With over 45 years of experience, CHFA Multifamily Lending is your trusted partner. Together, we can build stronger communities by providing safe, secure, and

affordable homes for our fellow Coloradans.

project feature: rose mountain townhomes, pagosa springs

In March, CHFA provided a $1,075,000 Small Multifamily Permanent Loan (SIMPLE), $600,000 Capital Magnet Fund loan, and $150,000 Capital Magnet Fund grant to support the construction of Rose Mountain Townhomes. Developed by the Archuleta Housing Authority, Rose Mountain Townhomes will provide 34 one-, two, and three-bedroom units of housing affordable to families earning between 30 and 60 percent of Area Median Income (AMI). The loan and grant funds are in addition to and leverage a federal 9 percent Housing Tax Credit award made in 2019.

The property is within one-half mile from Main Street and is adjacent to a senior center and community center. Residents will enjoy a clubhouse, picnic area, and playground.

This affordable housing was made possible by the generous gestures of local municipalities; the land will be owned by Archuleta County and leased to the borrower (through the sponsor) for $1 for 99 years, and the Town of Pagosa Springs is waiving $406,000 in various water, sewer, and permit fees.

SIMPLE provides up to $3 million in uninsured permanent financing for 9 percent Housing Credit projects. CHFA’s Capital Magnet Fund (CMF) provides up to $750,000 in flexible gap financing for Housing Tax Credit projects located in eligible areas and serving incomes at or below 50 percent of AMI.

groundbreaking: smith ranch workforce, silverthorne

On Tuesday, April 11th, a groundbreaking and opening celebration was held for Smith Ranch Workforce in Silverthorne. The Project will consist of 70 units for local Silverthorne workforce earning from 80 to 120 percent of the AMI. These units will be available to Summit County employees who works at least 30 hours per week in Summit County as a first priority.

The community, consisting of three-story, walk-up, garden apartments is in proximity to transportation and connection to job centers, supportive services, government offices, recreational spaces, schools, and shopping. Project amenities include a central laundry, EV charging station, club room, fitness center, and bike storage.

CHFA was proud to support Smith Ranch by providing a $4 million Middle Income Access Program (MIAP) permanent loan.

Learn about MIAP

national housing and rehabilitation association developers forum: may 3-4, 2023

If you are planning to attend the NH&RA Annual Conference in Denver, we hope you are able to join sessions in which CHFA staff are participating. We are pleased to be asked to present on the following panels:

Housing the Middle Income Workforce, May 3rd, Lynn Archuleta, CHFA
Closing Bond Deals in Today’s Interest Rate Environment, May 4, Denver Maw, CHFA

Learn more about the conference

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Our solution-oriented team will help you find the right program to make your project a success. Connect with us today at 1.800.297.2342 or MF-Lending@chfainfo.com.

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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.