Congratulations to Bentley Commons Apartments in Colorado Springs, which held a grand opening event this month. CHFA was proud to celebrate with GPR Properties and support Bentley Commons and its residents. The development included the acquisition and rehabilitation of 24 apartments as well as new construction of 168 apartments. It will serve households with incomes from 30 percent to 60 percent of Area Median Income (AMI). 

CHFA supported Bentley Commons with a $35.4 million construction-to-permanent loan through the Construction and Permanent Affordable Bond Loan (CAPABLE) program. At the time the project reaches stabilized occupancy, $12.7 million will convert to the permanent phase. Additionally, CHFA will provide a $600,000 permanent Capital Magnet Fund (CMF) loan, and a $245,000 CMF grant. 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 CMF program provides up to $750,000 of flexible gap financing for the preservation or construction of 4 percent or 9 percent Housing Tax Credit developments located in eligible areas and with a preference for serving incomes at or below 50 percent of Area Median Income (AMI). CHFA also supported the development with an award of $1 million in state Affordable Housing Tax Credits and $2.98 million in federal 4 percent Housing Tax Credits in 2022. 

Photo courtesy of Colorado Department of Local Affairs Division of Housing, A grand opening celebration for Bentley Commons on October 7, 2025

CHFA’s multifamily lending team appreciated the opportunity to connect with our customers and industry colleagues at the 2025 Housing Colorado Annual Conference this month. Our mission inspires us to do our best for Colorado. We know these are dynamic times. That’s why CHFA is working hard to improve our processes and expand resource availability. That includes our recent update making our multifamily loan closing process faster and more streamlined to get your project moving forward more quickly. Now, more than ever, CHFA remains committed to the vision that every Coloradan will have the opportunity for housing stability and economic prosperity.

Pictured: 2025 Housing Colorado Annual Conference

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

D. is a Commercial Loan Officer II. In her role on the Multifamily Lending team, she underwrites CHFA multifamily loans, presents project loans for approval, and coordinates and assists during the loan commitment and closing process.



“I’m passionate about my work in Multifamily Lending because of our commitment to finance the places where people live. Every project presents an opportunity to turn complex financing into access to real homes for people most in need of housing,” said D. “It’s incredibly rewarding to contribute to work that helps create stability, dignity, and opportunity through housing.”

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.