chfa monthly impact report

May Report: Data from January 1 to April 30, 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

1,433 

Total homeowners served with loans

Top 15 Counties for Home Loans in 2024

The following graph illustrates the top 15 counties supported with CHFA home loans in 2024 based on dollars invested. The percentage of CHFA’s total $1.93 billion investment that each county represents is also indicated. The graph illustrates loans made between January 1, 2024, and December 31, 2024, and includes first mortgage loans only.

Bar chart showing production in top 15 counties




$529,356,776

First Mortgage Loans

$136,649

Down Payment
Assistance Grants

$22,229,280

Down Payment
Assistance Seconds

2,022

Homebuyer Education
Customers Served


Customers

$371,492

Median Loan Amount

698

Median Credit Score

$102,936

Median Income

131%

Median AMI

92%

First-time Homebuyers

 

rental housing

1,346

Units supported with loans, PAB, and/or Housing Tax Credits

Financing Supports The Vista at Greyhound Park

CHFA recently provided financing to support The Vista at Greyhound Park in Commerce City. Sponsored by Delwest, the development will provide 120 affordable rental townhomes serving households with incomes between 70 percent and 90 percent of the Area Median Income (AMI). The development is part of the 65-acre Mile High Greyhound Park community. Upon completion, the master-planned community will offer more than 950 housing units across a range of housing types including supportive housing, Housing Tax Credit developments, affordable middle-income rental housing, and market rate and detached single family homes.

CHFA was proud to support The Vista at Greyhound Park with a $6,000,000 loan through its Middle-income Access Program (MIAP). The development also received $3,000,000 in financing through the Proposition 123 Equity program managed by the state Office of Economic Development and International Trade (OEDIT), and for which CHFA serves as Contract Administrator.


10

Total Developments Supported

$209,094,545

Total Loan Production

$34,622,265

Multifamily Loan Commitments


Customers

1,171

Individual/Family Housing Units

0

Supportive Housing Units

175

Older Adult Units

0

Special Population Units

white background

332

Preservation Units

0

Veteran Units

240

Rural Housing Units

business lending

192

Total businesses served

Boys and Girls Club Receives New Markets Tax Credits for Learning Center

In April, CHFA allocated $10.5 million in New Markets Tax Credits (NMTC) through the Colorado Growth and Revitalization Fund (CGR Fund) to support The Boys and Girls Club of San Luis Valley (BGCSLV) in the construction a new Early Childhood Learning Center in Alamosa. BGCSLV is a nonprofit organization serving families and youth in need across six communities in the San Luis Valley, providing resource navigation, case management, prevention services, and critical early childhood learning services.

The current BGCSLV facility in Alamosa serves as a community hub for a wide range of activities and programs, and currently supports more than 330 children and youth. The new 17,000 square foot Early Childhood Learning Center will expand the services available to the community, serving up to 160 additional children ages six and under each year through tutoring, physical education, art and creativity programs, and more. The project will also support the creation of 23 new full-time equivalent jobs and the retention of 12 existing jobs.


1,371

Total Jobs Impacted

$34,628,115

Dollars Invested


Customers

35%

Women-owned

44%

Minority-owned

18%

Women- and
Minority-owned

$35,000

Median Loan Amount

community partnerships

201

Organizations supported

CHFAians Volunteer with Habitat for Humanity of Metro Denver 

In 2025, CHFA is partnering with Habitat for Humanity of Metro Denver to organize volunteer opportunities for CHFA staff. In April, a total of 27 CHFAians volunteered at the Habitat ReStore and in the Habitat Production Shop in Denver, for a total of 129 volunteer hours. The Habitat ReStore is a home improvement thrift store where people donate goods that are sold to the community at a lower cost. The Production Shop is an indoor warehouse where Habitat prepares components to bring to the job sites.

In May and June, CHFA will offer four additional volunteer opportunities, including onsite construction work to support Habitat’s Mountain View Community Homes development in Aurora.


$2,489,109

Total Giving

$459,630

Corporate Giving
(direct and in-kind)

$1,295,915

Regional Community
Investment Grants

$733,564

Technical Assistance

222

Staff Community Involvement Leave and
Day of Service Hours

433

Technical Assistance Hours

0

Staff Donation Drives
and Giving and Match

spotlight

Image of office with windows overlooking city

Property Management Toolkit Launched

CHFA’s Asset Management Division was proud to introduce the Property Management Toolkit in April. This online resource is designed to empower new property managers and provide them with the support they need to excel in their role and ensure that safe, decent, and affordable housing is an intentional and integrated part of the community. It includes free on-demand training modules across a range of topics, and may be accessed at chfainfo.com/pmt.

World of Modular Convention
Held in Nevada

CHFA staff took part in the Modular Building Institute (MBI) World of Modular Convention in Las Vegas. World of Modular brings together manufacturers, fleet owners, general contractors, architects, designers, and suppliers involved in the modular construction industry to learn, share, and network. Chief Operating Officer Steve Johnson, Manager, Business Finance Steve Boice, and Commercial Loan Officers David Foust and Ryan TerBush were in attendance.

Hughes Station Celebrates
Grand Renovation

CHFA took part in a grand renovation celebration for Hughes Station in Brighton, which includes the renovation of 120 affordable apartments serving families earning between 30 percent to 60 percent of Area Median Income (AMI). CHFA supported the development with $20.5 million in construction to permanent financing and $750,000 in Capital Magnet Fund (CMF) financing. In addition, CHFA allocated $1,185,643 in federal 4 percent Housing Tax Credits in 2024 alongside $16,340,000 in Private Activity Bonds (PAB).


Photos:
Hero: CHFA resident at The Village on Shields, Fort Collins
Rental Housing: The Vista at Greyhound Park, Commerce City, rendering courtesy of Your Vision Renderings
Business Lending: Boys and Girls Club of San Luis Valley Early Childhood Learning Center, Alamosa, courtesy of Spencer Architecture
Community Partnerships: CHFA Day of Service, Habitat for Humanity of Metro Denver Production Shop, Denver
Spotlight, center: CHFA staff attending World of Modular Annual Convention and Trade Show in Las Vegas, Nevada
Spotlight, right: Mike Fallesen, CHFA Commercial Loan Officer, Deb Bristol, Brighton Housing Authority Executive Director,
and Terry Barnard, CHFA Manager, Multifamily Lending, Hughes Station grand renovation event, Brighton