Proposition 123:

Program Updates

March 13, 2024

Equity Program Applications Accepted Starting March 18 - Update

Update: We identified a calculation error on the Financial Performance Tab within the applications and have corrected the issue. Please refer to the updated documents on the Affordable Housing Financing Fund website.

Starting Monday, March 18th, applications for the Proposition 123 Equity program will be accepted. This acceptance period will remain open until the end of the business day on Thursday, April 18th. Following the application period, awards will be announced in July.

The applications are currently available on the Affordable Housing Financing Fund website for early reference, prior to the beginning of the acceptance period.

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 program earnings, will be required for developments receiving Equity financing. Application documents and program guidelines are available on the Affordable Housing Financing Fund website.

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.

Equity Program Application Webinar

A webinar will be held Friday, March 22nd, from 1:00pm to 2:00pm to discuss the application for the Equity program. The webinar will review the application process and requirements, and time will be allotted for Q&A. Prospective applicants are not required to attend this webinar, and a recording will be sent to all registrants.

Equity Program Application Webinar

March 22, 2024

1:00pm to 2:00pm

Register here

This meeting will be recorded by the presenter. If you do not want to participate in a recorded meeting, please do not connect to the call. A recording will be available for viewing in the future on the Affordable Housing Financing Fund website. Please be advised that as a political subdivision of the state of Colorado, CHFA is subject to the Colorado Open Records Act, which requires CHFA to permit inspection and copying of certain public records. The recording may be subject to the Act. Please do not share any confidential information if you join the call.

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.