November 16, 2022

important tax news: payment of property taxes

For any loan closed in 2022 and purchased by CHFA after January 27, 2023, Participating Lenders are responsible at a minimum for the payment of the first half of required prior year’s property taxes and all previous years’ taxes due.

For any purchase loan closed on or after January 1st, all prior years’ property taxes must be paid at the time of closing.

CHFA will require proof of property tax payments prior to loan purchase.

Loan Closing (or Disbursement) Date	CHFA Purchase Date	Property Taxes Required to be Paid Prior to CHFA Purchase
2022	After 01.27.2023	First half of required 2022 taxes, including any outstanding balance from previous years
2023	On or After 01.01.2023	2022 taxes must be paid in full, including any outstanding balance from previous years

Please contact us with any questions or for more information.

CHFA Home Finance
Homeownership@chfainfo.com
303.297.7376 or 888.320.3688 Denver
970.241.2341 or 800.877.8450 Western Slope

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