chfa monthly impact report
October Report: Data from January 1 to September 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
4,125
Total homeowners served with loans
CHFA Sponsors Free Access to Zogo Financial Education App
CHFA recently announced a partnership with Zogo, a leading financial technology firm, to offer free access to Zogo’s financial education mobile app for Colorado homebuyers. The Zogo app offers professionally verified, individually tailored educational modules on a range of personal finance topics, including budgeting, saving, building credit, and preparing for homeownership.
The app may be downloaded from the Apple and Google Play app stores. Users of the Zogo app complete brief educational modules and earn points as they progress, helping to make learning more engaging, rewarding, and convenient for today’s homebuyers. Prospective and current CHFA homeowners may access the app for free, and additional information is chfainfo.com/zogo.
$1,537,055,883
First Mortgage Loans
$572,146
Down Payment
Assistance Grants
$64,056,411
Down Payment
Assistance Seconds
6,108
Homebuyer Education
Customers Served
Customers
$377,044
Median Loan Amount
697
Median Credit Score
$102,732
Median Income
130%
Median AMI
93%
First-time Homebuyers
rental housing
3,340
Units supported with loans, PAB, and/or Housing Tax Credits
St. Stephen Apartments Hosts Grand Opening Celebration
CHFA was pleased to take part in a grand opening celebration for The St. Stephen Apartments in Denver on Thursday, September 11th. Developed by MGL Partners, The St. Stephen Apartments includes 50 affordable apartments serving older adults aged 62 and above with incomes between 30 percent and 60 percent of the Area Median Income (AMI).
The development was built in partnership with St. Stephen Missionary Baptist Church. CHFA was proud to support the development with an award of $1,255,389 in federal 9 percent Housing Tax Credits in 2022. In addition, CHFA provided a $1,993,000 SIMPLE loan and a $400,000 HOF loan. CHFA Chief Operating Officer Steve Johnson delivered remarks on CHFA’s behalf at the celebration.
38
Total Developments Supported
$452,375,913
Total Loan Production
$114,206,833
Multifamily Loan Commitments
Customers
2,602
Individual/Family Housing Units
120
Supportive Housing Units
618
Older Adult Units
0
Special Population Units
488
Preservation Units
0
Veteran Units
547
Rural Housing Units
business lending
385
Total businesses served
CHFA Drive It Home – Construction Loan Launched
In September, the CHFA Drive It Home – Construction Loan was launched. The loan offers below-market interest rates to for-profit and nonprofit home builders to support new construction of affordable for sale homes in Colorado and also provides home mortgage loans to the buyers of those homes.
Eligible projects utilizing the CHFA Drive It Home – Construction Loansm will fund both new construction or adaptive reuse to affordable for-sale housing alongside a mortgage for homebuyers earning up to 140 percent of the statewide Area Median Income (AMI), and the homes supported must remain affordable for a minimum of 20 years. A total of $50 million is available for application in 2025, and additional details are available chfainfo.com/dih.
2,406
Total Jobs Impacted
$71,406,942
Dollars Invested
Customers
38%
Women-owned
42%
Minority-owned
17%
Women- and
Minority-owned
$36,000
Median Loan Amount
community partnerships
467
Organizations supported
Investment Supports Western Slope Wildfire Recovery
In response to the Elk, Lee, and Crosho wildfires in Northwest Colorado, CHFA invested $20,000 in Yampa Valley Community Foundation’s (YVCG) Yampa Valley Disaster Recovery Fund. The Fund helps meet the immediate and long-term relief and recovery needs of the people and places affected by disasters in the Yampa Valley region. To mobilize quickly and equitably, funds are distributed to nonprofit organizations and local governments working to advance recovery efforts throughout the affected region.
YVCG’s efforts aim to minimize the impact on households and businesses in the region, including supporting local nonprofits that incurred unexpected expenses as they supported residents during evacuations. The funding provided will also aid recovery and mitigation efforts including supporting repairs to homes damaged by fire, providing sandbags to protect communities from flash flooding and mudslides, and helping to fund road repairs due to damage from mudslides.
$5,643,487
Total Giving
$2,124,331
Corporate Giving
(direct and in-kind)
$2,124,331
Regional Community
Investment Grants
$1,332,971
Technical Assistance
1,038
Staff Community Involvement Leave and Day of Service Hours
777
Technical Assistance Hours
$350
Staff Donation Drives
and Giving and Match
spotlight
Building Legacy Event Held in Denver
On September 24th, CHFA hosted Part III in Building Legacy: A Black Homeownership Series, at Spangalang Brewery in Denver. The free event included a panel discussion with home finance experts regarding mortgage products, down payment assistance programs, and how to identify predatory lending. The homeownership series is part of CHFA’s Own Your Tomorrow initiative to increase homeownership among Black and African Americans in Colorado.
CHFA Receives AFP Southern Colorado Award
CHFA was proud to receive the 2025 Large Philanthropic Company Award from the Association of Fundraising Professionals (AFP) Southern Colorado Chapter. The award recognizes a company or organization with a proven record of exceptional generosity that, through direct financial support, demonstrates outstanding civic and charitable responsibility. Caroline Trani, CHFA Community Relationship Manager, Southern Colorado accepted the award on CHFA’s behalf.
Rendezvous Hosts Ribbon Cutting in Montrose
A grand opening and ribbon cutting celebration was held September 24th for Rendezvous in Montrose. Developed by Volunteers of America National Services, Rendezvous includes 52 affordable apartments for older adults aged 55 and above with incomes from 30 percent to 60 percent of the Area Median Income (AMI). CHFA was proud to support Rendezvous with an award of $1,100,1000 in state Affordable Housing Tax Credits (AHTC) and $959,961 in federal 4 percent Housing Tax Credits in 2023.
Photos:
Hero: Resident at South Platte Crossing Apartments, Commerce City
Rental Housing: St. Stephen Apartments grand opening, Denver
Spotlight, left: Building Legacy: A Black Homeownership Series Part III at Spangalang Brewery in Denver
Spotlight, center: Caroline Trani, CHFA Community Relationship Manager, Southern Colorado, accepts CHFA’s award at the Association of Fundraising Professionals (AFP)
Southern Colorado Awards Ceremony
Spotlight, right: Kathryn Grosscup, CHFA Manager, Housing Tax Credit, delivers remarks on behalf of CHFA at the Rendezvous ribbon cutting celebration in Montrose