chfa monthly impact report
January Report: Data from January 1 to December 31, 2022
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 monthly 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.
Please click here for a printable PDF version of this month’s report.
CHFA
Homeownership
Rental Housing
Business Lending
Community Partnerships
homeownership
6,592
Total homeowners served with loans
2022 Homeownership Highlights
$2,299,054,923
First Mortgage Loans
$1,286,689
Down Payment
Assistance Grants
$88,203,149
Down Payment
Assistance Seconds
7,743
Homebuyer Education
Customers Served
Customers
$351,515
Median Loan Amount
682
Median Credit Score
$81,230
Median Income
105%
Median AMI
92%
First-time Homebuyers
rental housing
6,707
Units supported with loans, PAB, or Housing Tax Credits
The Landing at Greyhound Park Celebrates Grand Opening
On December 8th, a grand opening celebration was held for The Landing at Greyhound Park (The Landing) in Commerce City. This development offers 223 affordable apartments serving individuals and families with incomes at 30 to 60 percent of the Area Median Income or below. The property is part of a master-planned community at the former Mile High Greyhound Park that will feature a mixed-use and mixed-income
walkable neighborhood.
CHFA was proud to support The Landing by awarding federal 4 percent Housing Tax Credits in 2019, providing a $34 million construction-to-permanent loan, and issuing $35,025,000 in Private Activity Bonds.
75
Total Developments Supported
$326,722,686
Total Loan Production
$64,856,872
Multifamily Loan Commitments
Customers
4,746
Family Units
531
Homeless Units
1,392
Senior Units
0
Special Needs Units
1,158
Preservation Units
38
Veteran Units
821
Rural Units
business lending
599
Total businesses served
Castle Rock Restaurant and Bar Upgrades with CCS Support
Castle Café is a restaurant and bar that is undergoing renovations to provide improvements and expanded food service. The renovation project will retain 22 full-time jobs and 34 part-time jobs and create two new full-time jobs and nine part-time jobs. Castle Café was created in 1995 but its origins date back to the early 1890s when it was the Castle Hotel and Bar. Known for their fresh pan-fried chicken, the restaurant offers lunch and dinner menus featuring soups, salads, burgers and sandwiches, appetizers, home-style favorites, and southern dishes with a small selection of deserts. Located in downtown Castle Rock, the business is significant to the community, currently and historically.
CHFA was proud to support Castle Café with a $236,500 Cash Collateral Support (CCS) deposit to leverage $500,000 in private financing from Collegiate Peaks Bank.
4,212
Total Jobs Impacted
$103,590,465
Dollars Invested
Customers
37%
Women-owned
33%
Minority-owned
15%
Women- and
Minority-owned
$120,175
Median Loan Amount
community partnerships
373*
Organizations supported
2022 Round Three Direct Effect Awards
In December, CHFA announced its Round Three 2022 Direct Effect Award recipients. CHFA’s Direct Effect Awards recognize Colorado nonprofit organizations whose missions align with CHFA’s.
CHFA donated $1,063,285 to 73 nonprofits through its Direct Effect program in Round Three, which received 110 applications. The average grant awarded in Round Three was $14,566 and the maximum grant award amount was $30,000.
Click here to view the complete list of awardees and learn how Direct Effect will support their work.
In culmination of 2022’s three award rounds, CHFA donated more than $2.2 million in Direct Effect Awards, supporting a total of 161 Colorado nonprofits.
*Estimate as of January 17, 2023.
$5,638,736
Total Giving
$3,343,377
Corporate Giving
(direct and in-kind)
$275,000
Housing Solution Grants
$1,390,512
Regional Community
Investment Grants
$14,473
Staff Donation Drives
and Giving and Match
$615,374
Technical Assistance
1,423
Staff Community
Involvement Leave and Day
of Service Hours
1,121
Technical Assistance Hours
spotlight
Like It Forward
The Center for African American Health (CAA Health) is a leading metro-Denver health equity and family resources nonprofit organization. CHFA donated $5,210 to CAA Health as a result of its annual Like It Forward campaign that promoted the organization on social media and raised $5 for each like and share of all posts.
Coats For Colorado
Coats for Colorado works to provide warm winter coats at no cost to Coloradans of all ages in need. Coats for Colorado assists more than 120 nonprofit health and human service agencies in meeting the needs of their clients. CHFA staff recently held a donation drive to support Coats for Colorado, which resulted in more than 80 coats donated.
CCI Winter Conference
The Colorado Counties Inc. Foundation held its Winter Conference December 12th-14th in Westminster, offering networking and education opportunities for attendees to connect with county governments. CHFA was the event’s District Meeting sponsor. Several CHFA staff members presented at the conference and CHFA also hosted an
exhibitor booth.