January 5, 2022

effective: payment of property taxes

For any loan closed in the prior year and purchased by CHFA after January 28th of every year, 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. In the event January 28th falls on a weekend, the preceding Friday will serve as the date Participating Lenders are responsible for the first half of the prior year’s property taxes and all other 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
2021	After 01.28.2022	First half of required 2021 taxes, including any outstanding balance from previous years
2022	On or After 01.01.2022	2021 taxes must be paid in full, including any outstanding balance from previous years

Please contact CHFA Home Finance with any questions regarding these changes.

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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