Proposition 123:

Program Updates

July 18, 2024

Equity Program Selections Announced

CHFA and OEDIT are proud to announce the preliminary selections for funding from the Equity program established by Proposition 123. The six projects total $39.3 million in funding, and final details will be determined during the full underwriting process. The list of projects is included below, and additional details may be viewed on the Affordable Housing Financing Fund website.

• 1936 Grove Apartments
• 302 Conifer
• Ballfield at Auraria
• Black Canyon Flats
• Tall Tales Ranch
• Woodbury Park Apartments

CHFA began accepting applications for the Equity program on March 18, 2024, and the submission period closed on April 18, 2024, at 5:00pm MT. During that time, CHFA received 36 applications representing more than $313 million in funding requests.

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.

Additional opportunities to apply for Equity program funding will be announced soon. 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.