- 2023: A Year in Review
- More than One Million Dollars Donated to Colorado Nonprofits
- CHFA Launches New Resource for Affordable Housing Developers
- $33,255 Raised in Social Media Fundraising Campaign
- CHFA in the Community
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As we approach the last days of 2023, we’d like to take the opportunity to thank our customers and partners for their collaboration. CHFA is honored to have broken records, surpassed milestones, and received several awards throughout this past year. While we are honored for the recognition and accomplishments, we are humbled and take pride in knowing that what these combined efforts truly reflect is our work together to open doors for more Coloradans to achieve housing stability and economic prosperity this year and beyond. A few 2023 highlights are included below:
- CHFA helped over 5,500 Colorado homebuyers achieve homeownership with over $1.9B in first mortgage loans and more than $73M awarded in down payment assistance.
- More than 5,600 affordable rental housing units were supported with Housing Tax Credits, Private Activity Bonds (PABs) or loans.
- CHFA invested in more than 500 Colorado businesses, impacting approximately 3,000 jobs across the state.
- More than 390 Colorado nonprofits were supported with sponsorships, grants, and donations.
- A total of 18 multifamily loan commitments were made totaling more than $158M, the second highest annual total in CHFA’s history.
- Issued a total of $1.53B in single family and multifamily housing bonds. This is an all-time record for CHFA, and places CHFA first in the nation for single family housing bond issuances and second in the nation for combined single family and multifamily bond issuances.
- Received a record-breaking $65M New Markets Tax Credit award from the US Dept of Treasury to support economic investment in under-served neighborhoods and communities. CHFA’s award was tied for the largest amount given to any awardee nationwide in this award round, and the biggest in CHFA’s history.
- Collaborated with OEDIT to launch new Land Banking, Concessionary Debt, and Modular Finance programs established by Proposition 123 which, combined, will offer $94M in new resources for affordable housing in their first year.
- Named 13th U.S. Best Place to Work in the Financial Services & Insurance sector by Fortune Magazine and named one of the 2023 Great Places to Work: Best Workplaces for Parents.
- Received the 2023 Inclusiveness@Work Award from the Center for Legal Inclusiveness (CLI).
The above figures reflect preliminary estimates. Comprehensive year-end data will be available in early March 2024 upon publication of CHFA’s 2023 Community Report.
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more than one million dollars donated to colorado nonprofits | |
In the most recent Direct Effect Awards round, CHFA donated $1,070,050 to 93 nonprofits across Colorado. This represents the highest amount awarded in a single round in the program’s history.
CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development. Descriptions of each organization receiving awards are available on CHFA’s website, including how the funds will be used to support their work.
Application deadlines for the 2024 Direct Effect Award rounds will be announced in January 2024. More details about the program are available on CHFA’s website.
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chfa launches new resource for affordable housing developers | |
On Friday, December 15th, CHFA launched a new online resource: the Colorado Multifamily Affordable Housing Electrification Hub. This site will serve as an interactive tool designed to help equip the multifamily affordable housing community in Colorado with technical and practical knowledge related to electrification design including case studies, technical explainers, and a searchable library of financing and development resources.
CHFA hosted a 30-minute webinar that included a demonstration of the site. The recording of the webinar is available online. Questions about the Hub and suggestions for future content additions may be submitted to multifamily-ehub@chfainfo.com.
The Colorado Multifamily Electrification Hub is proudly offered by Colorado Housing and Finance Authority (CHFA) in partnership with Colorado Energy Office (CEO), the Department of Local Affairs, Division of Housing (DOLA-DOH), Energy Outreach Colorado (EOC), Group14 Engineering, the Office of Economic Development and International Trade (OEDIT), and Enterprise Community Partners.
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$33,255 raised in social media fundraising campaign | |
Each year during the holiday season, CHFA partners with a Colorado nonprofit for a social media fundraising campaign called Like it Forward. Throughout the campaign, posts highlighting that nonprofit organization’s work are shared on CHFA’s social media accounts, and CHFA donates $5 for each like or share the posts earn throughout the campaign.
This year’s Like it Forward fundraiser benefited Kids at Their Best, an organization based in Fort Morgan whose mission is to inspire, educate and empower young people from low-income families to build resilience and strengthen their life trajectory. This year’s campaign attracted enthusiastic support, raising a grand total of $33,255. That represents 6,651 total likes and shares, and it’s the highest amount ever raised during a Like it Forward fundraising campaign!
Congratulations to this worthy nonprofit organization and thank you for the great work you do to serve young people in Fort Morgan!
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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.
December 30 - January 18
- December 30 | Little Sprouts Learning Center Gala | Haxtun | More Information
- January 12 | Martin Luther King, Jr. Business Awards | Denver | More Information
- January 13 | Educating Children of Color Summit | Colorado Springs | More Information
- January 18 | Mt. Carmel Veterans Service Center – Salute to Heroes | Pueblo | More Information
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CHFA Community Relationship Managers:
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Trisha Herman, Community Relationship Manager - Eastern Colorado,
970.812.1151
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Caroline Trani, Community Relationship Manager – Southern Colorado, 719.569.5353 | |
Chris Lopez, Community Relationship Manager – Southwest Colorado, 970.812.1142 | | |
Margie Joy, Community Relationship Manager – Western Slope Colorado, 970.812.1150 | |
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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