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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.
| | featured development: jet wing flats | | |
Jet Wing Flats in Colorado Springs, sponsored by Commonwealth Development Corporation of America and Solid Rock Community Development Corporation, will include new construction of 68 one-, two-, and three-bedroom apartments. The development will serve families with income ranging from 30 percent to 80 percent of the Area Median Income (AMI). Jet Wing Flats integrates trauma-informed design with views of green space, increased natural light, warm colors, and artwork throughout. On-site community and supportive services include eviction prevention, financial literacy, budgeting, first-time homebuyer courses, food security resources, and youth programming.
CHFA recently supported the development with a $15.5M construction bond loan and $7.1M in financing through its 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. The development also received $1.3M in federal 4 percent Housing Tax Credit and $1.8M in accelerated state Housing Tax Credit in 2024.
Rendering courtesy of The Commonwealth Companies and M+A Design, Inc.
| | upcoming event: colorado real estate journal 2026 affordable housing summit & expo | | |
CHFA staff will be participating in the Colorado Real Estate Journal 2026 Affordable Housing Summit & Expo on Wednesday, April 15th. Please reach out if you’d like to connect!
- What’s New – Thomas Bryan, CHFA Executive Director and CEO
- Financing Market – Steve Johnson, CHFA Chief Operating Officer
- Missing Middle – Lynn Archuleta, CHFA Commercial Loan Officer III
| | 2025 community report details chfa's $2.9 billion investment across colorado | | |
You can learn about CHFA’s investments and the communities they impacted in CHFA’s 2025 Community Report released in March. Last year CHFA invested $2.9 billion to support affordable housing and community development across Colorado.
Through these investments, CHFA was proud to assist Coloradans by:
- Serving 5,491 customers through CHFA’s home mortgage loan programs
- Helping developers create or preserve 5,732 affordable rental housing units with multifamily loans and/or Housing Tax Credits
- Supporting 2,814 jobs by serving 475 businesses with business lending programs
- Investing in 696 organizations statewide with donations, grants, and volunteerism
You can read the full community report on CHFA’s website
| | meet the multifamily lending team: mike fallesen | | |
This month, we’d like to introduce you to CHFA Multifamily Lending team member Mike Fallesen. One benefit of working with the team is their extensive expertise and technical knowledge. In his role as a Commercial Loan Officer III, Mike underwrites CHFA multifamily loans, presents project loans for approval, and coordinates and assists during the loan commitment and closing process.
"I'm extremely proud of my over 30 years of experience in the affordable housing industry. Many of those years were spent in the private sector, and I came to realize that my real passion is in the fulfillment of the mission of State Housing Finance Agencies like Colorado Housing and Finance Authority (CHFA). The impact that CHFA has on the state of Colorado, and its diverse communities, is something that I'm extremely proud of,” said Mike. “We are fortunate in Colorado to have an incredible focus on affordable housing and the many financing tools that we have at our disposal are representative of that. These tools enable CHFA to be creative in its efforts to provide opportunities for housing stability and economic prosperity for all Coloradoans."
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Terry Barnard, Manager, Multifamily Lending had his last day at CHFA this week. We thank him for his 21 years of service and unwavering dedication to CHFA and impact on affordable rental housing across Colorado. We wish him all the best in his future endeavors.
| | 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. | | | | | |
