Proposition 123:

Program Updates

October 21, 2026

Reminder: Concessionary Debt Round Applications Accepted

Starting today – Wednesday, October 21st – applications and supporting materials will be accepted for the Proposition 123 Concessionary Debt Multifamily Finance, LIHTC Gap Finance, and LIHTC Predevelopment Finance loan options. The application period will close on Tuesday, November 10th, at 5:00pm MT. 

As stated in the Fiscal Year 2027 Funding Plan, this round will operate independently of the competitive Housing Tax Credit allocation process. Details, including complete program guidelines and application materials, will be published on the Affordable Housing Financing Fund website when the round opens.

The Concessionary Debt program provides loan options to for-profit, nonprofit, local governments, and tribal government entities to support affordable housing investment, including:

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

Please see the Affordable Housing Financing Fund website for more information. Questions about the Concessionary Debt program may be submitted to Concessionarydebt@chfainfo.com. 

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, creed, religion, national origin, ancestry, disability, military status, genetic information, marital status or any other status protected by applicable 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; chfainfo.com/nondiscrimination, available weekdays 8:00am to 5:00pm MT.