rental housing

Middle-income Housing Tax Credit Awards Announced

In July, CHFA announced its inaugural award of state Middle-income Housing Tax Credits (MIHTC), allocating $4,832,748 in MIHTC to three developments that will support the construction of 220 affordable middle-income rental housing units. Established by Colorado General Assembly and its passage of House Bill 24-1316, MIHTC is the first of its kind in the nation and supports the development of rental housing for Coloradans with middle incomes who, therefore, don’t qualify for housing supported with traditional resources such as federal Housing Tax Credits, but who may still be overburdened by market rents. For additional details, view development descriptions and the 2025 MIHTC Award Report on CHFA’s website.

Customers

business lending

New Markets Tax Credits Support Early Connections Learning Centers  

In July, CHFA allocated $11 million in New Markets Tax Credits (NMTC) through the Colorado Growth and Revitalization Fund to support Early Connections Learning Centers (ECLC) in Colorado Springs. The NMTC allocation will support the rehabilitation of two existing ECLC early learning facilities, as well as the construction of a new 18,000 square foot educational center that will serve the children of downtown Colorado Springs.

In addition to providing high quality, affordable childcare, the new facility will include a professional development center for early educators, providing job training and opportunities for childcare providers across the region to earn their Child Development Associate (CDA) credentials. Upon completion of the project, the sponsor anticipates serving more than 230 children annually and supporting 80 to 100 educators with professional development opportunities.

Customers

community partnerships

CHFA Donates More than $1.1 Million to Colorado Nonprofits

CHFA has announced its Round One 2025 Direct Effect Award recipients, recognizing Colorado nonprofit organizations whose missions align with CHFA’s work to strengthen Colorado by investing in affordable housing and community development.

Eligible Direct Effect Award recipients include nonprofit and not-for-profit organizations including public housing authorities, cities, counties, and local municipalities. In Round One, CHFA donated $1,171,204 to 132 nonprofits across Colorado. The average grant awarded in Round One was $8,873. Including this latest round of awards, CHFA has donated more than $8.6 million in Direct Effect Awards to more than 580 Colorado organizations since 2021. A complete list of Round One award recipients is available on the CHFA website.