rental housing

901 Navajo Street Development Breaks Ground in Denver

CHFA took part in a groundbreaking celebration for 901 Navajo Street in March. Sponsored by Mercy Housing Mountain Plains, the development will offer a mix of Supportive Housing and affordable apartments for individuals and families with incomes between 30 percent and 60 percent of the Area Median Income (AMI). The property will include an onsite health center operated by Denver Indian Health and Family Services (DIHFS).

CHFA was proud to support 901 Navajo Street through an award of $4,381,283 in federal 4 percent Housing Tax Credits and $1,100,000 in state Affordable Housing Tax Credits in 2023. In addition, CHFA was proud to allocate $13 million in New Markets Tax Credits to support the onsite health center. Kathryn Grosscup, Manager, Housing Tax Credit, and Steve Boice, Manager, Business Finance, delivered remarks on CHFA’s behalf at the event.

Customers

business lending

Fresh Market Community Kitchen Celebrates Grand Opening

CHFA attended a ribbon cutting and grand opening celebration for Fresh Market and Community Kitchen on March 21st in Littleton. The newly opened grocery store provides organic produce and culturally relevant products to East Littleton and surrounding communities composed of Hispanic, Middle Eastern, South Asian, Somali, and Afghani populations.

In addition to groceries, the store also offers prepared foods and a small café, and the owner hopes that the store’s lower level can host community events including resume writing workshops and English classes. CHFA was proud to support the business with a $643,000 direct loan in 2023. Commercial Loan Officer Terrance Grady attended the event.

Customers

community partnerships

CHFA Attends Legislative Conference in Washington, D.C. 

A cohort of CHFA staff and Board members traveled to Washington, D.C., to attend the National Council of State Housing Agencies (NCSHA) annual Legislative Conference held March 10-12. The team met with member offices from Colorado’s Congressional delegation on Capitol Hill, and spent time discussing CHFA’s legislative priorities and highlighting CHFA’s work and impact throughout the state.

During meetings with representatives from Colorado’s congressional delegation, CHFAians discussed the opportunity to strengthen and expand Private Activity Bond and Housing Tax Credit resources, permanently extend the New Markets Tax Credit in the reconciliation bill, as well as the changing funding landscape for HUD and partner agencies.