I just wanted to take a moment to let you know how great it was to connect with our customers and industry colleagues from around the country at the conference. Once again, the conference was well organized and engaging. As we all work to continue to provide housing in this volatile time with uncertainty around interest rates and investor yields, we are finding new challenges we must address to get projects done. I am personally hopeful that there’s momentum in Congress to pass legislation to expand the Housing Tax Credit program and make Private Activity Bond cap go further. As with most important things, they will take time, but I’m optimistic about the future of our industry.

Please reach out if you are struggling to find project financing—we are here to help. Don’t forget, our role as a housing and finance authority allow us to provide flexible financing programs to help you reach your goals.

Terry Barnard,

Multifamily Production and Outreach Manager

On October 5th, Robinson Place celebrated their grand opening. Developed by Archway Communities, Robinson Place provides 67 one- and two-bedroom apartment homes for individuals and veterans aged 62 and older earning between 30 and 60 percent of the Area Median Income. Some units are ADA-compatible, and 15 units are reserved for the HUD-Veterans Affairs Supportive Housing (HUD-VASH) program.

All residents benefit from an onsite Supportive Services Coordinator who organizes community events and outings, a weekly food bank, and health and wellness activities. In addition, those residents participating in the HUD-VASH program will receive rental assistance along with case management and clinical services. Property amenities include a communal kitchen, lounge space, and library as well as outdoor features that include a “great lawn,” smaller outdoor gathering spaces, raised garden beds, and a dog park. 

CHFA was proud to support the development with a $6.23 million Sizeable Multifamily Affordable Risk Share Tool (SMART) loan, a $600,000 Capital Magnet Fund (CMF) loan, and a $150,000 CMF grant. CHFA Community Development Director Steve Johnson spoke at the event.

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status or any other status protected by applicable 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.