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affordable rental housing how chfa
supports affordable
With record low vacancy rates and to help developers and other rental housing
rising rents in 2015, resources to homeless service providers create
support affordable rental housing high-quality supportive housing for CHFA believes our state
became increasingly critical. The those experiencing homelessness. will be stronger when all
availability of the new state Low Due to the success of the program, Coloradans have access to
Income Housing Tax Credit (LIHTC), more homeless housing units were safe and affordable housing.
allowed CHFA to nearly double the supported by CHFA in 2015 than in To further our mission,
number of housing units supported any other single year in our history. we provide loans and tax
and better serve Colorado’s most credits to affordable rental
vulnerable populations, including To further invest in affordable rental housing developers to
those displaced by the 2013 floods. housing last year, CHFA: help them build new and
Additionally, the CHFA-sponsored preserve existing multifamily
Pathways Home Supportive Housing ■■partnered with the City of Denver to housing. The resulting
Toolkit proved effective in 2015. The administer its $10 million revolving construction activity generate
Toolkit is a resource designed loan fund; economic investment and
jobs in Colorado.
15 ■■was approved by the U.S.
Department of Treasury and We work with local
HUD to offer a new permanent communities to meet their
financing loan program with below unique housing needs, and
market interest rates for affordable we collaborate with lenders,
multifamily developers; nonprofits, and government
agencies to offer financing
■■expanded the uses and advantages solutions. To help ensure a
of our Housing Opportunity development’s success, CHFA
Fund; and provides technical assistance
and education for property
■■launched a formal preservation owners, staff, and residents.
strategy for affordable rental units We know strong communities
across the state in coordination with make strong economies, and
key state and local partners. we are proud to play a role.
