Page 22 - chfa2015CommRpt

customers 6% lihtc overview
26%
homeless housing units 66% The federal Low Income Housing
senior housing units 71% Tax Credit (LIHTC) program was
family housing units created in 1986 under President
new construction units 6% Reagan. It incentivizes private
rural units sector investment in affordable
rental housing development and
economic impact preservation. The equity raised from
the sale of the tax credits enables
project development costs $773,798,625 developers to make units available
to residents at affordable rents, and
jobs impacted 6,634 leverages contributions from other
nonprofit, state, and local partners.
related economic activity $1,155,229,379
All states receive two types
of federal LIHTC to support
affordable rental housing: federal
4 percent LIHTC, which subsidizes
approximately 30 percent of a
development’s costs; and federal
9 percent LIHTC, which subsidizes
approximately 70 percent of a
development’s costs.

In 2014, the Colorado General
Assembly renewed the state
LIHTC program, modeled after
the nationally recognized federal
LIHTC program.

CHFA is the allocating agency
of both federal and state LIHTC
in Colorado.

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