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Innovage, a multifamily customer in Thornton
affordable rental housing
CHFA believes our state will be stronger In 2014, Colorado renewed the state
when all Coloradans have access to safe Low Income Housing Tax Credit (state
and affordable housing. LIHTC) program, authorizing CHFA to
competitively award $5 million in state
To further our mission, we provide loans LIHTC in both 2015 and 2016. The
and Low Income Housing Tax Credits program also creates the opportunity for
(LIHTC) to affordable rental housing CHFA to allocate tax credits above the $5
developers to help them build new and million annual cap to support affordable
renovate existing multifamily housing. housing developments in counties
impacted by natural disasters.
The resulting construction activity
generates economic investment and jobs CHFA also cosponsored the Pathways
in Colorado. Home Permanent Supportive Housing
Toolkit. Participants receive training to
To help ensure a development’s success, help them develop permanent supportive
CHFA provides technical assistance and housing in their community. The
education for property owners, staff, toolkit includes best practices in project
and residents. development, from funding to property
management and service provision. By
We know strong communities make the fall of 2014, the program already
strong economies and we are proud to produced its first successful project, which
play a role. will result in 40 new homeless housing
units in Grand Junction.
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