Colorado Housing and Finance Authority (CHFA) announced that nine developments will be awarded a reservation of federal and state Housing Tax Credits to support the new construction of 840 affordable rental units. This includes awards of Transit-oriented Communities (TOC) credit to five developments. The TOC credit is a new state Housing Tax Credit that supports affordable rental housing development near transit. The total private sector equity estimated to be raised by the credit awarded during this round exceeds $209.5 million.
These developments will seek to address various housing needs in Colorado, supporting individuals, families, and persons experiencing homelessness. Developments awarded during this round will be located in Aurora, Denver, Fort Collins, Longmont, and Sterling.
Housing Tax Credits have helped build or preserve more than 80,000 affordable rental housing units in Colorado since the program was created in 1986.
The following developments will receive federal 4 percent and accelerated state Housing Tax Credit award reservations from CHFA. View full development descriptions and the award report on the CHFA website.
