CHFA Announces 2022 Round One Housing Tax Credit Awards
(DENVER) – Colorado Housing and Finance Authority (CHFA) is pleased to announce 12 developments were awarded a reservation of federal 9 percent Housing Tax Credits to support the new construction of 592 affordable apartments. These developments will serve various housing needs in Colorado including supporting individuals and families who are transitioning out of homelessness, older adults, veterans, and households with low and moderate incomes.
CHFA received 26 applications for federal 9 percent Housing Tax Credits in its first allocation round of the year. Those applications awarded credit will support developments located in Brush, Commerce City, Colorado Springs, Cortez, Denver, Fruita, Lafayette, Longmont, Rocky Ford, Montrose, and Wheat Ridge. The total private sector equity investment estimated to be generated from the federal tax credits exceeds $128 million. In addition, the developments will be supported with a projected $33 million in gap financing provided by the Colorado Department of Local Affairs-Division of Housing.
The following is a list of the developments that have been awarded federal 9 percent Housing Tax Credits. Full descriptions may be viewed here, and the award report may be viewed here.
Bluebird Longmont, Longmont
Developer: Element Properties
Brush Village II, Brush
Developer: Northpointe Development II Corporation
Fruita Mews, Fruita
Developer: Indibuild LLC
The Ives, Wheat Ridge
Developer: Foothills Regional Housing
Launchpad Apartments, Colorado Springs
Developer: Cohen- Esrey Development Group
The Osborn, Rocky Ford
Developer: Total Concept
Puwagaan Kaan, Cortez
Developer: The Piñon Project and Blueline Development
Residences at Dry Cedar Creek, Montrose
Developer: RealAmerica Development LLC
Silver Key Senior Apartments, Colorado Springs
Developer: Silver Key Senior Services
SP Crossing, Commerce City
Developer: Nesbitt Development LLC and Brinshore Development
St. Stephen Apartments, Denver
Developer: MGL Partners
Willoughby Corner Phase IA Senior, Lafayette
Developer: Boulder County Housing Authority
About CHFA
CHFA strengthens Colorado by investing in affordable housing and community development. Created in 1973, CHFA invests in affordable homeownership, the development and preservation of affordable rental housing, helps small- and medium-sized businesses access capital, offers technical assistance and financial support to strengthen local communities, and supports mission-aligned nonprofits through philanthropic investment. CHFA is a self-sustaining public enterprise. CHFA issued debt is not the obligation of the state. For more information about CHFA, please visit chfainfo.com or call 1.800.877.chfa (2432).
