chfa monthly impact report
June Report: Data from January 1 to May 31, 2025
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
1,957
Total homeowners served with loans
Updated Home Mortgage Income and Purchase Limits Published
In May, CHFA published updated income and purchase limits for all CHFA home mortgage loan programs. The maximum income limit of any one program is currently $174,440, which is 140 percent of the statewide Area Median Income (AMI). The table below outlines CHFA’s 2025 loan production by household AMI through May 31, 2025.
$723,752,275
First Mortgage Loans
$225,952
Down Payment
Assistance Grants
$30,533,899
Down Payment
Assistance Seconds
2,763
Homebuyer Education
Customers Served
Customers
$372,788
Median Loan Amount
698
Median Credit Score
$102,219
Median Income
129%
Median AMI
93%
First-time Homebuyers
rental housing
2,020
Units supported with loans, PAB, and/or Housing Tax Credits
Round One Housing Tax Credit Awards
In the first Housing Tax Credit round of 2025, CHFA awarded 12 developments reservations of state and federal Housing Tax Credits. This includes awards of Transit-oriented Communities (TOC) credit to seven developments. In total, the developments awarded in Round One will support 679 affordable rental housing units to serve various housing needs in Colorado, serving households with low and moderate incomes, individuals and families transitioning out of homelessness, and older adults. The total private sector equity investment estimated to be generated from the federal tax credits awarded exceeds $207.4 million.
The following is a list of the developments receiving award reservations. For more details, view full development descriptions and the 2025 Round One Award Report on CHFA’s website.
· 101 Main, Frisco - Developer: The NHP Foundation
· Arapahoe PSH, Aurora - Developer: Brothers Redevelopment, Inc.
· Blossom Commons, Westminster - Developer: Volker Housing Partners, LLC
· Ives II, Wheat Ridge - Developer: Foothills Regional Housing
· Kite Route Crossing, Superior - Developer: Pennrose LLC
· Marq, Trinidad - Developer: Commonwealth Development Corporation of America
· Park Avenue Apartments, Denver - Developer: Colorado Coalition for the Homeless
· Ravenfield, Brighton - Developer: Brighton Housing Authority
· Rita Bass Apartments, Denver - Developer: Evergreen Real Estate Group
· Switchgrass Crossing, Fort Collins - Developer: Volunteers of America National Services
· Tapestry LIHTC, Denver - Developer: Gorman and Company, LLC
· Tierra Azul, Alamosa - Developer: Community Resources and Housing Development Corp.
24
Total Developments Supported
$243,514,545
Total Loan Production
$34,872,265
Multifamily Loan Commitments
Customers
1,489
Individual/Family Housing Units
120
Supportive Housing Units
366
Older Adult Units
0
Special Population Units
332
Preservation Units
0
Veteran Units
382
Rural Housing Units
business lending
237
Total businesses served
CHFA Supports Friends of Levitt Pavilion
CHFA provided Cash Collateral Support Plus and Cash Collateral Support credit enhancements of $67,500 each to support a loan to Friends of Levitt Pavilion through Collegiate Peaks Bank. The loan will provide working capital to support the nonprofit that operates Denver’s Levitt Pavilion nonprofit concert venue through the busy summer season. Located in southwest Denver’s Ruby Hill neighborhood, the mission of Levitt Pavillion is to build community through music, providing access to more than 50 concerts every year through its outdoors, all-ages venue. Since the venue opened in 2017, it has become an inclusive gathering place for Ruby Hill and the surrounding community, operating in partnership with the Levitt Foundation and Denver Parks and Recreation.
1,690
Total Jobs Impacted
$42,050,069
Dollars Invested
Customers
35%
Women-owned
46%
Minority-owned
17%
Women- and
Minority-owned
$36,000
Median Loan Amount
community partnerships
232
Organizations supported
CHFAians Take Part in Annual Blitz Build
A crew of CHFA staff volunteers assembled to support Home Builders Foundation (HBF) in its annual Blitz Build in May. The Blitz Build gathers volunteers each year to build home wheelchair ramps for people living with disabilities. HBF is a nonprofit based in Centennial whose mission is to build independence, provide opportunities, and elevate lives for individuals and families with disabilities. Home modifications organized through the Blitz Build help to enable greater access, safety, and mobility for residents.
CHFA has had the privilege of supporting Home Builders Foundation and the Blitz Build for more than nine years, including through sponsorships and Direct Effect Awards. In addition, HBF was selected as the 2023 beneficiary of CHFA’s annual David W. Herlinger Golf Tournament.
$2,739,456
Total Giving
$503,130
Corporate Giving
(direct and in-kind)
$1,458,115
Regional Community
Investment Grants
$778,211
Technical Assistance
377
Staff Community Involvement Leave and Day of Service Hours
585
Technical Assistance Hours
0
Staff Donation Drives
and Giving and Match
spotlight
Affordable Housing Bus Tour
More than a dozen CHFAians took part in the 2025 Colorado Real Estate Journal Affordable Housing Bus Tour on May 20th, which convened affordable housing property owners, developers, investors, asset managers, staff, board members, and elected officials on a tour to seven affordable housing developments located throughout Denver. Each of the properties featured were supported by Housing Tax Credits, New Markets Tax Credits, and/or CHFA’s multifamily lending programs.
WAHN Summit
The National Women in Affordable Housing Network (WAHN) Summit was held in Denver from May 4th – 7th. The conference brought together women from across Colorado and the nation, representing diverse backgrounds and perspectives, to share insights and leadership in the affordable housing industry. Kathryn Grosscup, CHFA Manager, Housing Tax Credit and Brittney Cousin, CHFA Preservation Officer, were honored to speak at the event.
Colorado NAHRO Conference
CHFA was proud to be a sponsor of the Colorado NAHRO Annual Conference from May 13th – 16th in Pueblo. The conference brought together industry leaders and advocates to talk about solutions for strengthening affordable housing in Colorado. Brian Miller, CHFA Director, Asset Management, showcased CHFA’s newly launched Property Management Toolkit, and eleven additional members of CHFA’s Asset Management and Community Development Divisions delivered presentations at the conference.
Photos:
Hero: CHFA resident at Mariposa Apartments, Denver
Homeownership: CHFA homeowners, Bianca and Patrick, Colorado Springs
Rental Housing: Rendering of Switchgrass Crossing, courtesy of Shopworks Architecture
Business Lending: Levitt Pavilion, Denver
Community Partnerships: CHFAians take part in the Home Builders Foundation 2025 Blitz Build, photo courtesy of Steve Boice
Spotlight, left: CHFA staff visit an affordable housing development during the Colorado Real Estate Journal Affordable Housing Bus Tour
Spotlight, center: Brittney Cousin, CHFA Preservation Officer (third from left), with other panelists at the National Women’s Affordable Housing Network (WAHN) Summit
Spotlight, right: Brian Miller, CHFA Director, Asset Management, delivers remarks at the 2025 Colorado NAHRO Annual Conference in Pueblo