Page 11 - chfa2015CommRpt
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“Rent has become so difficult to afford,
preventing many individuals from saving
money for a down payment on a home
purchase. But CHFA created options with
the DPA Grant, which greatly increased our
customer volume this year. The CHFA DPA
Grant changed everything for a lot of people.
”It transformed their lives.
-Jason Staadt
Sales Manager, American Financing
In 2015, the average Coloradan needed to earn
$72,012 annually, or 118 percent of the Area
Median Income (AMI), to afford the median-
priced home in Colorado, which was $285,000.
