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CHFA Announces 2021 Round One Housing Tax Credit Awards

Published on May 11, 2021 by Colorado Housing and Finance Authority
CHFA Announces 2021 Round One Housing Tax Credit Awards

(DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce 13 developments will be awarded a reservation of federal Housing Tax Credits to support the new construction of 882 affordable apartments. These developments will seek to address various housing needs in Colorado, including those of veterans, formerly homeless individuals and families, and older adults.

CHFA received 25 applications for federal 9 percent Housing Tax Credits in its first allocation round of the year. Those applications to be awarded credit will support developments located in Arvada, Broomfield, Commerce City, Lakewood, Delta, Denver, Fort Lupton, Littleton, Loveland, Pueblo, and Sterling.

The following developments are receiving federal 9 percent Housing Credit award reservations by CHFA. Full descriptions may be viewed here and the award report may be viewed here.

2275 Wadsworth, Lakewood

Developer: Archway Investment Corporation

Central Park II, Denver

Developer: Northeast Denver Housing Center, Inc.

Crawford Townhomes, Pueblo

Developer: The Housing Authority of the City of Pueblo

Deer Run Apartments, Sterling

Developer: Four Corners Development

Greyhound Park Empowerment, Commerce City

Developer: DelWest Financial Corporation

Joli / Sol, Denver

Developer: Denver Housing Authority*

Northwest Apartments, Broomfield

Developer: High Ridge Costa Development

Powers and Elati, Littleton

Developer: South Metro Housing Options

Residences at Delta, Delta

Developer: TWG Development

Solid Ground Apartments, Lakewood

Developer: Foothills Center for Mental Health

St. Valentine Apartments, Loveland

Developer: Archdiocesan Housing Inc.

Vance Street Flats, Arvada

Developer: Medici Development LLC

Vincent Village, Fort Lupton

Developer: Michaels Development Company

*Awarded both federal 9 percent and 4 percent Housing Credits. Please see project description for more information.

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.