With over 50 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.

financing your project in 2026 with chfa

An exterior photo of a multifamily building with a tree in front.

CHFA knows strong communities make strong economies and we are proud to play a role. In 2025, CHFA Multifamily Lending was honored to serve the community by helping developers finance the new construction or preservation of 1,141 affordable rental housing units, with $160.6 million invested in loans.

We are excited to see more units produced or preserved in 2026 through the new bond cap available for multifamily projects. This year, $80 million in Private Activity Bonds (PAB) will be available for multifamily projects supported with federal 4 percent Housing Tax Credits that utilize CHFA’s Multifamily Lending programs.

We also recently made our multifamily loan closing process faster and more streamlined to get your project moving forward more quickly. You can find details about the improvements at chfainfo.com/open-doors.

We are looking forward to partnering with you in 2026 to increase affordable housing across the state. Our solution-minded team can help you find the right program to make your project a success.

featured development: hilltop senior living

An exterior view of a multifamily building with a landscaped courtyard and blue sky.

CHFA recently supported Hilltop Senior Living in Boulder with $6.35 million in financing through its Sizeable Multifamily Affordable Risk Share Tool (SMART) funded through the FFB Risk Share program. SMART provides up to $6 million in permanent insured financing to projects with up to 40-year terms. CHFA was also proud to support the development with an allocation of $662,227 in state Housing Tax Credit and $1.7 million in federal 4 percent Housing Tax Credit in 2021.

Sponsored by Boulder Housing Partners (BHP), Hilltop Senior Living includes construction of a new apartment building and adaptive reuse of a former church. The development features 60 newly constructed one- and two-bedroom apartments serving older adults aged 62 and older with incomes ranging from 30 percent to 60 percent of the Area Median Income (AMI). There are 15 Supportive Housing (SH) units. The renovation includes community space for residents and an existing child care center.

Photo courtesy of Boulder Housing Partners (BHP)

Sizable Multifamily Affordable Risk Share Tool

upcoming event: 2026 housing credit summit

Housing Credit Summit 2026 Expanding Horizons

We look forward to seeing you at the 2026 Housing Credit Summit on Tuesday, February 3rd, at Denver Center for the Performing Arts. CHFA’s Housing Credit Summit is a unique opportunity for Colorado’s Housing Tax Credit developers and affordable housing stakeholders to share ideas and network with local and national investors. Join us to learn more about expansions to state and federal Housing Tax Credits, discuss recent program changes, and celebrate the 40th anniversary of the federal Housing Tax Credit’s creation. The event will include a keynote address from Michael Novogradac. You can register and view additional details about the Housing Credit Summit including an event agenda on CHFA’s website.

meet the multifamily lending team: david foust

This month, we’d like to introduce you to CHFA Multifamily Lending team member David Foust. One benefit of working with the team is their extensive expertise and technical knowledge.

David is a Commercial Loan Officer III. In his role on the Multifamily Lending team, he assists with creating guidelines, managing the application process, reviewing and analyzing applications, and making funding recommendations in each of the funding rounds for the Proposition 123 Equity and Concessionary Debt programs. He also works with developers and applicants to navigate the application and underwriting process and assists the underwriting team.

“I believe that so much in life starts with having a safe, decent, and affordable place to live. I’m proud of my work at CHFA building the Prop 123 Concessionary Debt and Equity Programs,” said David. “These programs will not only enable development teams to complete their financing to deliver thousands of affordable homes, but will also provide an avenue for residents to build wealth through the tenant equity vehicle.”

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Our solution-oriented team will help you find the right program to make your project a success. Connect with us today at 800.877.2432 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 MT.