chfa monthly impact report
May Report: Data from January 1 to April 30, 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
1,692
Total homeowners served with loans
CHFA Expands Real Estate Professionals Training
Due to increased demand, CHFA recently announced that its accredited continuing education (CE) course for Colorado real estate professionals is now available online as a virtual class. This two-hour training course is offered quarterly by CHFA and is designed to help real estate professionals understand CHFA’s mortgage loan programs and how to use them to support their customers. It covers CHFA’s mission, loan programs, borrower eligibility requirements, down payment assistance options, and tools real estate professionals may use to help guide their customers toward affordable, responsible homeownership.
To connect with real estate professionals statewide, CHFA is an affiliate member of more than 20 local and regional REALTOR® associations. Through the first four months of the year, CHFA’s continuing education has served more than 120 real estate professionals across four in-person and two virtual courses. The virtual option has expanded the program’s reach, and has included attendees from Breckenridge, Crested Butte, Durango, and Fort Collins.
$625,671,196
First Mortgage Loans
$409,098
Down Payment
Assistance Grants
$26,558,370
Down Payment
Assistance Seconds
1,946
Homebuyer Education
Customers Served
Customers
$372,086
Median Loan Amount
700
Median Credit Score
$102,047
Median Income
122%
Median AMI
93%
First-time Homebuyers
rental housing
935
Units supported with
loans, PAB, and/or
Housing Tax Credits
Rifle Apartments Hosts Grand Opening Celebration
In April, CHFA took part in a grand opening and ribbon cutting celebration for Rifle Apartments. Developed by Evergreen Real Estate Group, the property offers 60 affordable apartments for households with incomes between 30 percent and 80 percent of Area Median Income (AMI). Amenities include a community room, fitness center, and playground, and it is located across the street from a Park-n-Ride that offers regional bus service throughout the I-170 corridor and Roaring Fork Valley.
CHFA supported Rifle Apartments with an award of $1.4 million in federal 9 percent Housing Tax Credits in 2023. Additionally, CHFA provided $3 million in permanent financing through its SMART loan program. Kathryn Grosscup, CHFA Housing Tax Credit Manager, was on hand for the grand opening and delivered remarks on behalf of CHFA.
11
Total Developments Supported
$54,845,352
Total Loan Production
$6,241,091
Multifamily Loan Commitments
Customers
935
Individual/Family Housing Units
0
Supportive Housing Units
395
Older Adult Units
0
Special Population Units
187
Preservation Units
0
Veteran Units
66
Rural Housing Units
business lending
114
Total businesses served
CHFA Supports Sangre de Cristo Arts and Conference Center Renovations
Sangre de Cristo Arts and Conference Center (SCACC) is a nonprofit community events center in Pueblo featuring galleries, venues, and the Buell Children’s Museum. The campus hosts various exhibitions, performances, and educational programs throughout the year, and features a collection of Southern Colorado art, as well as an outdoor sculpture garden.
CHFA recently provided a $362,000 cash collateral deposit through its Cash Collateral Support (CCS) program to support a loan to SCACC from Frontier Bank. The loan will help support the organization’s renovations to its 6,800-square-foot Jackson Conference Center building, which routinely hosts large community events. The final renovations will include the installation of a new elevator to ensure the space remains accessible.
719
Total Jobs Impacted
$23,288,592
Dollars Invested
Customers
33%
Women-owned
37%
Minority-owned
13%
Women- and
Minority-owned
$35,553
Median Loan Amount
community partnerships
127
Organizations supported
Leadership From CHFA Visit Washington, D.C., for Legislative Conference
Members of CHFA’s staff and Board visited Washington, D.C. in April for the annual Legislative Conference hosted by the National Council of State Housing Finance Agencies (NCSHA). While attending the conference, CHFA met with members of the Colorado Congressional delegation to discuss legislative priorities on housing and economic development, and to highlight CHFA’s work throughout the state.
Topics of discussion during meetings with lawmakers included the federal housing package, the 21st Century ROAD to Housing Act, and priorities related to the Housing Tax Credit, Private Activity Bonds, and the FFB Risk Share Initiative, among others. The CHFA team met with staffers and members of Congress including Senator Hickenlooper, Representative DeGette, and Representative Evans.
$1,532,968
Total Giving
$254,375
Corporate Giving
(direct and in-kind)
$509,343
Regional Community
Investment Grants
$769,250
Technical Assistance
63
Staff Community Involvement Leave and Day of Service Hours
310
Technical Assistance Hours
$0
Staff Donation Drives
and Giving and Match
spotlight
Loan Supports For-sale Homes in Longmont
CHFA provided $2 million in construction financing to support Vertikal and its development of 52 affordable for-sale homes in Longmont. The homes will be deed restricted in partnership with the City of Longmont and priced to support households with incomes between 80 percent and 120 percent of the Area Median Income (AMI). Various household sizes will be supported through a mix of detached units and townhomes offering two- and three-bedroom floor plans.
Regional Stakeholder Convenings Continue
Building on Community Investment Stakeholder Convenings held in March in Southwest Colorado, CHFA held additional meetings in April with community leaders and partners in Alamosa, Fort Morgan, Pueblo, Walsenburg, and Yuma. Discussions centered around the challenges and opportunities specific to local communities. Feedback received across these convenings will inform strategic plan and community investment work going forward.
Bond Recycling Initiative Shows Strong Early Results
Earlier this year, CHFA introduced the Multifamily Bond Recycling Program with the goal of reducing demand on Colorado Private Activity Bond cap (PAB) while supporting the tax-exempt financing needs of affordable multifamily developments. Since the initiative was launched in March, CHFA has preserved $79 million, recycled $42.6 million, and saved $42.6 million of PAB usage. The savings so far will allow for three to four more affordable housing developments to be funded.
Photos:
Hero: Neighbor to Neighbor,
Rental Housing: Rifle Apartments grand opening celebration, Rifle.
Business Lending: Sangre de Cristo Arts and Conference Center (SCACC) groundbreaking celebration for its Jackson Conference Center renovations project. Photo courtesy of Steve Bigley.
Community Partnerships: CHFAians and CHFA Board Members that attended the 2026 Legislative Conference in Washington D.C.
Spotlight, center: San Luis Valley Community Investment Stakeholder Convening, Alamosa
Spotlight, right: Capitol Square Apartments, CHFA Rental Housing Customer, Denver. CHFA issued $16.5 million in Private Activity Bonds to support the development.