chfa enews - multifamily loan compliance
December 31, 2021

marshall fire and middlefork fire compliance relief

We hope that this message finds you, your residents, and your staff safe.

CHFA is monitoring the devastating fires currently affecting Boulder County, and asks that you please notify CHFA at your earliest convenience if your property has been affected directly .

If your property is unaffected, and you currently have any vacant units, CHFA asks that you consider using the flexibilities provided under the IRS Revenue Procedure 2014-49, linked here for full details. In summary, the procedure allows you to provide emergency housing to displaced individuals and families, regardless of their income, for up to 12 months. CHFA urges you to review the procedure and, if interested, to submit a written request to Chris Linton at clinton@chfainfo.com. Prompt written approval from CHFA for this permitted use will be provided.

We reiterate our hope that you remain safe and healthy and we thank you for your commitment to assisting Coloradans in need.

Brian Miller
Director, Asset Management
CHFA
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