The Colorado Housing and Finance Authority (CHFA) released updates for three multifamily program compliance policies.
CHFA Multifamily Program Compliance Manual for Housing Tax Credit and CHFA Multifamily Loan Programs Updated
The CHFA Multifamily Program Compliance Manual now includes updated guidance for developments with Housing Tax Credits and/or Multifamily Loan financing through CHFA. Use this version for questions regarding procedures, rules, and regulations. View a full list of all new and revised sections at this link.
CHFA Average Income Test Compliance Monitoring Policy for Housing Tax Credit Developments Updated
Multifamily Program Compliance has updated CHFA’s Average Income Test Compliance Monitoring Policy for Housing Tax Credit Developments. Revisions were made in accordance with final federal AIT regulations published in the Federal Register on September 30, 2025, and to include a new CHFA-permitted reason for AMI redesignation. The revised policy is effective retroactively as of October 1, 2025.
For developments that elected the average income minimum set-aside and for which the investor intends to claim tax credits for 2025, additional average income compliance reporting is required, as explained in the policy. CHFA Program Compliance Officers will communicate directly with those developments regarding the year-end 2025 reporting and deadlines.
Reminder to Use Most Current CHFA Compliance Forms
CHFA updates compliance forms as needed, and owners are encouraged to visit the Program Compliance Forms webpage regularly for the most current forms. The page includes a Compliance Form Current Version list showing when each form was last revised.
Owners are not required to use CHFA’s forms, provided that the owner’s forms contain all the same questions and content. Contact your Program Compliance Officer with any compliance-related questions for the HTC and CHFA Loan programs. To find your PCO, search on CHFA’s website by city and property name.
