CHFA has been awarded a $9 million Capital Magnet Fund (CMF) grant to support the development and preservation of affordable rental housing across Colorado. CHFA was selected to receive an award among 59 total recipients nationwide. 

CMF provides up to $750,000 of flexible gap financing for the preservation or construction of 4 percent or 9 percent Housing Tax Credit projects located in eligible areas and serving incomes at or below 50 percent of Area Median Income.

This award is the largest and fifth consecutive CMF award that CHFA has received, bringing the total award amount to more than $33.6 million since 2018. 

Trailhead Communities in Littleton will be a neuro-inclusive housing development providing 60 for-sale condominiums and 23 affordable apartments serving individuals with intellectual and developmental disabilities (I/DD), older adults, and others with incomes at or below 60 to 70 percent of the Area Median Income. Fifty percent of the development’s total units are preferred for residents with I/DD.

Through the successful work of the Stepping Stone Support Center, which provides prevocational and life skills training, job placement, job coaching services, social events, and community connection, it was determined there was a strong need for adults with I/DD to live independently in a home of their own. In 2016, a group of parents, Stepping Stone staff, and other stakeholders collaborated to create a nonprofit to address this need: Stepping Stone Communities, which is sponsoring Trailhead Communities. An HOA will facilitate an extensive set of services and amenities for residents. 

Trailhead Communities is the first neuro-inclusive housing development of its kind in Colorado. Construction is expected to be complete in August 2023. CHFA was proud to support the development with a $4 million second mortgage construction loan and Cash Collateral Support structure through CHFA’s Housing Opportunity Fund (HOF).  

To explore the housing needs and related resources in Colorado for residents with an Intellectual and/or Developmental Disability (I/DD), CHFA commissioned the Neuro-inclusive Housing White Paper, published in June 2022. This resource provides the results of research related to housing for people with I/DD. 

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority does not discriminate on the basis of race, color, religion, sex, age, national origin, disability, or any other protected classification under 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.