Page 53 - 2014_15CommunityRpt_FlipBookPDF

1994
1995

1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014

individuals and families in El Paso County. and multifamily development for Colorado since
The property is well-maintained and is owned its inception.
by Colorado Springs Affordable Housing, a
nonprofit organization sponsored by Volunteers CHFA’s Board of Directors approved new HOF
of America. allocations in 2013 that have resulted in projects
such as Village at Westerly Creek I. This project
1990 is a 55-unit affordable housing development for
seniors and those with disabilities.
chfa creates hof
chfa assists limon victims
CHFA’s Housing Opportunities Fund (HOF) was
created in 1990 to support affordable housing An F3 tornado with speeds of more than
by providing a flexible source of funding. Two 135 miles per hour, a Colorado rarity, ripped
applications were supported in this first year: a through Limon in June 1990. The twister
foreclosure prevention loan program sponsored damaged 117 homes and 23 businesses, causing
by Colorado Housing Assistance Corporation, $25 million in damages.*
and a Homeless to Homeownership program
sponsored by Northeast Denver Housing. HOF CHFA was proud to help many victims of the
has addressed unique needs in homeownership storm by providing tax credits to finance the
equity for the construction of Smokey Trail
Village at Westerly Creek, a multifamily customer in Aurora Village. The rental property in Limon helped
replace affordable housing lost in the disaster.

*Source: Colorado Division of Homeland Security and Emergency Management