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The purchasing of Habitat loans enabled CHFA CHFA developed a complete homebuyer
to help lower income families realize their education program, providing a consistent
dreams of homeownership, including the curriculum for housing counselors across the
Arevalo family of Greeley. The family of six was state. Currently, CHFA has 26 homebuyer
living in a cramped, two-bedroom apartment education partners throughout Colorado.
with poor insulation, until they moved into CHFA’s investment in homebuyer education to
a new four-bedroom house built by Habitat date is more than $3.7 million, serving more
volunteers and the family itself. than 97,800 households.
1998-99
homebuyer education
becomes staple in chfa
home finance
In 1998, CHFA began requiring homebuyer
counseling and education for each borrower
prior to their loan closing. The following year,
Participants in a CHFA-sponsored homebuyer education class held in Grand Junction
