Proposition 123:

Program Updates

July 5, 2023

The Colorado Affordable Housing Financing Fund supports land banking, equity, and concessionary debt for affordable housing.

Introducing the Colorado Affordable Housing Financing Fund Website

Today, in partnership with the Office of Economic Development and International Trade (OEDIT), CHFA is pleased to introduce a dedicated website for the Colorado Affordable Housing Financing Fund (AHFF).

Visit Website

About the Affordable Housing Financing Fund (AHFF)

In November 2022, Colorado voters passed Proposition 123, a ballot measure authorizing the state to retain money from existing state tax revenue to support affordable housing investment. These funds are split 60/40 between the Office of Economic Development and International Trade (OEDIT) and the Department of Local Affairs (DOLA) through its Division of Housing (DOH), respectively.

OEDIT manages the Affordable Housing Financing Fund, in partnership with Colorado Housing and Finance Authority (CHFA), which serves as Contract Administrator. DOH manages the Affordable Housing Support Fund.

The new website is dedicated to the Affordable Housing Financing Fund, which has priorities to supports land banking, equity, and debt investment to advance affordable housing across the state.

Land Banking Program Launch

The first AHFF component to launch is the Land Banking program. Details on two upcoming webinars on the Land Banking program launch are included below. Please note: the content of these webinars is the same; please choose the one that is most convenient for you.

Additional webinars will be facilitated throughout the year as program development continues on the other AHFF components. Webinar recordings, slides, and program documents will be added to the Training and Resources page.

Land Banking Program Launch Webinars

Wednesday, July 5

11:00am to Noon

Tuesday, July 25

1:00pm to 2:00pm

Join us for a review of the program guidelines, including updates made due to stakeholder feedback, the LOI process, and application preparation tips.

Program Details

The Land Banking program is a component of the Colorado Affordable Housing Financing Fund established by Proposition 123 and provides grants to eligible local or tribal governments and forgivable loans to eligible nonprofits with a demonstrated history of providing affordable housing.

Funds must be used to acquire and preserve land for affordable rental housing or affordable homeownership. Mixed use may be allowed so long as the predominate use is affordable housing.

Please Note: These meetings will be recorded by the presenter. If you do not want to participate in a recorded meeting, please do not connect to the call. A recording will be available for viewing in the future on OEDIT's and CHFA's websites. Please be advised that as a political subdivision of the state of Colorado, CHFA is subject to the Colorado Open Records Act, which requires CHFA to permit inspection and copying of certain public records. The recording may be subject to the Act. Please do not share any confidential information if you join the call.

Contact

ColoradoAffordableHousingFinancingFund.com

[email protected]

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority does not discriminate on the basis of race, color, religion, sex, age, national origin, disability, or any other protected classification under federal, state, or local law. Requests for reasonable accommodation, the provision of auxiliary aids, or any complaints alleging violation of this nondiscrimination policy should be directed to the Nondiscrimination Coordinator, 1.800.877.2432, TDD/TTY 800.659.2656, CHFA, 1981 Blake Street, Denver, Colorado 80202-1272, available weekdays 8:00am to 5:00pm.