Proposition 123:

Program Updates

September 5, 2024

Equity Program Applications Received

CHFA has published a list of applications received for the Equity program Strategic Investment Round. The list may be viewed on the Affordable Housing Financing Fund website. 

The Equity program Strategic Investment Round will allocate up to $20 million to support applications meeting the Equity program guidelines as well as the following criteria:

• Developments that need to close prior to December 31, 2024
• Applications that demonstrate unique and extraordinary state and/or regional economic benefit
• Applications supporting developments that will leverage other statewide investment

CHFA accepted applications for the Strategic Investment Round from August 2, 2024 through August 9, 2024. A total of 15 applications were received representing $98.6 million in funding requests. CHFA will announce project sponsors selected to receive Equity funds during the Strategic Investment Round later this month. There will be additional opportunities to apply for Equity program funding in late 2024 or early 2025.

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.

Questions about the Equity program may be submitted to equity@chfainfo.com, and more information about the program, including full program guidelines, 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.