rental housing

Housing Credit Summit Held in Denver

On February 13th, CHFA hosted the Housing Credit Summit in Denver. More than 250 Housing Tax Credit developers, affordable housing stakeholders, and investors gathered at the event to network, share ideas, and hear from industry experts about market trends, state and federal policy, and resources to address affordable housing needs.

The event featured keynote remarks from Michael Novogradac, a nationally recognized affordable housing expert, and managing partner of Novogradac. Attendees also heard from Boston pediatrician and professor Dr. Megan Sandel, whose academic research focuses on place-based investing and the intersection of health and housing. At the conclusion of the formal agenda, CHFA shared a video featuring the stories of residents from tax-credit-supported developments throughout the state. It is available online at chfainfo.com/strengthening-colorado-video.

Customers

business lending

New Markets Tax Credits Awarded to Habitat for Humanity

In February, CHFA awarded $13.2 million in New Markets Tax Credits to support Habitat for Humanity of Metro Denver in their acquisition and rehabilitation of a 46,000 square foot vacant building in Denver’s Athmar Park neighborhood. Upon completion, the renovated structure will serve as the organization’s new headquarters and will increase Habitat’s capacity to provide affordable housing and services in the Denver area while creating and retaining an estimated 140 jobs.

The new facility will feature spaces for commercial offices, community meetings, production and manufacturing, and a home improvement ReStore. The renovation will also include substantial energy efficiency upgrades, including the addition of solar panels, aligning the project with the Energize Denver Initiative to become carbon neutral by 2030.

Customers

community partnerships

Investments Assist Children and Families in Rural Communities

CHFA recently supported three childcare and early childhood development organizations located in rural Colorado communities. These investments will support the work of the Early Childhood Council for Yuma, Washington and Kit Carson County (ECCYWK); Connections 4 Kids, whose work serves Rio Blanco and Moffat Counties; and Firm Foundation Childcare in Meeker. In total, CHFA invested nearly $50,000 across these three organizations to support their work to equip childcare professionals, increase available childcare, and expand resources available to children and their families.

Access to childcare is a significant challenge for Colorado families, with recent data published by the Colorado Children’s Campaign indicating that there are approximately two available childcare spots for every three Colorado children under age six that need one. These shortages can be more severe in rural areas, where childcare providers are often scarce.