over the past three decades to advance the public purpose of assisting first-time homebuyers and working families to access affordable housing. His work has advanced the efficiency of single family and multifamily financing. He has created public good, in the form of economic diversity and community-based housing stability,” said Terence Smith, Smith’s Research & Gradings CEO.

Pictured left to right is: Alan Jaffe, Cris White, Terry Smith
biden administration releases fiscal year 2024 budget request
The Biden Administration released its $6.9 trillion fiscal year (FY) 2024 budget request, outlining its fiscal priorities. Among the provisions included, the budget proposes $73 billion for HUD programs and approximately $1.4 billion in new mandatory spending for various housing production, capital investment, eviction prevention, and targeted voucher programs.

Notably, the budget includes NCHSA and CHFA’s top priorities that historically have been included in the Affordable Housing Credit Improvement Act including:

  • Increasing the Housing Credit cap; and

  • Lowering the financed by bond threshold from 50% to 25%.

In addition, the budget proposes that Congress pass the Neighborhood Home Investment Credit to promote the construction and rehabilitation of affordable owner-occupied housing in distressed neighborhoods.
chfa first look for nonprofits: keeping colorado homes affordable
CHFA First Look is designed to help support affordable housing efforts by allowing community-based housing nonprofits the opportunity to purchase CHFA's foreclosed and other real estate owned (REO) single family homes in Colorado.

In addition to keeping single family homes in homeownership, the First Look program can stabilize neighborhoods by facilitating mission-driven agencies to purchase, rehabilitate, and resell the homes as affordable.

We have several nonprofits signed up to participate and have already completed some deals, including homes in:

  • La Junta, which will be used to house patients from a nearby medical facility;
  • Denver, which was placed in a Land Trust, keeping it affordable for the next 99 years; and 
  • San Luis Valley, which will become available as part of a single family affordable rental program.
 
If you are interested in participating, please visit chfainfo.com/FirstLook to learn more.
save the date: david w. herlinger golf tournament
CHFA’s 2023 David W. Herlinger Golf Tournament will be held on Wednesday, July 19th, at Fossil Trace Golf Course in Golden, Colorado.

This year’s beneficiary is the Home Builders Foundation. Home Builders Foundation (HBF) is celebrating 30 years of building independence for those living with physical disabilities. Since 1993, home modifications completed by HBF—including ramps, room alterations, bathrooms, and more—have elevated the lives of 2,000+ individuals and their families. Skilled volunteers and collaborative partners come together to create home modifications that empower greater access, reinforce safety, and equip clients with the ability to tackle everyday tasks. To learn more about HBF, visit hbfdenver.org.

More information will be coming soon. Visit chfainfo.com/golf for updates. We hope to see you there!
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, Chief Communications and Community Partnerships Officer
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.