Twelve developments have been reserved state and 4% low-income housing tax credits by the Colorado Housing and Finance Authority (CHFA).
The developments, which will provide 994 affordable apartments, will seek to serve a broad range of Coloradans in need including, veterans, formerly homeless individuals and families, and youths aging out of foster care.
CHFA received 24 applications for state and federal housing tax credits in its second competitive allocation round of the year. The developments receiving reservations are in Arvada, Aurora, Colorado Springs, Denver, Fort Collins, Littleton, Steamboat Springs, and Thornton.
The following developments are receiving state and federal housing tax credit award reservations by CHFA. Full descriptions may be viewed here and the award report may be viewed here.
· 8315 E. Colfax Family Affordable & Early Childhood Education, Denver
Developer: Mercy Housing Mountain Plains
· Allison Village, Arvada
Developer: Foothills Regional Housing (Jefferson County Housing Authority)
· Anglers Four Hundred, Steamboat Springs
Developer: Overland Property Group and Yampa Valley Housing Authority
· Clara Brown Commons, Denver
Developer: Mile High Ministries
· Crossing Pointe South, Thornton
Developer: Maiker Housing Partners (Housing Authority of Adams County)
· Fitzsimons Veterans Independent Living, Aurora
Developer: Aurora Housing Authority
· Garden Apartments, Colorado Springs
Developer: Western Region Nonprofit Housing Corp.
· Highland Trails, Littleton
Developer: Four Corners Development
· Montbello FreshLo Hub, Denver
Developer: Montbello Organizing Committee
· Oak140, Fort Collins
Developer: Housing Catalyst
· Rhonda’s Place, Denver
Developer: REDI Corp.
· Village at Solid Rock, Colorado Springs
Developer: Commonwealth Development Corp. and Solid Rock CDC
To date in 2020, CHFA has supported the development or preservation of 2,958 affordable apartments in 37 developments across Colorado with state or federal affordable housing tax credits.
Since the program’s inception, housing tax credits have supported more than 71,000 affordable rental units in the state by leveraging over $3.5 billion in private-sector equity investment into the state’s affordable housing need.