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CHFA Announces 2019 Round Two Low Income Housing Tax Credit Awards

Published on October 8, 2019 by Colorado Housing and Finance Authority
CHFA Announces 2019 Round Two Low Income Housing Tax Credit Awards

DENVER, CO – Colorado Housing and Finance Authority (CHFA) is pleased to announce the Low Income Housing Tax Credit (LIHTC) awards for the second and final award round of 2019. CHFA is the allocating agency of federal LIHTC in Colorado. In this round, 30 applications requesting $34.9 million in federal 9 percent LIHTC were received. CHFA is awarding $17,111,701 in 9 percent credits to 15 developments, which will support the construction of 723 affordable rental housing units.

The following developments will be awarded federal LIHTC from CHFA. Full descriptions may be viewed here and the award report may be viewed here.

2814, Grand Junction
Developer: Grand Junction Housing Authority

Academy Place, Broomfield
Developer: Summit Housing Group

Calkins Commons, Cortez
Developer: Housing Authority of Montezuma County

Espero Apartments, Durango
Developer: Housing Solutions of the Southwest and Blueline Development

Flats at Ford Street, Golden
Developer: Jefferson County Housing Authority

Hot Springs Townhomes, Pagosa Springs
Developer: Archuleta County Housing Authority

Legacy Senior, Arvada
Developer: Cornerstone Associates

Maxfield Heights, Rifle
Developer: TWG Development

Oakwood Senior, Castle Rock
Developer: Douglas County Housing Partnership

The Mill Apartments, Fraser
Developer: Grand Park Homes

Red Hill Lofts, Carbondale
Developer: Aspen Pitkin Employee Housing

The Right Place, Pueblo
Developer: Cardinal Capital and Health Solutions

Shooks Run Apartments, Colorado Springs
Developer: Colorado Springs Housing Authority

Shoshone, Denver
Developer: Denver Housing Authority

Villas at Mesa Ridge, Fountain
Developer: Zimmerman Properties

About CHFA
CHFA strengthens Colorado by investing in affordable housing and community development. Created in 1973, CHFA invests in loans to low- and moderate-income homebuyers through our network of participating lenders, and makes loans to affordable multifamily rental housing developers and small and medium sized businesses. CHFA also provides education and technical assistance about affordable housing and economic development. CHFA is a self-sustaining public enterprise. CHFA issued debt is not the obligation of the state. For more information about CHFA please visit, call its Denver office at 1.800.877.chfa (2432), or its Western Slope office at 1.800.877.8450.