Colorado

In response to the House Republican Tax Cuts and Jobs Act H.R. 1 released on November 2, 2017, CHFA has published information to assist multifamily transactions.

Colorado Housing and Finance Authority retained the services of BBC Research and Consulting to investigate factors that influence costs of building and renovating affordable multifamily rental properties across the state. CHFA plans to use the research to inform cost-containment measures in future QAPs as well as develop best practices and raise awareness of the issue of increasing development costs.

In total, awards are being made to sponsors of 12 developments, which will support the new construction or preservation of 632 affordable rental housing units in Colorado.

This free webinar is for all local officials, developers, and others who want to learn how to use PAB financing to benefit their communities through affordable and workforce housing and economic development.

Registration is now open for Colorado Housing and Finance Authority’s 2017 Housing Credit Summit.

Read on for a summary of approved changes.

Colorado Housing and Finance Authority is offering three one-hour webinars in January to help you prepare for your 2017 LIHTC allocation application, and give you the inside track on new safety and security standards that can enhance your tenant’s and staff’s health and well-being.

The Colorado Housing and Finance Authority plans to post a redlined first draft of its 2017 QAP on or before September 30th.

HB-1465 extends the program through 2019 and authorizes CHFA to allocate $5 million in state LIHTC annually in 2017, 2018, and 2019. Without passage of HB-1465, the state LIHTC program would have sunset at the end of this calendar year.

Attendees will learn about the housing development process, real estate terminology, selection of contract service providers, cost containment, and more.

The Colorado Housing Finance Agency issued a request for proposals (RFP) to conduct a comprehensive study of the cost to develop Low-Income Housing Tax Credit housing. Applications are due by March 18 at 4:00pm MTN.

Colorado Housing Finance Authority announced that it will reduce the mortgage insurance premium for multifamily loans using the CHFA 542(c) Risk Share 50/50 program to 12.5 basis points, from 25 basis points.