chfa monthly impact report

December Report: Data from January 1 to November 30, 2021

CHFA strengthens Colorado by investing in affordable housing and community development. CHFA’s work supports communities and creates jobs. We are proud to invest in Colorado’s success.

This report provides a year-to-date snapshot of CHFA’s investments to support affordable housing and community development throughout Colorado, along with related narratives and analyses. The report is updated monthly.

 
 

CHFA

 

Homeownership

Rental Housing

Business Lending

Community Partnerships

 

homeownership

7,911

Total homeowners served with loans

improved document delivery system helps lenders and homebuyers

CHFA has implemented an enhanced document delivery system via HomeConnectionsm. The system allows Participating Lenders to upload documents more efficiently and allows CHFA to continue meeting review times. This also helps lenders and borrowers get to closing faster.

New features include:

  • Looks more like HomeConnection

  • Faster delivery screen loading

  • Ability to toggle between CHFA first and second lien loans on one screen

  • Document list is on a single screen; required documents listed first

  • Industry-standard document naming conventions

  • Ability to sort documents by status

  • More responsive document search feature

  • Ability to view document delivery history

$2,525,070,328

First Mortgage Loans

$2,238,140

Down Payment
Assistance Grants

$96,032,504

Down Payment
Assistance Seconds

7,380

Homebuyer Education
Customers Served

Customers

$324,022

Median Loan Amount

678

Median Credit Score

$69,000

Median Income

90%

Median AMI

92%

First-time Homebuyers

 

rental housing

6,414

Units supported with loans, PAB, or Housing Tax Credits

chfa announces round two housing tax credit awards

CHFA is awarding a reservation of federal and state Housing Tax Credits to 14 developments to support the new construction or preservation of 1,373 affordable housing units in Colorado. Read the news release to learn more.

  • 2700 Wewatta Affordable Apartments, Denver
    Developer: Rivet Development

  • All Saints Senior Apartments, Denver
    Developer: Archdiocesan Housing

  • Bluebird, Boulder
    Developer: Element Properties

  • Bonsai Apartments, Sheridan
    Developer: Medici Development

  • Eagle Meadow Homes, Aurora
    Developer: Community Housing Partners

  • Flo, Denver
    Developer: Denver Housing Authority

  • Jewell Apartments, Aurora
    Developer: Community Housing Development Association

  • Johnson and Wales Family Housing, Denver
    Developer: Archway Investment Corporation

  • Mount Calvary Senior, Boulder
    Developer: Boulder Housing Partners

  • Paloma Garden, Colorado Springs
    Developer: Volunteers of America National Services

  • Park Ridge Apartments, Brighton, Estes Park, and Limon
    Developer: Chrisman Development

  • Peoria Crossing Phase II, Aurora
    Developer: Aurora Housing Authority

  • Ralston Gardens, Arvada
    Developer: Mile High Development and Brinshore Development

  • Wintergreen Ridge, Keystone
    Developer: Gorman and Company

Pictured above: Rendering of Bluebird in Boulder, courtesy of Element Properties

68

Total Developments Supported

$107,272,566

Total Loan Production

$54,500,000

Multifamily Loan Commitments

Customers

4,850

Family Housing Units

341

Homeless Housing Units

1,138

Senior Housing Units

60

Special Needs Units

25

Veteran Units

720

Rural Housing Units

1,119

Preservation Units

business lending

553

Total businesses served

cdfa hosts virtual national summit

The Council of Development Finance Agencies (CDFA) held its Virtual National Summit on November 1-5. CHFA was proud to be the event’s title sponsor. The CDFA Virtual National Summit offered education sessions to help prepare communities for growth, investment, job creation, and long-term economic sustainability.

Sessions specifically explored topics such as the American Rescue Plan, preserving small businesses, and investing in equitable development. CHFA Community Development Director, Steve Johnson, joined CDFA leadership to provide welcome remarks, and CHFA Commercial Loan Officer, Justin Vause, presented at “How DFAs Have Pivoted and Thrived.”

3,107

Total Jobs Impacted

$99,949,208

Dollars Invested

Customers

40%

Women-owned

29%

Minority-owned

11%

Women- and
Minority-owned

$20,080

Median Loan Amount

community partnerships

230

Organizations supported

five projects selected to receive technical assistance in second award round

Earlier this year, CHFA launched its new Small-scale Affordable Housing Technical Assistance Pilot Program to support the development of small-scale affordable housing in historically difficult-to-develop areas. The program provides access to experienced affordable housing consulting, which will help provide development guidance for housing projects. Technical assistance may include guidance on visioning, community engagement, site assessment and modeling, financial feasibility modeling, development of RFPs, resource education and matchmaking, and more.

In CHFA’s most recent round, five developments were awarded technical assistance, which will offer a range of housing opportunities to support communities in Lake, Pueblo, Saguache, and San Juan counties.

$2,611,432

Total Giving

$1,797,090

Corporate Giving
(direct and in-kind)

$65,000

Housing Solution Grants

$573,736

Regional Community
Investment Grants

$5,918

Staff Donation Drives
and Giving and Match

$169,688

Technical Assistance

735

Staff Community
Involvement Leave and Day
of Service Hours

403

Technical Assistance Hours

spotlight

colorado counties, inc. (cci) foundation winter conference

The CCI Foundation Winter Conference was held November 29th through December 1st in Colorado Springs. The CCI Foundation provides training and educational programs for better county management and understanding of county issues. Its Winter Conference will include education sessions on housing grants, greenhouse gas rules, and tax policy. CHFA is a District Meeting Sponsor and representatives spoke at the regional meetings. Jerilynn Francis, Margie Joy, Chris Lopez, Jeff Owsley, and Caroline Trani participated at the conference on CHFA’s behalf.

chfa days of service

CHFA’s final 2021 Days of Service with Habitat for Humanity of Metro Denver occurred in November. On November 4th, 10 Chfaians helped build and repair homes at Habitat’s Aria Homes project. On November 5th, nine Chfaians volunteered to work in the Habitat ReStore, which supports Habitat’s mission by providing valuable funding to their programs.

casa fundraiser

Court Appointed Special Advocates (CASA) helps abused and neglected children by providing them a voice in the courts and community through a trained volunteer. On November 12th, CASA hosted its Savor the Moment fundraiser, which helped 150 volunteers advocate for more than 400 abused and neglected youth in its eight-county service area, including Bent, Chaffee, Crowley, Custer, Fremont, Park, Pueblo, and Otero counties. CHFA was a proud sponsor of the event. CHFA Southern Colorado Community Relationship Manager, Caroline Trani, represented CHFA at the event.