rental housing

Clara Brown Commons Opens in Denver

A grand opening celebration was held Friday, January 19th, at the new Clara Brown Commons development in Denver. Sponsored by Mile High Ministries, the development includes 62 apartment homes for individuals and families earning between 20 to 80 percent of the Area Median Income (AMI).

Located in Denver’s Cole neighborhood, Clara Brown Commons is part of the redevelopment of a city block that will include 17 Habitat for Humanity townhomes and a community building with a childcare center. Clara Brown Commons was awarded $782,057 in federal 4 percent Housing Tax Credits and $970,455 in state Affordable Housing Tax Credits in 2020. Chfaians David Dodge, Julia Selby, Kathryn Grosscup, and Meghen Brown attended the celebration.

Customers

business lending

Land Banking Award Recipients Announced

In January, CHFA joined Governor Jared Polis and the Office of Economic Development and International Trade (OEDIT) in announcing 16 recipients of funds from the Proposition 123 Land Banking program. CHFA serves as contract administrator on behalf of OEDIT for the Land Banking program as well as the Proposition 123 Equity and Concessionary Debt programs.

The Land Banking program provides grants to eligible local or tribal governments and forgivable loans to eligible nonprofits with a demonstrated history of providing affordable housing. The 16 awardees are located in urban, rural, and rural-resort-designated counties throughout the state. The land acquisition supported will help advance the development of an estimated 1,380 affordable for-sale and rental housing units. More details including a list of awardees are available at coloradoaffordablehousingfinancingfund.com.

Customers

community partnerships

Celebrating 50 Years of Strengthening Colorado

In 2024, CHFA is celebrating 50 years of strengthening Colorado by investing in affordable housing and community development. Since 1974, CHFA has had the privilege to collaborate with valuable partners, innovators, and changemakers to build stronger communities through investments to support homeownership, business growth, affordable rental housing development, and mission-aligned nonprofits.

Throughout the year, CHFA will celebrate its impact as well as the partners who have made the work possible and laid the foundation for future efforts. In January, CHFA launched a 50th anniversary webpage at chfainfo.com/50, which will be updated throughout 2024. It includes a link to an interactive timeline that tells CHFA’s story through the years, beginning with its establishment by the Colorado General Assembly in 1973 and the appointment of its first Executive Director and Board in 1974.