March 2022
CHFA eNews
in this issue
  • CHFA Small-scale Housing Technical Assistance Applications Now Being Accepted
  • Colorado General Assembly Advances Affordable Housing Legislation
  • Direct Effect Award Powers Up Food Truck Program in Grand Junction
  • Habitat Metro Denver Receives Transformational $13.5M Donation
  • FirstBank Grows Down Payment Grant Program
  • Affordable Housing Developer's Guide Trainings
  • Groundbreakings and Grand Openings Around Colorado
  • CHFA Releases 2021 Community Report
  • Upcoming Events
chfa small-scale housing technical assistance applications now being accepted
colorado general assembly advances affordable housing legislation
CHFA applauds the Colorado General Assembly for its consideration of HB22-1051, which proposes to strengthen one of the state’s most significant investments in the development and preservation of affordable rental housing. This bill would increase the amount of state Affordable Housing Tax Credits (AHTC) available for CHFA to award annually from $10 million to $15 million. In addition, it continues the program through December 31, 2034. 

In addition, on March 7th, SB22-146 was introduced. This bill proposes to expand CHFA’s Middle Income Access Program, which provides subordinate gap financing for the construction of developments serving households earning between 80 and 120 percent of Area Median Income.
direct effect award powers up food truck program in grand junction
The Business Incubator Center in Grand Junction serves business enterprises in Mesa County and the surrounding region. In 2021, the Business Incubator Center received a $10,000 Direct Effect Award from CHFA to support its food truck operations and expansion of coworking space. Click ‘read more’ to learn more about this project from the perspective of Laura Mercier, Director of the Business Incubator Center.

habitat metro denver receives transformational $13.5M donation
Congratulations to Habitat for Humanity of Metro Denver. They received a transformational donation of $13.5 million from philanthropist and author MacKenzie Scott. This is part of a larger gift of $436 million to Habitat for Humanity throughout the country.
“This is the largest single donation in our history and will have a momentum-building impact on our work,” said Heather Lafferty, CEO of Habitat Metro Denver. “It is a vote of confidence in the collective work of many people – homeowners, staff, board, donors, volunteers and community partners. This gift will allow us to dream even bigger about accelerating our production, serving as a catalyst for equity and systems change, and ultimately, creating more homeownership opportunities in our community.”
firstbank grows down payment grant program
In 2021, FirstBank created its PATH (Providing Access to Homeownership) Grant program to help remove barriers to homeownership for the Black and African American community in Colorado with down payment support. CHFA was proud to invest in the program by providing $500,000 last year, and recently, an additional $250,000, to support more homebuyers. PATH currently offers grants of up to $15,000 to qualifying homebuyers. 
affordable housing developer's guide
CHFA recently concluded its first Colorado Affordable Housing Developer’s Guide 101 Training series, which served more than 200 participants over five events. Attendees learned how to access the Colorado Affordable Housing Developer’s Guide and use it within their organization to better understand and plan for the development or preservation of affordable housing in their community. CHFA is offering four additional online trainings to explore different aspects of the Guide occurring April through August.
groundbreakings and grand openings around colorado
Several developments supported by CHFA recently celebrated milestones. From groundbreaking ceremonies to ribbon cuttings, events were held throughout the state to showcase:

  • Charity’s House Apartments, Denver
  • Flats at Ford Street, Golden (pictured)
  • Ski Hi Multipurpose Complex, Monte Vista
  • Villas at Mesa Ridge, Fountain

Pictured: Flats at Ford Street grand opening
chfa releases 2021 community report
CHFA’s 2021 Community Report was released on March 1st. In the report, learn how CHFA invested $3.1 billion to support affordable housing and community development in 2021. Highlights include how CHFA increased community engagement, launched new innovations, and was proud to assist thousands of Coloradans through its homeownership, rental housing, business lending, and community partnership programs. Access CHFA’s 2021 Community Report here.
upcoming events
March 23
2275 Wadsworth Groundbreaking, Lakewood

March 23-25
Club 20 Spring Conference, Grand Junction

March 24-27
TGTHR Sleep Out, Boulder/virtual

March 26
Latin American Educational Foundation Annual Gala, Denver

March 29
Crosswinds at Arista Groundbreaking, Broomfield

March 31-April 1
Colorado Mountain Housing Coalition Summit 2022, Nathrop

April 1

April 7
The Rose on Colfax Groundbreaking, Denver

April 12
Colorado Real Estate Journal’s 2022 Affordable Housing Summit and Expo, Aurora

April 21
Caraway Grand Opening, Denver

April 22
Morgan Community College Foundation Annual Gala, Fort Morgan

April 28
Chaffee Housing Event, Salida

April 29
Action 22 Housing Summit, Pueblo

May 6
Reimagining Housing Solutions Training Series, virtual

May 12
Housing Colorado Eagle Awards, Denver
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