The Colorado Housing and Finance Authority announced that it will award state Affordable Housing Tax Credits (AHTC) and 4 percent federal LIHTCs to support the construction or preservation of 1,344 affordable apartments across 12 project sites located in the Denver metro area, northern and southern Front Range and Western Slope.
This evaluation round illustrated several housing innovations including two awardees proposing to construct new units through the adaptive re-use of existing, vacant structures; and six proposing to use the new income-averaging allowance approved by Congress in 2018. Collaboration and outreach were also a recurring theme, with several developments demonstrating strong community partnerships formed to facilitate outreach, ongoing resident and supportive services, infrastructure development, funding and/or land donations.
