Proposition 123:

Program Updates

September 11, 2023

Proposition 123 Concessionary Debt Application Details

Starting September 18th, applications will be accepted for the Concessionary Debt programs listed below, which were established by Proposition 123. Following the application period, awards will be announced in January 2024.

1. Multifamily Finance: Debt financing for 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

Application documents will be posted on the Affordable Housing Financing Fund website this Wednesday, September 13th. CHFA will begin accepting applications on September 18th, and the application period will remain open until October 9th. Following the application period, awards will be announced in January 2024.

Projects applying for funding from the Concessionary Debt program 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. View jurisdictions that have filed 2023 Commitments.

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 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.