rental housing

New Permanent Supportive Housing Development Breaks Ground in Boulder

On January 6, CHFA Community Development Director, Steve Johnson, joined Element Properties and community members in celebrating the groundbreaking of Bluebird Permanent Supportive Housing. Bluebird will be the second 100 percent supportive housing development in Boulder to serve individuals and families exiting homelessness. It will feature trauma-informed design as well as space for onsite supportive services.

Bluebird will be constructed in the transit-oriented district of Boulder Junction. When complete, it will provide 40 studio and one-bedroom units for people earning 30 percent of the Area Median Income, which is $26,340 in Boulder County.

CHFA was proud to support Bluebird by awarding S733,107 in state Housing Tax Credits and $586,486 federal 4 percent Housing Tax Credits in 2021 and issuing $10.6 million in Private Activity Bonds. Project-based rental assistance will be provided by the Colorado Division of Housing and Boulder Housing Partners.

Customers

business lending

CHFA Supports Native American Bank

NAB was chartered in 2001 by 20 Tribal nations and Alaska Native Corporations. They set out with a vision to create a national bank to serve all Native people, communities, governments, and enterprises across the country. NAB is headquartered in Denver and has a location on the Blackfeet Reservation in Browning, Montana.

As a Community Development Financial Institution (CDFI), the majority of NAB’s lending occurs in low-income communities. It is the only national American Indian-owned community development bank in the country and carries a Minority Depository Institution designation from the FDIC. NAB recognizes that access to financial capital and services has been a significant obstacle toward the realization of self-sufficiency and financial freedom across Indian Country. The Bank’s primary mission is to assist Native American and Alaskan Native individuals, enterprises, and governments to reach their goals by providing affordable and flexible banking and financial services.

Customers

community partnerships

Roaring Fork Valley Community Coalition Leads the Way to Advance Housing Goals

CHFA recently provided a $25,000 grant to support the West Mountain Regional Housing Coalition, a local community coalition working to advance affordable housing in the Roaring Fork Valley. With participants from Glenwood Springs, Basalt, Carbondale, Snowmass Village, Aspen, Eagle County Housing and Development Authority, Pitkin County, and Colorado Mountain College, the West Mountain Regional Housing Coalition seeks to address the growing crisis of affordable housing by furthering “development-neutral” solutions and education for the region’s unique housing needs.

CHFA’s grant will support the Coalition’s strategic planning efforts to 1) Develop a culturally informed program development that is responsive and that measures and understands the needs of the broader regional community; and 2) Identify all communities who have a presence in the Roaring Fork Valley and to develop stronger relationships with, including, but not limited to Latinx/o, immigrant groups, very low-income households, seniors, veterans, and people with disabilities. CHFA’s grant will match additional funding provided by the Colorado Department of Local Affairs (DOLA) and the Coalition’s local community partners.