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.

residences at willow park celebrates grand opening

Residences at Willow Park in Aurora, sponsored by Aurora Housing Authority, celebrated its grand opening this month. The development includes 86 units, consisting of the rehabilitation of 64 of the existing 68 units, demolition and replacement of four units, and additional construction of 18 new units and a community space. The development will serve individuals and families with incomes between 30 percent and 60 percent of the Area Median Income (AMI).

CHFA invested in Residences at Willow Park with a construction-to-permanent loan of $23.9M through the Construction and Permanent Affordable Bond Loan (CAPABLE) program. The CAPABLE program combines construction and permanent financing to provide loans of $6 million or more for 4 percent Housing Tax Credit projects, using the FHA 542(c) Risk Share program only available to housing finance agencies. The development also received $1.5M in federal 4 percent Housing Tax Credits in 2023 and $19M in Private Activity Bonds (PAB).

Photo courtesy of Mile High Lens.

Construction and Permanent Affordable Bond Loan program

colorado real estate journal 2026 affordable housing bus tour

A group of people on a tour standing on a rooftop

CHFA staff appreciated the opportunity to participate in and connect at the Colorado Real Estate Journal 2026 Affordable Housing Bus Tour this month. CHFA was a sponsor for the event produced in partnership with Apartment Appraisers and Consultants and Community Builders Realty Services.

The bus tour included a discussion about the current state of the affordable apartment market and current trends for development. Stops on the tour included Irving at Mile High Vista, Denver Metro Village, Fifty Eight Hundred, Sheridan Station Apartments, and Ralston Gardens, all of which CHFA has supported.

Photo of CHFA staff at Fifty Eight Hundred, Colorado Real Estate Journal 2026 Affordable Housing Bus Tour, May 19, 2026.

meet the multifamily lending team: lisa higgins

This month, we’d like to introduce you to CHFA Multifamily Lending team member Lisa Higgins. One benefit of working with the team is their extensive expertise and technical knowledge. In her role as a Commercial Loan Specialist II, Lisa supports multifamily lending activities from underwriting through construction and closeout. This includes due diligence review and coordination of internal reviews, compliance support, and construction draw package review and submittals.

“I bring 25 years of lending experience across mortgage and Small Business Administration (SBA) loan processing. While those roles built a strong foundation, joining CHFA has felt like finding a professional home,” said Lisa. “I’m proud to support CHFA’s mission of expanding access to affordable housing for communities across Colorado.”

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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, 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, available weekdays 8:00am to 5:00pm MT.