Proposition 123:

Program Updates

October 20, 2023

Concessionary Debt Applications Received

CHFA has published a list of applications received for the Concessionary Debt program established by Proposition 123. The list may be viewed on the Affordable Housing Financing Fund website. Applicants have applied for one or more of the following loan options:

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

CHFA began accepting applications on September 18, 2023, and the submission period closed on October 9, 2023 at 11:59pm MT. During that time, CHFA received 38 applications representing more than $113M in funding requests. CHFA will announce projects selected to receive funds in January 2024.

Questions about the Concessionary Debt program may be submitted to concessionarydebt@chfainfo.com, and more information about the program is available on the Affordable Housing Financing Fund website.

Contact

ColoradoAffordableHousingFinancingFund.com

AHFF@chfainfo.com

With respect to its programs, services, activities, and employment practices, Colorado Housing and Finance Authority prohibits unlawful discrimination against applicants or employees on the basis of age 40 years and over, race, sex, sexual orientation, gender identity, gender expression, color, religion, national origin, disability, military status, genetic information, marital status or any other status protected by applicable federal, state or local law.