Proposition 123:

Program Updates

September 16, 2024

Land Banking LOIs and Concessionary Debt Applications Now Accepted

Starting today—September 16, 2024—LOIs will be accepted for the Proposition 123 Land Banking program, and applications will be accepted for the Multifamily Finance and LIHTC Predevelopment loan options within the Proposition 123 Concessionary Debt program. Land Banking LOI forms and Concessionary Debt application forms are available now for download now on the Affordable Housing Financing Fund website along with additional details, including full program guidelines. Please see below for additional information.

Land Banking

Starting September 16, 2024, Letters of Intent (LOIs) will be accepted for the Land Banking program. LOIs will be accepted until funds are exhausted. LOI forms are now available on the Affordable Housing Financing Fund website.  

Prospective applicants whose LOIs are approved will be invited to complete a full application and will have 60 days to complete it. Once an application is approved, CHFA will provide the applicant with a loan commitment, along with a list of any due diligence items to be collected. The commitment will be valid for 60 days and must be signed and returned to CHFA prior to the expiration of the commitment. Please visit the Affordable Housing Financing Fund website for full Land Banking program guidelines.

Questions? Please email landbanking@chfainfo.com. 

Concessionary Debt

Starting September 16, 2024, and continuing until 5:00pm MT on October 15, 2024, applications will be accepted for Concessionary Debt Multifamily Finance and Concessionary Debt LIHTC Predevelopment loan options. Applications are now available on the Affordable Housing Financing Fund website. Please note that during this round, $20 million will be reserved for projects built with modular or innovative technologies.

Questions? Please email concessionarydebt@chfainfo.com. 

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.