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With over 45 years of experience, CHFA Multifamily Lending is your trusted partner. Together, we can build stronger communities by providing safe, secure, and

affordable homes for our fellow Coloradans. 

new opportunities in 2025

A tan multifamily building with deep blue sky

CHFA believes Colorado will be stronger when everyone has access to safe, secure, and affordable housing. In 2024, CHFA Multifamily Lending was honored to serve the community by helping developers finance the new construction or preservation of 2,051 affordable rental housing units, with $314,408,591 invested in loans. CHFA knows strong communities make strong economies and we are proud to play a role.


We are excited to partner with you in 2025 to increase affordable housing across the state. Let us know how we can help you with financing your project. Here is a closer look at our core Multifamily Lending programs:


Sizeable Multifamily Affordable Risk Share Tool (SMART)


SMART provides $3 to $7 million in permanent insured financing, featuring up to 40-year fixed rates and one of the lowest FHA mortgage insurance premiums in the industry.

Sizeable Multifamily Affordable Risk Share Tool

Small Multifamily Permanent Loan (SIMPLE)


SIMPLE provides up to $3 million in uninsured permanent financing for 9 percent Housing Tax Credit projects, with a 35-year term and amortization. With streamlined execution, you can get to loan commitment in as little as 60 days of submitting a complete application.

Small Multifamily Permanent Loan

Construction and Permanent Affordable Bond Loan (CAPABLE)


CAPABLE combines construction and permanent financing to provide loans of $6 million or more for 4 percent Housing Tax Credit projects, using a streamlined FHA process only available to housing finance agencies.

Construction and Permanent Affordable Bond Loan

Partnership-to-Perm Affordable Bond Loan (PAIRABLE)


PAIRABLE provides loans of over $6 million in permanent FHA-insured financing for 4 percent Housing Tax Credit projects, featuring some of the lowest interest rates due to index pricing associated with Private Activity Bonds.

Partnership-to-Perm Affordable Bond Loan

chfa resource: affordable housing development cost dashboard

A multifamily building under construction

The CHFA Affordable Housing Development Cost Dashboard presents data on the costs of developing affordable housing supported with Housing Tax Credits in Colorado. Data is available from the last five years and can be explored by year, the five-year span, region, credit type, resident population, and development type. The current dashboard reflects data as of December 2024.

connect with us

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Sign Up for CHFA Multifamily Lending eNews


Sign up to hear first-hand about new programs, projects funded, partner features, training opportunities, and upcoming events. 

Sign up for Multifamily Lending eNews

Our solution-oriented team will help you find the right program to make your project a success. Connect with us today at 1.800.297.2342 or MF-Lending@chfainfo.com.

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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. 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.