Proposition 123:

Program Updates

April 10, 2024

Equity Program Application Update and Reminder

Updated versions of the Equity program application documents are now available on the Affordable Housing Financing Fund website. These versions, 1.3, include an update that incorporates 2024 rent and income limits.

Please note that applicants who have already started their application using a prior version may contact equity@chfainfo.com for assistance in applying this update to their application.

Equity Program Application Deadline

The application acceptance period for the Equity program established by Proposition 123 will remain open until the end of the business day (5:00pm MT) on Thursday, April 18th. Following the application period, awards will be announced in July.

Applications and program guidelines are available on the Affordable Housing Financing Fund website.

The Equity program provides below-market-rate equity investments to eligible for-profit and nonprofit entities for the construction or preservation of low- and middle-income multifamily rental developments. A Tenant Equity Vehicle (TEV), funded through Proposition 123 program earnings, will be established by OEDIT, CHFA, and a third-party administrator to benefit the residents of developments that receive Equity financing.

Projects applying for funding from the Equity program must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing. Learn more on DOLA’s website. You may also view jurisdictions that have filed 2023 Commitments.

Questions about the Equity program may be submitted to equity@chfainfo.com, and more information about the program is available on the Affordable Housing Financing Fund website.  

Contact

ColoradoAffordableHousingFinancingFund.com

AHFF@chfainfo.com

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.