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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.
| | chfa-supported developments celebrate groundbreaking and grand opening | | |
Wagoner on the Creek Groundbreaking
Congratulations to Wagoner on the Creek in Aurora which celebrated its groundbreaking on Tuesday, August 25th. Developed by Brothers Redevelopment, Inc., Wagoner on the Creek will include new construction of 60 units of supportive housing serving individuals experiencing homelessness and those who have previously been involved with the justice system.
CHFA’s investment in the development includes $5.2M in permanent financing through the Sizeable Multifamily Affordable Risk Share Tool (SMART) loan program. SMART provides $3 to $6 million in permanent insured financing for 9 percent Housing Tax Credit projects. The program features up to 40-year fixed rates and the lowest FHA mortgage insurance premium in the industry. CHFA also provided the development $1.6M in federal 9 percent Housing Tax Credits, $650,000 in state Affordable Housing Tax Credits, and $78,000 in Transit-oriented Communities (TOC) Credit.
Photo of Wagoner on the Creek groundbreaking, August 25, 2026
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Mineral Point Grand Opening
Mineral Point celebrated its grand opening in Crested Butte on Tuesday, September 22nd. Developed by TWG Development, Mineral Point includes 34 affordable apartments serving households with incomes between 30 percent to 60 percent of Area Median Income (AMI). The development has a community room, dog wash, and covered bike storage and workbench. Mineral Point features an all-electric design, certifying to Zero Energy Ready Homes, an advanced energy efficiency program.
CHFA supported Mineral Point with an $850,000 CHFA Housing Opportunity Fund (HOF) permanent loan, a $720,000 Capital Magnet Fund (CMF) loan, and a $250,000 CMF grant. CHFA HOF provides up to $1 million in flexible gap financing, which can be paired with any of CHFA’s senior debt programs as secondary financing, used as a first mortgage loan, or as an interest rate subsidy. CMF provides up to $750,000 of flexible gap financing for the preservation or construction of 4 percent or 9 percent Housing Tax Credit projects located in eligible areas and serving incomes at or below 50 percent of Area Median Income. CHFA also supported the development with $1.2M in federal 9 percent Housing Tax Credits in 2023.
Photo of Mineral Point grand opening, September 22, 2026
| | connecting at the 2026 housing colorado annual conference | | |
CHFA’s Multifamily Lending team is looking forward to the opportunity to connect with customers and industry colleagues at the 2026 Housing Colorado Annual Conference next month. David Foust, CHFA Commercial Loan Officer, will be speaking at a session about tenant equity vehicles and other members of the Multifamily Lending team will also be attending the conference.
At CHFA, we believe strong communities are built through partnership. Currently, we are undergoing a strategic effort to deepen our understanding of customer journeys across the housing continuum to improve the ways we meet our mission to strengthen Colorado by investing in affordable housing and community development. That includes our recent in-depth analysis of the customer journey for affordable multifamily housing developers in Colorado. Following feedback from developers, CHFA is streamlining the process for CHFA loan products from origination to closing. We are also updating systems for document delivery and customer progress tracking.
| | 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. | | 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. | | | | | |
