Colorado Housing and Finance Authority (CHFA) has a multi-family lending team providing financial solutions supporting the acquisition, rehabilitation, refinance, and new construction of affordable rental housing in Colorado. CHFA also serves as the state's allocating agency for the Low Income Housing Tax Credit (LIHTC or Housing Tax Credit) program, a critical resource that assists in the facilitation of affordable housing development. The LIHTC uses federal tax credits available under Section 42 of the Internal Revenue Code of 1986 to create and maintain rental housing for low and very low income households throughout the state of Colorado.
Visit the LIHTC website for more information about the program.
Private activity bonds (PABs) are tax-exempt bonds which can be issued for specific purposes, including single-family mortgage revenue bonds, industrial development bonds, rental housing development, and exempt facilities. The federal government grants annual allocations of this bonding authority to states under the Tax Reform Act of 1986. The City of Fort Collins receives an annual allocation to be used for eligible activities. For more information about PABs, refer to the State of Colorado Division of Housing website.
The Colorado Division of Housing finances the construction of new housing and rehabilitation of existing housing. The housing must be owned or occupied by persons with moderate to low income. Local housing authorities, private developers, nonprofit corporations, cities and counties may apply for financing. Most grants require a contribution from the community served.
The Division of Housing uses federal and state funds for:
Visit the Colorado Division of Housing website for more information.
The U.S. Department of Housing and Urban Development offers a variety of programs for community development, economic development, and affordable housing purposes. To explore program and/or grand opportunities, visit the HUD website.