CHFA Announces 2020 Round Two Housing Tax Credit Awards
(DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce 12 developments will be awarded a reservation of state Affordable Housing Tax Credits (AHTC) and federal 4 percent Low Income Housing Tax Credits (LIHTC) to support the construction or preservation of 994 affordable apartments. The developments supported will seek to serve a broad range of Coloradans in need including, veterans, formerly homeless individuals and families, and youth aging out of foster care.
CHFA received 24 applications for state and federal housing tax credits in its second competitive allocation round of the year. Those applications to be awarded credit will support developments located in Arvada, Aurora, Colorado Springs, Denver, Fort Collins, Littleton, Steamboat Springs, and Thornton.
8315 E. Colfax Family Affordable & Early Childhood Education (ECE), Denver
Developer: Mercy Housing Mountain Plains
Allison Village, Arvada
Developer: Foothills Regional Housing (aka Jefferson County Housing Authority)
Anglers Four Hundred, Steamboat Springs
Developer: Overland Property Group and Yampa Valley Housing Authority
Clara Brown Commons, Denver
Developer: Mile High Ministries
Crossing Pointe South, Thornton
Developer: Maiker Housing Partners (aka Housing Authority of Adams County)
Fitzsimons Veterans Independent Living, Aurora
Developer: Aurora Housing Authority
Garden Apartments, Colorado Springs
Developer: Western Region Nonprofit Housing Corporation
Highland Trails, Littleton
Developer: Four Corners Development
Montbello FreshLo Hub, Denver
Developer: Montbello Organizing Committee
Oak140, Fort Collins
Developer: Housing Catalyst
Rhonda’s Place, Denver
Developer: REDI Corporation
Village at Solid Rock, Colorado Springs
Developer: Commonwealth Development Corporation and Solid Rock CDC
To date in 2020, CHFA has supported the development or preservation of 2,958 affordable apartments in 37 developments across Colorado with state or federal affordable housing tax credits.
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 www.chfainfo.com, call its Denver office at 1.800.877.chfa (2432), or its Western Slope office at 1.800.877.8450.