Proposition 123:

Program Updates

August 31, 2023

Proposition 123 Concessionary Debt Program Launch Webinar

Starting September 18th, applications will be accepted for three components of the Concessionary Debt program established by Proposition 123:

1. Multifamily Finance: Debt financing for the development and preservation of low- and middle-income multifamily rental developments
2. LIHTC Gap Finance: Gap financing in the form of subordinate debt for Low Income Housing Tax Credit (LIHTC) projects
3. LIHTC Predevelopment Finance: Gap financing in the form of predevelopment loans for LIHTC projects

Additional details on the fourth Concessionary Debt program component, debt financing for modular and factory-build housing manufacturers, will be announced in late September.

The following timeline applies to the Concessionary Debt Multifamily Finance, LIHTC Gap Finance, and LIHTC Predevelopment Finance programs.

Application and Award Timeline:

To submit an application, projects must be located in a jurisdiction that has completed a Proposition 123 Local Government Affordable Housing Commitment with the Colorado Department of Local Affairs − Division of Housing. Click here to learn more on DOLA’s website. You may also view jurisdictions that have filed 2023 commitments.

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 the Affordable Housing Financing Fund website. 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

AHFF@chfainfo.com

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.