chfa monthly impact report
September Report: Data from January 1 to August 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
3,646
Total homeowners served with loans
Enhanced Participating Lender Search Feature Launched
CHFA was proud to launch an enhanced Home Finance Participating Lender search feature in August at chfainfo.com/participating-lenders. Through multiple community feedback sessions, CHFA’s Home Finance Division learned that homebuyers would like more options to help them narrow down their loan officer search. The Find a Participating Lender webpage now offers increased functionality, allowing homebuyers to type in an individual’s name or company.
Results may also be refined by several optional filters including county, production level, households served, and more. These attributes are visible on each loan officer’s contact card that populates below the dropdown filter options. Results are determined by the number of households who utilized a CHFA loan program when working with that loan officer in the previous calendar year or most recent rolling 12-month period.
1,357,803,872
First Mortgage Loans
$518,029
Down Payment
Assistance Grants
$56,661,798
Down Payment
Assistance Seconds
5,148
Homebuyer Education
Customers Served
Customers
$377,363
Median Loan Amount
697
Median Credit Score
$102,708
Median Income
131%
Median AMI
93%
First-time Homebuyers
rental housing
2,865
Units supported with loans, PAB, and/or Housing Tax Credits
Brigit’s Village Celebrates Grand Opening
CHFA took part in a grand opening and ribbon cutting celebration for Brigit’s Village on Tuesday, August 26th, in Frederick. Brigit’s Village is the first development supported by Housing Tax Credits in Frederick. Developed by Jon Peterson in partnership with St. Brigit’s Episcopal Church, Brigit’s Village will provide 40 affordable apartments in a multigenerational community serving older adults, individuals, and families with incomes between 30 percent to 70 percent of the Area Median Income (AMI).
To support the development, CHFA was proud to award $1,420,000 in federal 9 percent Housing Tax Credits in 2023. Kathryn Grosscup, Manager, Housing Tax Credit attended the celebration and delivered remarks on behalf of CHFA.
34
Total Developments Supported
$381,912,913
Total Loan Production
$114,206,833
Multifamily Loan Commitments
Customers
2,177
Individual/Family Housing Units
120
Supportive Housing Units
568
Older Adult Units
0
Special Population Units
488
Preservation Units
0
Veteran Units
547
Rural Housing Units
business lending
353
Total businesses served
CHFA Supports Captain D’s Restaurant and Howard and Associates
CHFA provided a Cash Collateral Support credit enhancement of $291,750 to support Captain D’s, a family-owned fast casual restaurant with two locations in Colorado Springs and one Pueblo. Bank of the San Juans will provide the financing to Captain D’s, and the loan will support the business in acquiring commercial real estate for their Pueblo location that they are currently leasing.
CHFA was also pleased to provide a $420,000 direct loan to support Howard and Associates, a law firm in Eagle. The firm’s owner and partner is Taggart Howard, a member of the Eagle County Recovery Court Team that works with high-needs clients in their recovery from substance use disorders. The financing provided by CHFA will refinance existing loans used by the firm to acquire the commercial real estate where its office is located.
2,298
Total Jobs Impacted
$65,700,736
Dollars Invested
Customers
37%
Women-owned
42%
Minority-owned
16%
Women- and
Minority-owned
$36,105
Median Loan Amount
community partnerships
336
Organizations supported
Golf Tournament Raises $105,000 for Montbello Organizing Committee
CHFA’s David W. Herlinger Golf Tournament raised $105,000 for Montbello Organizing Committee (MOC) on Tuesday, August 12th. The 2025 tournament was held at Arrowhead Golf Club in Littleton, Colorado.
Based in Denver’s Montbello neighborhood, MOC is a community organization dedicated to energizing and supporting Montbello stakeholders and resident leaders in their efforts to proactively and responsibly tackle the critical issues impacting their quality of life. MOC identifies and addresses many challenges the community faces, including lack of affordable housing. Since 2013, MOC has worked with residents to organize their voices and activate their intentions through community engagement activities. More information about Montbello Organizing Committee is available at montbelloorganizing.org.
$4,242,657
Total Giving
$1,026,027
Corporate Giving
(direct and in-kind)
$1,932,983
Regional Community
Investment Grants
$1,283,297
Technical Assistance
884
Staff Community Involvement Leave and Day of Service Hours
716
Technical Assistance Hours
$350
Staff Donation Drives
and Giving and Match
spotlight
Closing Deals to Open Doors
CHFA recently made its multifamily loan closing process faster and more streamlined, based on feedback from customers on how to continue to improve CHFA offerings. The loan closing changes are highlighted in a new campaign, Closing Deals to Open Doors, which was launched with customers in August. More information is available at chfainfo.com/open-doors.
Park Hill Day of Legends
On August 9th, CHFA was honored to sponsor and attend the Park Hill Day of Legends event presented by the Park Hill Pirates Youth Sports Organization. Each year, Park Hill Day of Legends is held at the end of the summer to celebrate those who have significantly contributed to Denver’s Park Hill community. Staff shared information about CHFA’s homeownership programs during the event.
The Buildout Podcast Season Two
On August 21st, CHFA published a trailer for Season Two of The Buildout podcast, which will continue to explore stories of people and innovative ideas driving affordable housing and community development in Colorado. Throughout the fall, episodes will be published every other Thursday across podcasting platforms and at chfainfo.com/buildout.
Photos:
Hero: Project Diakonia, Colorado Springs
Rental Housing: Brigit’s Village grand opening, Frederick
Business Lending: Taggart and Elyse Howard, Howard and Associates, Edwards
Community Partnerships: CHFA staff with the 2025 David W. Herlinger Golf Tournament beneficiary, Montbello Organizing Committee
Spotlight, center: CHFA staff attend the Park Hill Day of Legends event in Denver