chfa monthly impact report
February Report: Data from January 1 to January 31, 2026
CHFA strengthens Colorado by investing in affordable housing and community development. CHFA’s work supports communities and creates jobs. We are proud to invest in Colorado’s success.
This monthly report provides a year-to-date snapshot of CHFA’s investments to support affordable housing and community development throughout Colorado, along with related narratives and analyses.
Please click here for a printable PDF version of this month’s report.
CHFA
Homeownership
Rental Housing
Business Lending
Community Partnerships
homeownership
386
Total homeowners served with loans
CHFA FirstGeneration Supported More Than 600 Homebuyers in 2025
The CHFA FirstGeneration home mortgage loan supports homebuyers who have never owned a home and whose parents or guardians have never owned a home. Borrowers raised in the foster care system are also eligible. Based on customer feedback, CHFA expanded eligibility for the CHFA program in 2025, requiring that only one borrower be a first-generation homebuyer.
Of the 5,491 households CHFA supported in becoming homeowners in 2025, 12 percent (657) utilized a CHFA FirstGeneration loan. Notably, 8 percent of borrowers self-identified as Black or African American and 68 percent as Hispanic, compared to 5 percent and 46 percent, respectively, across all CHFA home mortgage loans made last year.
$140,811,011
First Mortgage Loans
$48,691
Down Payment
Assistance Grants
$5,937,511
Down Payment
Assistance Seconds
550
Homebuyer Education
Customers Served
Customers
$368,225
Median Loan Amount
701
Median Credit Score
$97,515
Median Income
123%
Median AMI
94%
First-time Homebuyers
rental housing
150
Units supported with
loans, PAB, and/or
Housing Tax Credits
The Irving at Mile High Vista Celebrates Grand Opening
CHFA attended a grand opening celebration for The Irving at Mile High Vista in Denver on January 22nd. Developed by Urban Land Conservancy and Cho Development, The Irving includes 102 affordable apartments for individuals and families with incomes at 20 percent to 80 percent of the Area Median Income (AMI). The development is centrally located in the West Colfax neighborhood near transportation, schools, daily amenities, parks, and recreation.
CHFA supported The Irving with $1 million in state Affordable Housing Tax Credits, $2.2 million in federal 4 percent Housing Tax Credits, and $23.5 million in Private Activity Bonds (PAB). Additionally, The Irving received $1 million from the Proposition 123 Concessionary Debt LIHTC Gap Finance program. David Foust, CHFA Commercial Loan Officer, attended the celebration and delivered remarks on CHFA’s behalf.
1
Total Developments Supported
$0
Total Loan Production
$0
Multifamily Loan Commitments
Customers
150
Individual/Family Housing Units
0
Supportive Housing Units
0
Older Adult Units
0
Special Population Units
0
Preservation Units
0
Veteran Units
0
Rural Housing Units
business lending
25
Total businesses served
Financing Announced for Innovative Housing Manufacturers
On January 9th, CHFA joined Gov. Jared Polis and the Office of Economic Development and International Trade (OEDIT) to announce the Proposition 123 Modular Finance and Innovative Housing Incentive Program (IHIP) awards. The programs are managed by CHFA on behalf of OEDIT, and both programs offer financing options for manufacturers of innovative housing, including offsite, 3D-printed, factory-built, and modular construction technologies.
After careful consideration and evaluation of applicants, CHFA and OEDIT awarded funding to four applicants totaling $12 million, with $10.25 million in financing from the Proposition 123 Affordable Housing Financing Fund and $1.8 million in financing from IHIP. A full list of financing recipients is available on the CHFA website at chfainfo.com/ihip.
138
Total Jobs Impacted
$3,771,198
Dollars Invested
Customers
32%
Women-owned
20%
Minority-owned
0%
Women- and
Minority-owned
$50,000
Median Loan Amount
community partnerships
24
Organizations supported
Towaoc’s Nuchu Market Opens to Customers
CHFA attended the grand opening and ribbon cutting celebration for Nuchu Market in Towaoc, located just outside of the Ute Mountain Ute Reservation. The new grocery store opened its doors to customers in January, providing fresh food to the surrounding community and incorporating locally sourced products and goods. The store is the realization of a longtime goal of the Ute Mountain Ute Tribal leadership, bringing produce and other perishable goods to an area previously considered a food desert.
On hand for the grand opening event were Ute Mountain Ute Tribal leaders and elders as well as members of the public. CHFA Community Relationship Manager Chris Lopez was also in attendance. In 2025, CHFA provided grant funding to the Ute Mountain Ute Tribe, a portion of which supported the development of Nuchu Market.
$86,886
Total Giving
$10,500
Corporate Giving
(direct and in-kind)
$76,300
Regional Community
Investment Grants
$175
Technical Assistance
47
Staff Community Involvement Leave and Day of Service Hours
1
Technical Assistance Hours
$0
Staff Donation Drives
and Giving and Match
spotlight
The Stables Breaks Ground in Aurora
On January 29th, CHFA attended the groundbreaking for The Stables Family Housing Project in Aurora. Developed by Grovewood Community Development, the development will include 85 apartments for households earning 30 percent to 80 percent of the Area Median Income (AMI). CHFA awarded $1.8 million in state Affordable Housing Tax Credits, $2 million in federal 4 percent Housing Tax Credits, and $22.5 million in Private Activity Bonds (PAB). The property also received $3.5 million from the Proposition 123 Concessionary Debt LIHTC Gap Finance program.
CHFAians Travel to D.C. for HFA Institute
Numerous CHFA staff attended the National Council of State Housing Agencies (NCSHA) HFA Institute in Washington, D.C. from January 11-16. The annual conference convenes industry leaders administering the Housing Credit, federal homeownership programs, Section 8, and the HOME Investment program and Housing Trust Fund. Thomas Haffey, Manager, Secondary Marketing, Dan McMahon, Director, Home Finance, and Brian Miller, Director, Asset Management participated in panel sessions.
MLK Business Awards Held in Denver
On January 15th, CHFA sponsored and attended the annual Martin Luther King, Jr. Business Awards Luncheon in Denver. Each year, the ceremony honors individuals, corporations, and nonprofit organizations that display exemplary social responsibility in adhering to the ideals of Dr. Martin Luther King, Jr. The 2026 luncheon benefited Denver Kids, Inc., a nonprofit organization providing scholarships to underserved and non-traditional students in Colorado.
Photos:
Hero: Peak Education, CHFA business lending customer, Colorado Springs
Rental Housing: The Irving at Mile High Vista grand opening celebration, Denver. Photo courtesy of Urban Land Conservancy.
Business Lending: Vederra Modular, Aurora.
Community Partnerships: Nuchu Market grand opening and ribbon cutting celebration, Towaoc.
Spotlight, left: The Stables groundbreaking, Aurora.
Spotlight, center: CHFAians at the NCSHA HFA Summit, Washington, D.C.
Spotlight, right: CHFAians at the Martin Luther King, Jr. Business Awards Luncheon, Denver.