- CHFA Announces 2024 Round One Housing Tax Credit Awards
- Legislation That Strengthens Affordable Housing Investments Signed into Law
- Homeownership Contest for CHFA Customers to be Held in June
- Upcoming Homebuyer Events
- CHFA Awarded Funds Through Housing Counseling Grant Program
- Steve Johnson Named CHFA Chief Operating Officer
- CHFA in the Community
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chfa announces 2024 round one housing tax credit awards | |
This week, CHFA announced that 13 developments were awarded a reservation of federal 9 percent Housing Tax Credits along with an award of federal 4 percent credit to a paired development. In total, these developments will support 703 affordable rental housing units in Colorado, and the total private sector equity investment estimated to be generated from the federal tax credits in this round exceeds $158.9 million.
Since the program was created in 1986, CHFA has served as the allocating agency for Housing Tax Credits in Colorado. Tax credits are the most widely used tool for financing affordable rental housing in the nation. Since its inception, the program has helped build or preserve more than 83,000 affordable rental housing units in Colorado.
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legislation that strengthens affordable housing investments signed into law | |
During the 2024 legislative session, CHFA voiced support for two key bills that will strengthen affordable housing investment in Colorado. These bills were both passed by the Colorado General Assembly and were signed into law by Governor Jared Polis on Thursday, May 30th. CHFA is grateful for the leadership and support of bill sponsors, Governor Polis, and the bipartisan and broad-based coalition of housing, business, and community advocates who championed these important efforts.
HB24-1434, sponsored by Representative Bird, Representative Weinberg, Senator Zenzinger, and Senator Simpson, will strengthen and expand Colorado’s state Affordable Housing Tax Credit starting in 2024 and continuing through 2031. The bill also provides a new Transit Oriented Communities (TOC) Tax Credit for deployment beginning in 2025-2029, which works in conjunction with Transit Oriented Community land use policy authorized in HB24-1313. View CHFA’s HB24-1434 Fact Sheet for more information.
HB24-1316, sponsored by Representative Lindstedt, Representative Lindsay, and Senator Bridges, creates a new five-year Middle-income Housing Tax Credit pilot program—the first of its kind in the nation—that builds on the success of the state Affordable Housing Tax Credit and CHFA’s Middle-income Access Loan Program (MIAP). The Middle-income Housing Tax Credit will be available for deployment in 2025-2029. View CHFA’s HB24-1316 Fact Sheet for more information.
Please contact Jerilynn Francis or Julia Selby for more information.
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homeownership contest for chfa customers to be held in june | |
June is National Homeownership Month and throughout the month, CHFA is inviting homeowners with a CHFA mortgage to tell us how homeownership has shaped or influenced their life story. The submitted stories and photos will be evaluated by a team of judges, and the winning entry will receive a free home mortgage payment or $1,000 applied toward their mortgage, whichever is greater!
The Home is Where My Story Startssm contest officially begins on June 1st, and will remain open until the end of the day on June 30th. The full contest details are included on CHFA’s website.
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upcoming homebuyer events | |
CHFA will host two free homebuyer events in June as part of its Own Your Tomorrow initiative to increase Black and African American homeownership. These in-person events will feature industry experts, and attendees can learn how homeownership creates generational wealth, how to build a homebuying team, and how to access down payment assistance programs.
Own Your Tomorrow: Homebuyer Event
Saturday, June 1
10:00am-Noon
CrossPurpose
3050 Richard Allen Court
Denver, Colorado 80205
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Juneteenth Homebuyer Event
Friday, June 14
2:00pm-4:00pm
Cleo Parker Robinson Dance
119 Park Avenue West
Denver, Colorado 80205
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chfa awarded funds through housing counseling grant program | |
CHFA was recently awarded $464,414 from the Department of Housing and Urban Development (HUD) through its Comprehensive Housing Counseling Grant Program. These funds will support eleven HUD-approved housing counseling agencies located throughout Colorado to provide services to promote housing stability and address a variety of housing needs.
HUD-approved housing counseling includes a wide range of services including budgeting and financial education, one-on-one housing counseling for renters and homeowners, assistance for unhoused individuals, and more. More details about the HUD grant are available on CHFA’s website.
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steve johnson named chief operating officer | |
Earlier this month, CHFA was proud to announce the promotion of Steve Johnson as CHFA’s new Chief Operating Officer (COO). Steve has served as Director of Community Development and a member of CHFA’s leadership team since 2010, and he has been with the organization since 1996.
As COO, Johnson will manage CHFA’s overall operations, reporting directly to the Executive Director and CEO and working closely with other members of CHFA’s Executive Team to execute strategic objectives in pursuit of CHFA’s mission. He will provide direct oversight to CHFA’s Asset Management, Community Development, Home Finance, and Research and Strategy divisions. More details are available in a news release published on the CHFA website.
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Be sure and follow CHFA on social media (see the links in the email footer) to keep up with our involvement at various happenings all around Colorado. Over the next month, you can find us in attendance and/or proudly sponsoring the following events across the state.
Week of May 27 – June 2
Week of June 3 - June 9
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June 4 | First Tee Southern Colorado Legacy Golf Tournament | Colorado Springs | More Information
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June 5 | United Way of Southwest Colorado Win United Raffle | Durango | More Information
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June 5 | Southwest Conservation Corps. Community Concert Series | Durango | More Information
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June 5-7 | Western Slope Rural Philanthropy Days | Fruita | More Information
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June 7 | Black Economic Success Trust (B.E.S.T.) Success Summit | Denver | More Information
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June 8 | Westside CARES – Feast of St. Arnold | Colorado Springs | More Information
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June 8 | Senior Support Services – Summerfest | Denver | More Information
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June 8 | Youth on Record Youth Music Festival and Block Party | Denver | More Information
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June 9 | Denver VOICE Pancakes Against Poverty | Denver | More Information
Week of June 10 - June 16
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June 13 | Boulder Housing Coalition Housing Victory Fundraising Party | Boulder | More Information
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June 13 | Home Builders Foundation Blitz Build | Denver | More Information
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June 14 | KBUT Community Radio Fish Fry | Crested Butte | More Information
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June 14 | Western Slope Veterans Coalition 4th Annual Veterans Golf Tournament | New Castle | More Information
Week of June 17 - June 23
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June 18 | Scholars Unlimited – Lunch of Scholars | Denver | More Information
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June 18-21 | Colorado Municipal League (CML) Conference | Loveland | More Information
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June 19-21 | Habitat for Humanity of Colorado Executive Directors Retreat | Palisade | More Information
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June 20 | Loveland Housing Authority Scholarship Golf Tournament | Loveland | More Information
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June 20 | Family and Intercultural Resource Center (FIRC) Night Out | Breckenridge | More Information
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June 20 | Arrupe Jesuit Golf Invitational | Sedalia | More Information
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June 21 | Pro 15 Golf Tournament | Fort Morgan | More Information
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June 21 | Children's Hospital Foundation – The Wine Event | Denver | More Information
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CHFA Community Relationship Managers:
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Trisha Herman, Community Relationship Manager, Eastern Colorado | |  |
Kaylee Romero, Community Relationship Manager, South Central Colorado | |
Caroline Trani, Community Relationship Manager, Southern Colorado | | |
Chris Lopez, Community Relationship Manager, Southwest Colorado | |
Margie Joy, Community Relationship Manager, Western Slope Colorado | | |
John Plakorus, Manager, Regional Community Relationships | |
Stay informed by signing up for this Community Connections eNewsletter. This monthly eNewsletter provides general CHFA news along with a closer look at how local communities are addressing their unique affordable housing and economic development needs. | |
This eNewsletter may contain links to other websites or third party materials. Links to external or third party websites or materials are provided solely for your convenience. The presence of a link does not imply any endorsement of the third party material, the website, its content or any association with the third party or website's operators by CHFA. Third-party websites or materials may be governed by their own privacy policy and terms of use, and the third party is solely responsible for the content and offerings presented on its website or in its materials. CHFA makes no representation and accepts no responsibility or liability regarding the accuracy, quality, safety, suitability or reliability of any third party material(s), external website or the content or materials of such websites. Use of linked sites is strictly at your own risk. | |
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. | |
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