January 2022
CHFA eNews
in this issue
  • Boulder County Fires
  • CHFA 2021: Year in Review
  • Colorado Affordable Housing Developer’s Guide
  • 2021 Round Two Direct Effect Awards
  • Like It Forward: CHFA Donated $18,035 to Family and Intercultural Resource Center
  • New CHFA Resources
boulder county fires
Our hearts and minds are with all who have been impacted by the devastating fires that occurred in Boulder County on December 30th. CHFA has been actively evaluating our single family, multifamily, and business customers and nonprofit partners in the area to identify any impacts on them and to offer resources and assistance as needed. In addition, we stand ready to support our state and local partners who are on the front lines of leading the immediate and long-term recovery efforts.

One of the ways CHFA is assisting is by making an initial $25,000 donation to the Community Foundation of Boulder County and raising additional funds from the community. We wish to thank all of our community partners who joined us in this effort and donated an additional $31,000+ for the Foundation, unlocking CHFA’s $25,000 match, which doubled our initial contribution. Together, more than $81,000 is being donated to the Foundation as of January 20 and there’s still time to donate. If you would like to contribute, CHFA’s campaign runs through January 31. Click here to learn more and donate. 

In the face of the great need before the Boulder community, this is one small but important way for the affordable housing and economic development community to unite towards a common goal.

For more information about the Community Foundation of Boulder County, please click here.
chfa 2021: year in review
In 2021, CHFA was honored to serve and strengthen Colorado through our programs that support affordable housing and community development. CHFA invested more than $3 billion last year to support Colorado homeownership, rental housing, business lending, and community partnerships. Specifically, CHFA helped:

  • 8,737 households achieve homeownership with $2.8 billion invested in first mortgage loans and $108.9 million invested in down payment assistance;
  • 9,024 households attend a free homebuyer education class;
  • 7,089 affordable rental housing units be developed or preserved with $157.7 million invested in loans and by awarding federal and state Housing Tax Credits;
  • 597 businesses access capital to support 3,343 jobs, with $103.5 million invested in loans
  • 308 organizations supported with $4.3 million donated, which includes $590,000 in housing solutions grants, more than $1 million in regional community investment grants, and $248,653 invested to support technical assistance.

For more details, stay tuned for CHFA’s 2021 Community Report that will be published in March.
colorado affordable housing developer's guide
CHFA is pleased to announce the launch of the Colorado Affordable Housing Developer’s Guide.

The intention of the Guide is to help support local for-profit and nonprofit developers, community leaders, and advocates seeking to ensure that safe, decent, and affordable housing is an intentional and integrated part of their community fabric. The Guide is dedicated to all Coloradans who are seeking housing stability and economic prosperity. We hope this resource paves a path forward for a brighter and stronger future for the entire state. CHFA would like to thank the numerous partners and collaborators who helped make the Colorado Affordable Housing Developer’s Guide possible including Enterprise Community Partners.

Trainings on how to use and implement this new resource are available in February and March. Click here to learn more and register.
2021 round two direct effect awards
CHFA is proud to announce its Round Two 2021 Direct Effect Award recipients. CHFA's Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA's work to strengthen Colorado by investing in affordable housing and community development.

CHFA is donating $554,500 to 38 nonprofits through its Direct Effect program in round two, which received 87 applications seeking more than $2.5 million in combined funding.

The Round Two 2021 Direct Effect Award recipient list and descriptions about each organization and how Direct Effect will support their work by visiting this page on CHFA's website.

With these awards, CHFA's total Direct Effect contribution in 2021 exceeded $1.4 million, supporting 116 organizations statewide.

CHFA will have three rounds of Direct Effect Awards in 2022.

Round One: Applications open February 1st and close February 28th.

Round Two: Applications open June 1st and close June 30th.

Round Three: Applications open September 1st and close September 30th.

To learn more, please visit chfainfo.com/directeffect.
like it forward: chfa donates $18,035 to the family and intercultural resource center
CHFA is donating $18,035 to the Family and Intercultural Resource Center (FIRC), a nonprofit organization that serves Summit County families by providing education, health, housing, and financial resources. FIRC is a community leader in cultural integration, resource and referral services, emergency services, family support, and early childhood development.

The donation was the result of Like It Forward, CHFA’s annual social media campaign to benefit Colorado nonprofits whose work aligns with CHFA’s mission.

“At FIRC, we know that CHFA is a valued partner for many agencies across the state and we are so grateful that we were selected for this unique social media campaign. It’s not often that everyone can participate in a fundraiser, and this was such an interactive, fun, and free opportunity for our supporters to give back with just a simple click. The money raised will go directly to supporting FIRC’s mission to strengthen families in our community,” said Brianne Snow, FIRC’s Executive Director.
new chfa resources
CHFA has recently release a few new resources for consumers and housing developers:

Mobile/manufacturing housing
For prospective homebuyers interested in mobile/manufactured home communities (MHCs) or existing owners living in MHCs, CHFA has created this flyer that includes information about purchase programs, assistance programs, oversight, and other resources.

Home repair
For homeowners who seek assistance with home repairs, CHFA has compiled this list of organizations that help with a broad spectrum of home repair needs.

Affordable Housing Development Cost Dashboard
The CHFA Affordable Housing Development Cost Dashboard presents data on the costs of developing affordable housing supported with Housing Tax Credits in Colorado. Data is available from the last five years and can be explored by year, the five-year span, region, credit type, resident population, and development type.

Housing Tax Credit Building Electrification Report
CHFA, in partnership with the Colorado Energy Office (CEO) and the Department of Local Affairs (DOLA), commissioned the Housing Tax Credit Building Electrification Report prepared by Group14 Engineering to advance understanding of the opportunities, benefits, and challenges to building new and preserving existing affordable multifamily housing that is all-electric.
contact us
For more information, please contact CHFA.

CHFA Community Relationship Managers:
Caroline Trani, Southern Colorado Community Relationship Manager, 719.569.5353
Chris Lopez, Southwest Colorado Community Relationship Manager, 970.812.1142
Jeff Owsley, South Central Colorado Community Relationship Manager, 719.569.4484
Margie Joy, Western Slope Community Relationship Manager, 970.812.1150
Jerilynn Martinez Francis, Director Marketing and Community Relations